A differentiated approach to tackling Investment Scams

Regarding Investment Scams, the deceptive transfer of funds can occur either during a live phone call between the victim and fraudster or when the victim is alone. For instance, they might receive an email with instructions on how to execute the investment opportunity.

In instances where the fraudster manipulates the victim into making a deceitful transfer while on the phone, behavioral biometrics intelligence can be leveraged. This involves scrutinizing the ongoing call to detect signs of hesitation, mouse doodling, phone motion, and the dictation of an account number. These behaviors are strong indications the fraudster is in the process of persuading the victim to make the transfer.

In cases where the victim completes the transfer independently, there are other revealing cues to consider — for instance, monitoring for the presence of high-risk applications such as cryptocurrency and dating apps, evaluating the transfer context, examining connections to new beneficiaries, noting repeated deposits, and scrutinizing transactions to high-risk account destinations.

Effectively countering investment scams necessitates a comprehensive analysis of behavioral, device, network, and application intelligence simultaneously. This gives financial institutions more insight and opportunity to shut down deceitful transfers before the purchase money is gone.