Fraud

The Overoptimism of Gen Z Youth Almost Assures More Scams – 2024

The Overoptimism of Gen Z Youth Almost Assures More Scams

Sorry Gen Z, You are Going to be Scammed at a Rate 10x that of the Elderly! Why Gen Z and Millennials’ Overconfidence in Handling Fraud May Be Unrealistic—and Costly

Primary Category: Psychology of Scams

Author:
•  Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

About This Article

Gen Z and Millennials are facing fraud at alarming rates, partly due to overconfidence in their ability to spot scams and protect themselves online. This overconfidence is largely driven by cognitive biases and logical fallacies, such as optimism bias, which leads them to believe that bad things won’t happen to them, and the Dunning-Kruger effect, where limited knowledge makes them feel overly secure in handling fraud. Additionally, logical fallacies like “appeal to tech savviness” make them assume that tech familiarity equals fraud prevention skills.

Read More …

Broken Windows Theory of Policing to Reduce Online Crime – 2024

Broken Windows Theory of Policing to Reduce Online Crime

Exploring Ways that Online Platforms Have Neglected Their Users and Not Consistently Enforcement Their Own Rules

Primary Category: Online Criminology

Author:
•  Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

About This Article

The “Broken Windows” theory of policing, which emphasizes addressing minor infractions to prevent more serious crime, can be applied to combat online crime by maintaining order in digital spaces.

As online crime has surged in recent years, platforms need to focus on strict enforcement of rules against small offenses like spam, fake accounts, and minor cyber threats to prevent escalation into larger issues like identity theft, phishing, or hacking. By proactively monitoring activity, empowering users to report suspicious behavior, and fostering a secure online environment, platforms can create a culture of accountability.

Swift action against minor misconduct, collaboration with cybersecurity experts, and maintaining visible security measures can help prevent serious cybercrime and establish trust among users.

The Theory of Broken Windows in Policing Can Help With Reduce Online Crime

For the last two and a half decades, we have seen a continuous increase in online crime. The only real reductions took place in 2017 through 2019, but since then it has been growing at 70+% per year.

A theory that sheds some light on this is the ‘Broken Window’ theory of policing.

What is the Broken Windows Theory of Policing?

The “Broken Windows” theory of policing, developed by social scientists James Q. Wilson and George L. Kelling in the early 1980s, suggests that visible signs of disorder and neglect, such as broken windows, graffiti, or public loitering, can lead to an increase in crime. The idea is that if minor issues are not addressed, it creates an environment where more serious crimes are more likely to occur.

Key principles of the theory:

  • Disorder Breeds Crime: Small signs of neglect, like a broken window, signal that no one is taking care of the property or neighborhood. This perceived lack of oversight can encourage further disorder, leading to more serious criminal activity.

  • Prevention Through Maintenance: By addressing minor offenses like vandalism, public intoxication, or fare evasion, police and communities can maintain order and prevent an escalation into more serious crimes. The theory supports the idea that maintaining a well-ordered environment helps prevent crime from taking root.

  • Community Involvement: It also emphasizes the role of community members in keeping neighborhoods safe. When people actively care for and maintain their surroundings, it can create a sense of shared responsibility, discouraging criminal behavior.

Critics of the theory argue that it has sometimes led to over-policing and disproportionately affects marginalized communities. Nonetheless, it has influenced policing strategies like “zero-tolerance” approaches, particularly in cities like New York in the 1990s.

Understanding ‘Broken Windows’ in the Online Space

The “Broken Windows” theory can be applied to online crime by emphasizing the importance of addressing minor Read More …

Have You Ever Considered That The Explosion Of Scams Was Purposeful Beyond Simple Crime? A Political Science Editorial – 2024

Have You Ever Considered that the Explosion of Scams Was Purposeful Beyond Simple Crime?

