Module 5
FRAUD AND
SCAM
What to do
SESSION OBJECTIVES
To identify the common
types of financial fraud and
scam
To know safety measures to
avoid being victims of
financial fraud and scam
DEPARTMENT OF EDUCATION
“Scamatayan”
3
DEPARTMENT OF EDUCATION
FINANCIAL FRAUD
INVESTMENT SCAM
Fraud A wrongful or criminal act, resulting
to a victim’s financial loss
Scam A dishonest, illegal scheme for
making money, one that involves
swindling or tricking victims
DEPARTMENT OF EDUCATION
COMMON TYPES OF FRAUD
• Card Replacement
• Card Cloning
Unauthorized financial
transactions made on a
victim’s account
• ATM Skimming
• ATM Jackspotting
DEPARTMENT OF EDUCATION
What to do
ATM SKIMMING, JACKPOTTING
DEPARTMENT OF EDUCATION
ATM Skimming Devices
HIDDEN CAMERA
SKIMMER PINPAD OVERLAY 7
DEPARTMENT OF EDUCATION
ATM Skimming Devices
DEPARTMENT OF EDUCATION
Protect yourself from ATM fraud!
Advisory on
ATM
Skimming
Advisory on
Undispensed
ATM
Witdrawal
DEPARTMENT OF EDUCATION
IDENTITY THEFT
Root cause of fraudulent financial
transactions
THEFT FRAUD
of victim’s personal and committed using stolen
bank/credit card account information to access victim’s
information account
DEPARTMENT OF EDUCATION
COMMON MODES OF IDENTITY THEFT
Phishing Vishing Spoofing
Shoulder Dumpster
Surfing Diving
DEPARTMENT OF EDUCATION
Have you seen a phishing email?
From: xyzbank@yahoo.com suspicious looking email address
Dear Internet Banking Customer, generic greeting
We have detected an unauthorized misspellings and
transaction from your internit banking account. In sometimes bad
grammar
order to ensure that your acount is safe and secure
please click here an update your account
immediately. link to spoofed website
sense of urgency
We hope to serve you better.
Regards, no contact information
XYZ Bank Internet Banking Help Desk
DEPARTMENT OF EDUCATION
How about this email?
suspicious looking email address
link to spoofed website
DEPARTMENT OF EDUCATION
Samples of other phishing emails
DEPARTMENT OF EDUCATION
Have you seen a spoofed
website? The correct PayPal url or
website address is:
https://www.paypal.com
DEPARTMENT OF EDUCATION
How to
check if
website
is fake…
DEPARTMENT OF EDUCATION
How to check if website is fake…
Not the correct url
for Amazon
DEPARTMENT OF EDUCATION
What to do
Protect
yourself
from
phishing
and
spoofing!
DEPARTMENT OF EDUCATION
Protect your
accounts!
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
COMMON TYPES OF SCAMS
You won...but pay You inherited…but I love you…but I Pay me…or else your
me shipping fees pay me lawyer’s fees need money files/life/loved ones are gone
Unexpected Unexpected Dating, Threat,
Prize Scam Money Scam Romance Scam Extortion Scam
DEPARTMENT OF EDUCATION
COMMON TYPES OF SCAMS
Please donate…to a I lost everything while Work from You were billed wrong…
fake charity traveling…send money home…but pay first text amount to...
Donation, Travel Troubles Job Offer Text Scam
Charity Scam Scam Scam (Many Kinds)
DEPARTMENT OF EDUCATION
INVESTMENT SCAMS
PONZI SCAM PYRAMID SCAM
No legitimate businesses or
investments
Main source of funds are money from
new recruits or investors
DEPARTMENT OF EDUCATION
Ponzi Pyramid
Focus on cash investment Focus on products and
and recruitment recruitment
Promises high interest/return on Products have
investment within a short time little or no real value
period
Earns from cash investment paid Members are compensated
by new recruits based on new recruits and
downlines
Protect yourself from investment scams!
DSAP 8-Point Test
If the answer to any of the
questions is NO, it might be a
SCAM!
Source: Direct Selling Association of the Philippines
DEPARTMENT OF EDUCATION
Protect yourself from investment scams!
Do not believe offers that are too good to be true (double your
money, no risk, returns guaranteed).
Check if company is licensed by the Securities and Exchange
Commission (SEC). Report suspicious companies to SEC.
Verify if investment product being sold is also licensed by SEC
(secondary license). Report suspicious investment products and
activities to SEC.
DEPARTMENT OF EDUCATION
Dark Man
DEPARTMENT OF EDUCATION
REMEMBER…
Protect your personal and account
information.
Report suspicious account transactions to
your Financial Institution immediately.
Offers that are too good to be true, are usually
not true.
Report suspicious investment schemes to SEC
and/or NBI.
DEPARTMENT OF EDUCATION
Module 5
FRAUD AND
SCAM
