DataVisor - Digital Fraud - August 2022 - A deep look at how banks can protect consumers from social engineering scams

What Banks Are Doing to Protect Consumers From Financial Scams

Digital Fraud Tracker® – August 2022

At a time when more consumers are being tricked into giving fraudsters access to their money and accounts, Valley Bank’s Milliesia Armogan explains why customer education is a bank’s best weapon in the fight against increasingly sophisticated social engineering fraud. Read more in this month’s “Digital Fraud Tracker®,” a PYMNTS and DataVisor collaboration.

Inside the August Tracker

  • An interview with Milliesia Armogan, assistant vice president, digital fraud investigations manager, fraud risk management at Valley Bank, about the difficulties in stopping social engineering fraud and the importance of customer education in prevention efforts
  • An in-depth look at why social engineering scams are so hard to combat and how businesses and governments are addressing these threats
  • The latest headlines from the digital fraud space, including the rise of social engineering scams on dating apps and in the crypto world as well as international efforts to fight these fraud vectors

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