Incognia’s Post

Recognizing the heightened focus around fraud prevention in March, the need to be vigilant is a year-round commitment. As the article alludes to, fraud can impact businesses in many ways — from financials, to security, to reputation. Understanding what businesses need to know & what to look for, can help.

Good morning everyone! Fraud prevention is more important than ever before, and fraudsters are getting more resourceful by the day. That's why I'm starting a new series on fraud prevention awareness, where I'll be sharing tips on how to protect yourself and your information. If you have any questions or suggestions for topics you'd like me to address, please let me know. One of the most common phishing techniques we see in the fraud space is through text messages. Many of us depend on communication from services through this method, making it easier for fraudsters to gain access to your phone and personal information. Here are some tips to help you be more vigilant: 1. Always go to the main website of a provider rather than clicking on a link from a text message you're expecting. Fraudsters often send messages that appear to be from a well-known service organization, but with their own link asking for personal and credit card information. For example, if you're expecting a package from Purolator or Canada Post, they will send you an alert, but fraudsters will also send random messages with their own links. 2. Don't respond to a text message with personal information. If a service provider needs information from you, they will ask you to call them. Don't trust any text message saying there's an issue with your billing or some other form of urgency in the text. Don't click on the link. Instead, go directly to their website and log in or call them. 3. If you receive a text message from a number claiming to be your bank, call your bank. Don't rely on any other sources for that number. If you want to be sure if the text message is legitimate, you can always search the sender's number on Google. For example, my phone provider Telus uses 6400 when sending messages. Stay safe and stay tuned for more tips on how to protect yourself from fraud! Most of all be vigilant! #fraudawareness #fraudprevention #tips #safety #information #fraudfighters

Too many people overcomplicate Fake account detection and elimination(...focus on these 2 things) In reality, you can focus on 2 things and see success: Building a fraud prevention strategy to deal with fake accounts can get overwhelming. With so many moving parts, it's tempting to over-engineer a complex system. Most fraud fighters have been there. When you first started… You probably thought you needed the perfect strategy with multiple fraud prevention tools, manual reviews, and much more budget than you had access to at the time. I did too, but after working with SHIELD… I realized less is more. So long as that "less" is extremely accurate and powered by some crazy smart AI😁 You just need to nail these 2 essentials: 1️⃣ Pin point with extreme accuracy every single physical device in in your ecosystem. This is the starting point, you need to get to the ROOT of fraud and know which devices are spoofed, faked, emulated and which are real. 2️⃣ Then know your device to user account ratio - Anything beyond a 1:1* ratio should arouse suspicion (*dependant on your risk tolerance) When multiple user accounts are controlled from a single physical device this spells trouble. Nail this and you will have identified the root of fake accounts on your platform and you can completely ELIMINATE them! Stop overcomplicating it. PS: DM me "Fake Account" if you want to destroy fake accounts on your platform. Image: Identifying clusters of device to user account associations and activities. Do you know what's really happening on your platform?

🚨🔒 Guarding Your Finances: Fraud Prevention Tips! At Utah Independent Bank, your financial security is our top priority. Here are some key fraud prevention tips to keep your accounts safe: 📢 Stay Informed: Knowledge is your best defense. Stay updated on common scams and fraud tactics. 📱Secure Passwords: Use strong, unique passwords for online accounts; avoid easily guessable information. 🤨 Be Skeptical of Unexpected Communications: Scammers often pose as familiar organizations or claim urgent issues or prizes. 👍Verify Requests: Confirm unexpected requests for money or personal information through alternative channels before responding. 🔐 Protect Personal Information: Safeguard sensitive data and financial information to prevent unauthorized access 🎣📧 Beware of Phishing: Be cautious with emails, messages, or calls asking for personal information. Avoid clicking on suspicious links. 👀 Monitor Credit Reports: Regularly check credit reports for unusual activities or errors. 📬 Secure Mail and Email: Protect against fraud by securing mail and email; utilize free credit reports for monitoring. ⚠️ Enable Alerts: Set up account alerts for transactions, login attempts, and balance thresholds. Stay proactive in monitoring your accounts. Remember, your vigilance is key to preventing fraud. We are sharing these tips with you so you are aware of how to protect yourself - Follow these tips to help keep your financial journey secure and worry-free! #FraudPrevention #FinancialSecurity #UtahIndependentBank #UIB #StaySafeOnline

This quiz is designed to test your knowledge on various fraud detection techniques, common red flags, and best practices for safeguarding against fraud. Whether you’re a seasoned professional or new to the field, this quiz will help you assess your understanding and enhance your ability to detect and prevent fraudulent activities. Let’s dive in and see how well you can identify potential threats and protect against them. https://lnkd.in/dDMEmmQB

