the Fraudian Slip Podcast: The SAS Institute – Latest Scams and What is Next

The SAS Institute talks with the Identity Theft Resource Center about the latest scams and what we can do to protect ourselves

• Scams have been around since 300 B.C. when Greek merchants thought it would be more profitable to buy an insurance policy on a shipment of corn, sink the ship, and get insurance money. The scam was then born.
• Today, the garden variety scammer has upgraded to the latest tech. However, the tales they use are as old as the ill-fated Greek salesman.
• The Identity Theft Resource Center (ITRC) sat down with the SAS Institute to discuss the latest scams, particularly digital and cryptocurrencies, and what we all can do to protect ourselves.
• You can learn more about scams, the next scam likely, and other topics discussed in this podcast by visiting our company website idtheftcenter.org.
• If you think you are the victim of an identity scam or crime, call the ITRC toll-free by phone (888.400.5530) or live-chat on our webpage to speak with an expert advisor.

Below is a transcript of our podcast

Welcome to The Fraudian Slip, the Identity Theft Resource Center’s (ITRC) podcast, where we talk about all-things identity compromise, crime and fraud that impact people and businesses. Listen on Apple, Google, Spotify, SoundCloud, Audible, and Amazon now. This month we are talking about the latest scams, what is the next scam likely, and what we all can do to stay safe.

Who doesn’t love a good low-effort, high-yield investment? Occasionally, those deals actually exist. However, more often than not, when our own desire to pad our bank account intersects with someone else’s desire for a quick buck, the result is a deduction, not an addition to our ledgers.

Scams have been around since at least 300 B.C., when a couple of Greek merchants thought it would be more profitable to buy an insurance policy on a shipment of corn, sink the ship, and get the insurance money. It didn’t turn out well. However, the scam was born and they’ve been around ever since.

Today, your garden variety scam artist has upgraded to the latest tech. With that said, the tales they weave to try to separate you from your cash or information are as old as our ill-fated Greek salesmen.

Here to help us find the line between fact and fiction with the latest scams is Diana Rothfuss, a Principal, Global Product Marketer in the Fraud and Financial Crimes space for the SAS Institute; and the ITRC’s own CEO Eva Velasquez.

We talked with Diana Rothfuss about the following:

• Who SAS is and what they do
• Latest scams seen by SAS (i.e., old schemes and how they are used in new ways)
• Digital and cryptocurrencies
• What is the next scam likely, and how we can protect ourselves

We talked with Eva Velasquez about the following:

• Latest scams seen by the ITRC
• How social media platforms have allowed more scams to occur
• What is the next scam likely and how we can protect ourselves

If you think you have been the victim of an identity scam or crime, want to learn more about the next scam likely, or want to avoid becoming a victim, you can speak with an expert advisor on the phone (888.400.5530), chat live on the web or send us an email during our normal business hours (6 a.m.-5 p.m. PST Monday-Friday). Just visit www.idtheftcenter.org to get started.

Be sure to join us next week for our sister podcast, the Weekly Breach Breakdown. We will be back next month for another episode of The Fraudian Slip.