Tower Federal Credit Union’s Post

Another excellent example of Texas Department of Public Safety keeping up the good work. I have long said that although money is laundered in multiple ways through #Chinese financiers or #Mexican financiers, drug and human trafficking is a cash business. #CashisKing, always has been and always will be. Although #Cartels make a lot of money, they also have to spend a lot of money. What does this tell us? #MAJOR amounts of #IllicitCash is headed #South to the #SouthernBorder. The American dollar in cash is still the #best way to #payoff the huge #payroll the cartels have in #Mexico, from #MexicanPoliticians to the low level soldier, cash is impossible to #Trace. #OperationLoneStar continues to bear fruit and as the weather turns cooler as we head into fall, expect activity to continually increase. Babel Street ShadowDragon PenLink World of Crime UPS FedEx FedEx Latin America and Caribbean Saia Inc. DHL DHL Supply Chain DHL Express Estes Express Lines Old Dominion Freight Line XPO Grant Rogers Robert A. Heber Jr. Robert A. Heber Jr. Gregory Roberts Andrew Bustamante, MBA Abel Flores Vincent Vargas Peter J. Forcelli Jesus Romero Thomas Homan Derek Maltz Jaeson Jones Michael Banks Governor Greg Abbott Texas Attorney General Texas Military Department Shawn Ryan Sarah Adams Scott Mann Joe Rogan Joe Rogan experience Ben Owen Derek France Rik Thrailkill Sheriff Thaddeus Cleveland

Use this case study as a gentle reminder to consider all possible risk elements as part of your #fraudrisk assessment. You can also use The Australian Standard on Fraud and Corruption Control (AS 8001:2021) as a framework to assist with control assessment of applicable fraud risks across all aspects of your operational and administrative functions. #fraudprevention and #fraudresponse

A perfect example of Internal malicious attacks refer to security breaches perpetrated by individuals within an organization, such as employees, contractors or partners. These attacks can take various forms including insider threats, sabotage, data theft, or fraud. Common motives behind internal malicious attacks include financial gain, revenge, espionage, or negligence. Preventive measures typically involve implementing strict access controls, monitoring employee activities, conductings security audits, and providing cybersecurity awareness training to staff.

If you want to keep your family safe, these are 2️⃣ terms you need to learn & know how to prevent. ⬇️⬇️⬇️ 🚨 A SLIDER: A criminal who typically targets women while fueling their vehicle. The perpetrator “slides” in & out of the victim's vehicle while taking their purse, other valuables and/or even driving off. 🚨 A JUGGER: A criminal who observes individuals withdraw large sums of money from a bank & then follows the victim, to eventually break into the vehicle after the victim makes a stop or sometimes even attempts an aggravated robbery. Please review the comment section now for some elementary yet helpful tips that can prevent these attacks from occurring & keep you & your family safe. Stay Alert & Be Safe! #SABS #CssOne #CredibleSecurity

The Nova Scotia Securities Commission continues to see an increase in reports of investment fraud. However, not all types of fraud should be reported to the Commission. If you become a victim of investment fraud or any type of fraud you should report it to the proper authorities. Learn more about what types of fraud should be reported to the Nova Scotia Securities Commission and how to report other types of fraud to law enforcement by reading our blog post on fraud complaint reporting

Perfect examples how lack of oversight of an outsourced IT functions leaves a mark on financial statements.

It’s horrifying to discover that the most frequent victims of sextortion – a #Scam that involves soliciting explicit pictures or videos from victims and using them to extort money – are children? Teenage boys are most likely to be targeted by criminals, as shown by various data sources. For instance, according to FBI, from October 2021 to March 2023, sextortion involved at least 12,600 young male victims in the USA alone. 20 of these cases ended with the victim’s suicide. This underscores the need for everyone to do everything in their power to prevent this heinous crime and protect our children. Financial institutions in particular can play a vital role, as having robust and efficient #KYC and #AML systems in place can significantly help in detecting suspicious behavior, unearthing criminal organizations, and preventing them from laundering the money gained through sextortion. Do you agree? https://lnkd.in/etj8h-ec

Fraudsters are relentless in their schemes to target businesses and exploit their cyber vulnerabilities. Learn some of the best ways to protect your organization.

Fraudsters are relentless in their schemes to target businesses and exploit their cyber vulnerabilities. Learn some of the best ways to protect your organization.

Fraudsters are relentless in their schemes to target businesses and exploit their cyber vulnerabilities. Learn some of the best ways to protect your organization.