The cost of identity fraud and scams resulted in an estimated $52 billion in losses in 2021. And that only accounts for what is reported. Many victims never come forward because they feel ashamed or embarrassed. We are all at risk, all potential targets. However, fraud can take an emotional toll on people, especially the most vulnerable among us. Here is what the true #HumanSideofFraud looks like.
Mule Account Victims Beware: How Stolen Identities Lead to Money Laundering
Impostor scams and identity theft were the most common complaints made by consumers last year. Stolen identities can be used for more than just stealing money from a victim’s account. In some cases, criminals use a legitimate customer’s account to move stolen money or to open new accounts to do so.
Actionable Behavioral Insights Start Here
