Understanding Fraud Schemes & Scams

A guide to common scenarios used by fraudsters to victimize your customers.

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Updated February 2020

Fraud is constantly evolving — it is the one truth within the industry — and increasingly fraudsters are targeting your customers to commit it.

This guide will help those combating fraud within financial institutions learn more about scam scenarios, including BEC fraud, romance, employment, loan and lottery scams.

This guide to scams answers the following questions:

  • What is this scam?
  • Who is at risk?
  • How does it work?
  • What are the indicators?
  • How to mitigate the risk?
  • PLUS: includes a convenient one-page Quick Reference Guide to print and share with front line staff.

Tagged as...

  •   Business Email Compromise
  •   Deposit Fraud
  •   Elder Financial Abuse
  •   Fraud
  •   Fraud Scams
  •   Red Flags