Two in five adults experienced some kind of financial fraud or scam during the past year, a 34% increase over the same period a year earlier, a new Bankrate survey found. What’s driving this increase?
Financial scams are becoming more common because of the many different touch points you can have with scammers and the rapid proliferation of new technologies, especially artificial intelligence.
Sarah Foster, a U.S. economic analyst at Bankrate to dive into how fraudsters could be targeting your finances, and what you can do about it.
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HOW TO SPOT A “RED FLAG” (THE BEHAVIORAL AUDIT)
Keep an eye out for these behavioral shifts in your staff:
Refusal to take leave: Afraid someone will find their “adjustments.”
Unexplained wealth: Buying luxury items that don’t match their known salary.
Working odd hours: Preferring to work alone late at night when no one is watching the system.
“Gatekeeper” behavior: Becoming overly defensive or angry when someone asks to see their records.