Sometimes Conspiracy Theories Are Real! A Political Science Editorial

Primary Category: Editorial & Commentary

Author:
•  Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

About This Article

The increasing prevalence of scams, online fraud, and fear-inducing tactics pose significant risks to societal stability and economic security. These strategies can weaken social cohesion, undermine trust in institutions, and erode confidence in both economic and political systems, making the population more vulnerable to manipulation and control.

Those in power may exploit a traumatized populace by amplifying fears and offering solutions that appear to address these concerns, but which ultimately serve to consolidate authority and reduce public resistance. This dynamic can lead to a more passive and compliant society, where fear and anxiety are used to justify actions that might undermine democratic principles.

Read More …

Pokémon Card Scammers Arrested By FBI – 2024

Pokémon Card Scammers Arrested By FBI

The FBI has arrested Anthony Curcio and Iosif Bondarchuk for operating a nationwide scam involving sports and Pokémon trading cards.

Primary Category: Criminal Justice

Authors:
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
•  Federal Bureau of Investigation

About This Article

The FBI has arrested Anthony Curcio and Iosif Bondarchuk for operating a nationwide scam involving sports and Pokémon trading cards. Charged with conspiracy to commit wire fraud and wire fraud, the duo allegedly manipulated the market by misrepresenting low-to-mid grade cards as high-grade, authenticated by a reputable grading company, causing victims to overpay and resulting in over $2 million in fraudulent sales.

The scheme, which spanned from 2022 to May 2024, involved selling cards with falsified grades through online marketplaces and in-person venues. Curcio and Bondarchuk used fake identities to conceal their involvement, even after victims confronted them.

The case highlights the FBI’s commitment to combating fraud and protecting consumers in the collectibles market.

Read More …

UK Government: Social and Psychological Implications of Fraud – 2024

UK Government: Social and Psychological Implications of Fraud

Psychology of Scams

Authors:
•  UK Parliament – Government of the United Kingdom
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.

About This Article

Fraud poses a significant threat to the UK, with 4 in 10 offences targeting individuals. The government’s 2023 Fraud Strategy aims to combat this, emphasizing victim support and prevention.

While stereotypes of elderly victims persist, fraud risks vary due to psychological and social factors. Beyond financial loss, fraud inflicts emotional and psychological harm.

Victims often report fraud to banks rather than authorities. Effective prevention strategies involve education and enhanced victim care. This POSTnote underscores the multifaceted nature of fraud and the need for comprehensive, collaborative approaches to mitigate its impact on individuals in England and Wales.

Read More …

Meta Platforms (Facebook & Instagram) Caught Lying About The Number of Real Users To Advertisers 2024

Meta Platforms (Facebook & Instagram) Caught Lying About The Number of Real Users To Advertisers

Courts Rule They Can Be Sued for Misrepresentation (a.k.a. Fraud)

Authors:
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
•  By Jonathan Stempel, Reuters

About This Article

The 9th U.S. Circuit Court of Appeals ruled in a 2-1 decision that Meta Platforms, owner of Facebook and Instagram, must face a class-action lawsuit filed by advertisers. The lawsuit alleges Meta overcharged advertisers by fraudulently inflating the potential reach of their ads, using metrics based on social media accounts rather than actual people, leading to potential viewer overestimations of up to 400%.

While the court allowed advertisers to sue for damages as a group, it decertified a separate class seeking injunctive relief. Advertisers estimate Meta may owe over $7 billion in damages. Meta, with ads generating most of its revenue, has yet to comment.

Read More …

Susceptibility To Deception/Scams/Fraud With Victims Who Also Suffer From Mental Disorders – 2024

Susceptibility To Deception/Scams/Fraud With Victims Who Also Suffer From Mental Disorders

Helping Scam Victims and their Families Better Understand the Impact of Deception, Scams, or Fraud on those with Mental Disorders

Scam Victim Recovery Psychology

Authors:
•  Vianey Gonzalez B.Sc(Psych) – Licensed Psychologist Specialty in Crime Victim Trauma Therapy, Neuropsychologist, Certified Deception Professional, Psychology Advisory Panel & Director of the Society of Citizens Against Relationship Scams Inc.
•  Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.
•  Based on research by the United States National Institute of Mental Health

About This Article

Individuals with diagnosed mental disorders are not only profoundly susceptible to deception but can be even more vulnerable to scams or fraud. Mental disorders can significantly impact cognitive functions and decision-making abilities, potentially increasing susceptibility to scams.

