There are numerous possible mechanisms through which a fraudster can attempt to gain access to sensitive information and/or assets. The most common scams relevant to Vaulltix’s client-advisor relationships broadly mimic the underlying themes of these examples:
- A fraudster gathers information about a client and uses this to impersonate the true client, gaining access to the client assets via the financial services provider.
- A fraudster impersonates a financial services provider and convinces the client share confidential information or pay an illegitimate invoice.
Social engineering tactics are plentiful. They may offer you advice over the telephone, request payment from you, or they mail email you links to bogus websites.