Easy Prey3 Jul 2024

Protecting Financial Accounts From Scams and Fraud with John Buzzard

Thieves used to rob banks and steal physical money, but in a digital world, it is much easier to sit behind a keyboard and deceive you into giving it to them. Fortunately, there are specific things you can do to protect your finances before scammers get into your accounts.

Today's guest is John Buzzard. John is a nationally recognized financial industry fraud expert who has delivered significant influence in credit card fraud, risk, and security services for financial institutions throughout the United States.

Show Notes:

[0:56] - John shares his background and what he does currently in the financial industry fraud space.
[2:31] - Everything old is new again. Things come back in a cyclical fashion but have a new digital spin.
[3:49] - There's a price to pay for convenience especially if we don't keep an eye on things and be aware of what can go wrong.
[5:19] - Be conscious of where you bank and make purchases.
[7:46] - Set up alerts so any activity in your bank accounts, including deposits, is made known.
[11:34] - There are different viewpoints on freezing your credit.
[17:15] - There are some capabilities in apps that can block certain types of activity.
[20:35] - During and post-Covid, we have gotten into a "tap and go" contactless experience when making purchases.
[22:20] - New payment techniques are safe. John discusses Apple Pay as something secure that he likes to use for safety and convenience.
[25:40] - John explains card chips and what happens when they aren't working.
[27:59] - If there is fraud, it is handled differently if it is a chip transaction or a mag swipe.
[31:01] - John shares an experience in wanting to create a new PIN for an account.
[33:39] - What shouldn't you share on social media to help prevent scams and fraud?
[37:54] - When you have a complete stranger reaching out to you, no matter how they do it, they're job is to get you disturbed and upset so that you react.
[40:24] - Speaking in passcodes and passphrases is totally acceptable. That is often the thing a criminal does not have, even if they have your password.
[44:16] - From a resolution standpoint, when you go to your financial services provider, as a consumer you do have rights.

Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review.

Links and Resources:

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(329)

Job Recruiter Scams

Job hunting is hard enough without having to stop and ask whether the recruiter in your inbox is even real. My guest today, Jay Jones, ran into that problem firsthand after being laid off in December ...

24 Jun 35min

Bail Bonds Scams

Getting a call that someone you love has been arrested is scary enough. Getting that call from someone who sounds official, knows just enough to seem credible, and says you have to send money right aw...

17 Jun 36min

Confessions of a Fraudster

Technology keeps changing, but many of the most effective scams still come down to something very human: trust. My guest today is Tony Sales, co-founder of We Fight Fincrime and Underworld TV. Tony ha...

10 Jun 54min

Personal Safety

Scams and safety threats don't always announce themselves. Sometimes they start quietly, with a moment of distraction, a strange feeling you ignore, or a situation that shifts just enough to test whet...

3 Jun 43min

Data For Sale

Everyday conveniences ask for tiny pieces of information all the time like a phone number at checkout, a zip code at the register, an email address for a receipt, or a loyalty account for a small disc...

27 Mai 43min

Exploiting Psychology

Scams are often explained as a failure of judgment, but the truth is far more human. People are not fooled because they are foolish. They are manipulated at the exact moment emotion overrides logic, w...

20 Mai 45min

Investment Traps

Investment losses can be confusing because they do not always tell the whole story. Sometimes money is lost because the market has changed. Other times, an investor was sold something they did not und...

13 Mai 47min

Elder Exploitation

Aging parents often rely on the people closest to them for help, but what happens when that help becomes a way to take control? For Charles Wallace, the warning signs started small. His mother's fridg...

6 Mai 39min