This article examines the relationship between the top ten common mental disorders and vulnerability to deception, scams, and fraud, emphasizing affected brain functions. While it serves as an introduction to the subject, individuals are advised to consult their doctor for personalized guidance.

Read More …

UK Engaged In Massive Crackdown on Fraud – Over 400 Arrests – 2024 [VIDEO]

UK Engaged In Massive Crackdown on Fraud – Over 400 Arrests

Authors:
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
•  UK National Crime Agency

About This Article

Operation Henhouse, a UK law enforcement/police campaign targeting fraud and scams, resulted in over 400 arrests and £19 million seized across February and March 2024. Coordinated by the National Economic Crime Centre and City of London Police, it involved all UK police forces and agencies like the Financial Conduct Authority and National Crime Agency.

The crackdown aimed to combat the pervasive threat of fraud, which accounts for 40% of UK crime reports and costs £6.8 billion annually. With substantial arrests and disruptions nationwide,

Read More …

NACHA Changes Credit-Push ACH Payments Rules To Fight Scams & Fraud – 2024

NACHA Changes ACH Credit-Push Payments Rules To Fight Scams & Fraud

Placing More Responsibility on the Financial Services Sector to Police Scams & Fraud

Authors:
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
•  NACHA

About This Article

Nacha members have endorsed rules to combat fraud, including business email compromise (BEC), leveraging credit-push payments. These rules mandate ACH payment monitoring for all network participants (excluding consumers), marking a pivotal shift.

Despite not altering liability, recipient financial institutions (RDFIs) gain a monitoring role for the first time. With BEC scams, vendor impersonation, and payroll fraud causing significant losses, the need for action is urgent.

Read More …

The Global Fraud Summit In The UK – 2024

The 2024 Global Fraud Summit In The UK

Addressing Global Fraud & Cybercrimes

Authors:
•  SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
•  UK Home Office

About This Article

The historic Global Fraud Summit, held in the UK on March 10-11, 2024, brought together world leaders, industry experts, and representatives from multiple continents to tackle the growing threat of global fraud.

The summit aimed to foster international collaboration, raise public awareness, and develop strategies to disrupt criminal operations and prevent future scams.

A key outcome was the establishment of a joint communique outlining areas of focus, including information sharing, law enforcement cooperation, public education campaigns, and technological solutions.

This summit signifies a major step towards a more unified global front against fraud.

Read More …

Fraud & Scams Are So Big We Need To Teach It In Schools – 2024

Fraud & Scams Are So Big We Need To Teach It In Schools

An Editorial About The Need To Share Anti-Fraud Information With Children!

Authors:
•  Yaniv Hanoch, Professor in Decision Science, University of Southampton
•  Stacey Wood, Professor of Psychology, Scripps College

Article Abstract

The growing prevalence of fraud demands a critical shift in education, urging the inclusion of anti-fraud teachings in school curricula. With fraud cases rising by 25% in the UK alone, encompassing over 40% of individual crimes, the traditional view of fraud as an issue solely affecting the gullible or vulnerable is outdated.

Read More …

The Importance Of Taxonomies In Understanding Scams Fraud & Cybercrimes – 2023

The Importance Of Taxonomies In Understanding Scams Fraud & Cybercrimes

Criminology

Author:
•  Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

Article Abstract

The article delineates the paramount significance of taxonomies in criminology, cybersecurity, fraud prevention, and law enforcement, emphasizing their role in creating unified frameworks for understanding criminal behavior.

Read More …