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Some fundamental fraud awareness training can help in your everyday life: the next time someone’s talking about your information, watch their face.
We’ve looked at ways to combat electronic criminals, and while it’s true that cyber security is important, it’s also wise to stay alert when dealing with living, breathing people. There are many everyday situations in which your most personal information might be in the hands of a stranger, whether you’re making a purchase, confronting a possibly fraudulent employee or performing a bank transaction. In her book “Body Language Confidential,” author Traci Brown identifies many basic things you can do to check if someone is trying to scam you right in front of your face.
Let’s start with the face. One key indicator is when a person rubs or scratches their face after being asked a question. This might seem like a fairly obvious giveaway, but you’ll be surprised how often you’ll see this little move in action. According to Brown, this is a physical reaction to lying, which raises the potential scammer’s blood pressure.
Posted in Fraud Detection & Prevention by Identity Theft Speaker John Sileo.
Tags: fraud awareness training, Fraud Detection
February 26-28 will mark the presentation of the National Association of Federal Credit Unions (NAFCU)'s Technology and Security Conference in Austin, Texas. A keynote speech at the event entitled "Thieves, Hackers, and Facebook Attackers: Credit Union Privacy Survival in a Social World," will be given by fraud expert John Sileo. The talk will present credit unions with the knowledge they need to help stop fraud before it starts.
Online security is more perilous and precious than ever. In times of constant attack, how will you keep your information safe?
Social media, data sharing and the wonders of the cloud all offer so many advantages to modern commerce that the myriad dangers often go unseen. Who has access to your data? What kind of habits are you enforcing? We live in a time where we are asked to scatter our personal information to the wind without a second thought – and we often do.
Posted in Cyber Data Security by Identity Theft Speaker John Sileo.
Tags: Cyber Crime, fraud awareness training
How sure are you that your company’s computers aren’t being used against you for purposes of fraud and identity theft?
Recently, Bloomberg.com reported a case in which Microsoft and the antivirus company Symantec joined forces to take down a massive botnet group. Known as Bamital, this ill-intentioned family of bugs is believed to originate from somewhere in Eastern Europe, and operated by distributing malicious software to unsuspecting computers. Once the targets had been infected, the hackers on the other end could take control of Web browsers and drive them wherever they wanted, re-routing searches and addresses to dubious websites that could infect them further.
According to the article, at least a quarter of a million computers were hit in this most recent attack. Globally, Bamital’s victims are reckoned to number in the millions.
Posted in Fraud Detection & Prevention, Identity Theft Prevention, Online Privacy by Identity Theft Speaker John Sileo.
Tags: Cyber Security, fraud awareness training, Fraud Prevention, online privacy, types of identity theft
Insider fraud struck again yesterday, this time resulting in charges being filed by the U.S. Securities and Exchange Commission (SEC).
According to the SEC, a former executive in the Stamford, Connecticut offices of a New York-based broker-dealer deceived clients when selling them mortgage-backed securities (MBS). He allegedly told them that his firm paid more for the MBS than it actually did, or made up a fictional seller and arranged supposed trades, when in reality he was selling out of his company’s own inventory at higher prices to bank a better profit.
In the SEC filing, the former exec was said to have swindled his clients and brought in nearly $3 million in additional profits. While the duplicitous activity went unnoticed for a time, his star rose within the company and so did his bonuses.
Posted in Fraud Detection & Prevention by Identity Theft Speaker John Sileo.
Tags: fraud awareness training, Fraud Detection, Fraud Training
