This course is designed to give you an understanding of the various types of fraud, scams, and con games that are prevalent in the world today. By becoming familiar with these, you will be able to better protect your financial institution, you and your customers from becoming victims of fraud.
Highlights include but are not limited to the following:
• Internet scams including auction fraud, non-delivery of merchandise, phishing, pharming and spoofing.
• Common fraud schemes such as identity theft, advance fee schemes, reverse mortgage scams and telemarketing fraud.
• Investment-Related scams which include letters of credit fraud, Ponzi schemes and pyramid schemes.
• New account fraud and check fraud.
• Other scams including skimming, credit card fraud, debt elimination and Nigerian letter fraud.
FRAUDS, SCAMS & CONS – Session 1: Internet Scams
This session is designed to give participants an understanding of the various Internet Scams that are prevalent in the world today. By becoming familiar with these, they will be able to better protect their financial institution, themselves and their customers from becoming victims of Internet Scams.
After completing this session, participants will be able to:
• Understand the different types of auction fraud.
• Identify ways individuals are scammed by non-delivery of merchandise and ways to avoid this type of scam.
• Recognize what phishing, vishing, spoofing and pharming are along with various tips to prevent these types of fraud.
• Describe what spam and call tag spam are and ways to keep away from spam.
• Know how to identify a re-shipping scam and way to avoid this type of swindle.
FRAUDS, SCAMS & CONS – Session 2: Common Fraud Schemes
This session is designed to give participants an understanding of some of the more common fraud, scams, and con games that are prevalent in the world today. By becoming familiar with these, they will be able to better protect their financial institution, themselves and their customers from becoming victims of fraud.
After completing this session, participants will be able to:
• Comprehend identity theft and recognize ways to prevent it.
• Know why child identity occurs and who is responsible.
• Become familiar with business fraud and how it happens.
• Recognize telemarketing fraud, advance fee scheme, mortgage scams and ways to avoid these types of fraud.
FRAUDS, SCAMS & CONS – Session 3: Investment Related Fraud and Miscellaneous Scams
This session is designed to give participants an understanding of the investment-related fraud schemes as well as other scams that are prevalent in the world today. By becoming familiar with these, they will be able to better protect their financial institution, themselves and their customers from becoming victims of fraud.
After completing this session, participants will be able to:
• Recognize investment-related fraud such as the letter of credit fraud, prime bank note fraud, Ponzi schemes and pyramid schemes.
• Identify other types of fraud and scams such as credit card fraud, skimming, market manipulation, debt elimination fraud and telephone collection scams.
• Also understand the stranded swindle con, work from home scams, lottery scams, rental scams and health care/insurance scams.
FRAUDS, SCAMS & CONS – Session 4: Check and New Account Fraud
This session is designed to give participants an understanding of two of the oldest forms of fraud, check and new account fraud. By becoming familiar with these, they will be able to better protect their financial institution, themselves and their customers from becoming victims of fraud.
After completing this session, participants will be able to:
• Recognize common forms of check fraud and what security features to look for in genuine checks.
• Understand the importance of the new account interview.
• Help prevent new account fraud.
• Identify acceptable and unacceptable types of identification.
• Learn some tips for verifying signatures.
• Know what to look for when it comes to a new account applicant’s behavior and their transaction
CFT
