Fraud and Scams: How They’re Different, How They’re Not – And How FIs Can Fight Them

Overview

We examine the typologies, the methods of and what can be done to spot and stop fraud.  The terms ‘fraud’ and ‘scam’ are often used interchangeably, and they unquestionably share some important similarities. Fraud involves deliberate acts of deception with the intent to obtain a gain, cause a loss or expose others to the risk of loss. In this webinar, we examine the typologies of both frauds and scams, to strengthen institutional efforts to detect and disrupt these all-too-common financial crimes.