🚨 #OnlineFraudAlert 2024: How to Shield Yourself & Your Business 🚨 Hey LinkedIn family! As we all hustle in this digital playground, it’s crucial to stay vigilant against the ever-evolving online frauds. Let's break down the big players in the fraud game this year and arm ourselves with the knowledge to outsmart them: 1. Identity Theft: The Silent Menace Your identity is priceless. Keep it locked down with strong, unique passwords and regular account checks. #IdentityProtection 2. Phishing Scams: The Master of Disguise These scams are like wolves in sheep's clothing, tricking you into giving away your secrets. Always verify before you click. #StayWary 3. Investment Scams: The False Promise If an investment opportunity promises the moon with no risk, question it. Real opportunities need thorough vetting. #SmartInvesting 4. Advanced Fee Fraud: The Upfront Deception Paying upfront fees for promised services or goods? A classic red flag. Trust your gut and verify. #FraudPrevention But here’s the silver lining – Global CRN’s Fraud Prevention Guardian is your digital knight in shining armor. Our tool doesn’t just monitor; it actively fights against these threats, keeping you and your business safe. Why wait to be safe? Explore how Global CRN's Fraud Prevention Guardian can empower you to navigate the digital world confidently. #DigitalSecurity 🔗 Dive deeper into our solutions and join the movement towards a safer online environment. Together, let’s outsmart these frauds and secure our digital future. Stay smart, stay secure!

The non-obvious dangers of fighting fraud In the fight against online fraud, those who work to keep us safe face many hidden challenges. These aren't just from the scams they stop but sometimes from the scammers themselves. This job requires constantly learning about new threats, technologies, and techniques, which can be stressful, especially for those who try to teach the public about these dangers. Take, for example, @Pierogi, a well-known persona in the anti-fraud world with his YouTube channel, Scammers Payback. He shows scams as they happen, teaching viewers how to spot and avoid them. His work has helped many, but it has also made him a target. This shows us something important: fighting fraud is tough, and it can put those who do this work at risk. The stress of always having to stay one step ahead, combined with threats from scammers, can really take a toll on their mental health. Supporting people like Pierogi is crucial. They not only help keep the internet safer but also ensure that our online world remains a place we can trust. It’s important for everyone, especially those in the business world, to make sure these defenders can do their jobs without worrying about their safety or mental well-being. To stay a bit safer in our roles as fraud fighters, it's important to prioritize our security both online and offline. This includes various things but primarily being cautious about sharing personal information. Additionally, forming a supportive network with other professionals in the field can provide a collective defense against threats and harassment. Investing in personal security measures and being vigilant about our digital footprint are key steps in protecting ourselves while we continue the important work of combating fraud. Please stay safe! #FraudPrevention #CyberSecurity #ProtectTheProtectors #DigitalSafety #ScammersPayback #LetsTalkFraud

Ever wished your platform was a fraud prevention platform instead? Here’s a way to get your wish: Try building an internal device ID 😬 Why do I say that? You’re never just building a device ID. You’re also maintaining it as fraudsters try to crack it. When fraudsters find a vulnerability, 2 things can happen: 1) They get to work automating their new exploit process so they can ramp up fraud 2) They share their intel and tools with other fraudsters (potentially ramping up fraud even more) Fraud prevention vendors can afford to focus their time on keeping pace with fraudsters. That’s our business. But if your business isn’t fraud prevention, and you don’t want it to be… Building a device ID solution internally might not be the way to go. Building + maintaining fraud prevention tools takes a lot of resources. It might take more resources than you can afford to give it. Partnering with a vendor lets you dedicate your focus where it belongs—on your core product.

Online fraud is more than just a security issue—it's a critical business challenge that demands executive attention. If you missed @Sift’s recent webinar on this topic featuring industry leaders from Forrester and Deloitte, you can check out the key takeaways from the discussion here: https://buff.ly/3yUIIPr #FraudPrevention #Csuite #BusinessStrategy

💻 Webinar: Launching Your PSP: A Comprehensive Checklist with a Deep Dive into Fraud Prevention 💻 About This Event 🗓️ Join us for a not-to-be-missed webinar, an essential guide for anyone aiming to launch a Payment Service Provider (PSP) or elevate their existing payment infrastructure. This collaboration between Akurateco Payment Hub and Fraudio brings together leaders in payment processing and cutting-edge fraud prevention technologies to offer you a comprehensive roadmap for establishing a successful PSP that’s secure from the start. Meet Our Expert Speakers 👥 Andrew Riabchuk, Akurateco Founder: A seasoned professional in the payment processing sphere, Andrew is set to share his valuable insights on creating scalable, secure payment solutions and the critical role of fraud prevention in the foundational stages of your PSP. João Moura, CEO of Fraudio: At the helm of a pioneering fraud prevention firm, João will explore advanced fraud detection technologies and methodologies, offering strategies to scale your fraud prevention measures and integrate third-party services to protect against evolving cyber threats. Why You Can't Miss This Webinar 💻 💪 Discover the Motivations: Unveil the myriad reasons for launching a #PSP and the lucrative opportunities awaiting the digital economy. ✅ Comprehensive Launch Checklist: Receive an exhaustive guide to the essentials for your PSP’s MVP, including legalities, software, operational protocols, and security measures. 💰🥷Fraud Prevention Mastery: Gain expert knowledge on effective fraud prevention strategies, courtesy of Fraudio’s vast experience, and learn how to defend your platform from ever-changing threats. 🌍 Real-World Insights: Benefit from discussions on actual payment fraud cases and the successful tactics deployed against them, equipping you with actionable knowledge for your PSP. Reserve Your Spot Now: https://lnkd.in/dVeKAxk3