In an era of rapidly evolving technology and artificial intelligence (AI), financial scams are becoming increasingly sophisticated. A Bankrate Financial Fraud survey revealed that close to one in three adults in the U.S. have experienced financial fraud in the past 12 months.

Theresa Fadel, vice president of Fraud & Business Enablement at Desert Financial Credit Union, knows all about fraudulent banking scenarios, but she’s also armed with the knowledge of how consumers and businesses can remain on guard and protected.

The most common types of financial scams

Unfortunately, threat actors keep pace with technological advancement, becoming more savvy in their attempts to gain access to financial information.

Some of the ways fraudulent players try to pry their way into banking accoun

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