Scammers using social media to dupe people into becoming money mules

Fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology, according to Feedzai. The report reveals that while 56% of respondents have been a victim of a financial scam, many still lack the knowledge to detect and distinguish between the various types of financial crime. Consumers demand accountability Consequently, many consumers believe the responsibility for reimbursement lies with their bank, with … More →

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