Las Vegas, NV (KXNT) - A leading cloud-based financial crime management platform is out with a study on fraud and scams and it shows that Las Vegas residents really need to be on their toes.
Feedzai says that, far and away, Las Vegas is the riskiest city for fraud attempts, with incidents of fraud up over 400 percent from 2020
The riskiest cities were:
1) Las Vegas (with fraud up 411%)
2) New York (up 396%)
3) Charleston (up 251%)
4) Nashville (up 193%)
5) San Diego (up 97%)
With fraud on the rise, the report also identified the top five fraud scams in the second quarter of 2021. Purchase scams, a type of scam where consumers pay for products or services that never arrive, took the top spot due to the overall increase in online shopping. In another indication of consumers relying more and more on their mobile phones, smishing scams made the top five list for the first time. Smishing is the SMS version of phishing, where fraudsters send text messages to trick consumers into clicking dangerous links and sharing personal information.
The top five fraud scams were:
1) Purchase scams
2) Social engineering scams
3) Impersonation scams
4) Account Takeover (ATO) Fraud
5) Smishing scams
You can read Feedzai’s full report here.