Each year, we double the amount of publicly available information we share online, enabling individuals with dishonest intentions to easily locate this information and use it against us.
The Nilson Report, a reputable credit card industry publication, reported in August 2015 that losses from global credit card fraud hit $16.31 billion USD in 2014.
There are numerous, highly sophisticated online scams that promise to help people consolidate debts, lower interest rates, and help unqualified applicants obtain mortgages and loans. While some of these may be legitimate, many are created solely to gather personal and financial data for the purposes of fraud.
As technology continues to evolve, it is becoming easier to print fraudulent documents, transfer electronic funds covertly, and undertake large-scale fraudulent activities in a very short space of time, and with little obvious trace. Technology, and particularly encryption, offers anonymity, affording criminals the benefit of repeated attempts with little financial consequence or risk of detection.
Our Fraud and Identity-Theft prevention training program will reveal many of the techniques utilized by criminals to commit small- and large-scale fraud, to steal identities, and to conceal their activities online. This course is an essential tool for financial investigators in the banking, mortgage, insurance or any other financial-based industry.