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Fraud Wise

Fraud Wise

By CoBank Fraud Wise

CoBank’s Fraud Wise helps you avoid becoming a victim of fraud.
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Fraud Wise S1E4: Internal Controls

Fraud WiseApr 22, 2020

00:00
02:23
Spam, Phishing, Ransomware & Other Malware

Spam, Phishing, Ransomware & Other Malware

In this month’s episode of Fraud Wise, we’re taking a deeper dive into cybersecurity and sharing information on how you can avoid falling victim to spam, phishing and different types of malware, including ransomware.

Ransomware has been on the rise, and agricultural companies in particular have been a target. Tune in to learn how to identify these types of fraud, tips what to look out for and what to do if you suspect malware has been installed on your computer.

Oct 18, 202303:14
Positive Pay - Auto Pay

Positive Pay - Auto Pay

CoBank’s Check and ACH Debit Positive Pay is a great way to monitor payments, helping protect against altered and counterfeit checks. We’ll also discuss the importance of auto pay settings, the difference between commercial and consumer accounts, the review process and more.

Aug 22, 202302:51
Avoiding Social Engineering

Avoiding Social Engineering

Social engineering is essentially a con game where a criminal tries to trick a victim into doing something, or sharing private information that the criminal can then use to their advantage. This can happen in person, on the phone or via email. Tune in to learn how to identify these types of cyberattacks and how to avoid becoming a victim of fraud.

Jun 20, 202303:13
Fraud Wise S2E12: Resources and Best Practices to Find and Report Fraud

Fraud Wise S2E12: Resources and Best Practices to Find and Report Fraud

We know that fraud is becoming more and more prolific so we’ve dedicated this last episode in 2021 to provide you the resources and best practices to find and report fraud. Taking quick and effective action is the best way to resolve an immediate fraud issue and help prevent fraud from continuing. 

Dec 15, 202103:07
Fraud Wise S2E11: Preventing Internal Business Fraud

Fraud Wise S2E11: Preventing Internal Business Fraud

While businesses don’t want to think they could have issues, the reality is that no company is 100% safe from internal fraud. It is important for companies to be aware of potential threats and take the necessary steps to help protect themselves. This month’s episode of Fraud Wise discusses the indicators to look out for in detecting internal fraud.

Nov 23, 202103:03
Fraud Wise S2E10: Don’t Fall Victim to Robocalls and Texts

Fraud Wise S2E10: Don’t Fall Victim to Robocalls and Texts

Robocalls and robotexts are leading to $10 billion a year in fraud. If you answer the phone and hear a recorded message instead of a live person, it’s a robocall. If you’re getting a lot of robocalls trying to sell you something, odds are the calls are illegal and, most likely, a scam. Learn the tips on how to handle roboscams and how to reduce the volume of these types of calls. 

Oct 20, 202102:57
Fraud Wise S2E9: Avoiding Malware Attacks

Fraud Wise S2E9: Avoiding Malware Attacks

Malware, malicious software that installed on a victim’s computer without their knowledge, can take several forms including ransomware and crimeware, session hijacking, and key logging. Learn the different ways to identify these types of cyberattacks and how to avoid being a victim.

Sep 22, 202105:02
Fraud Wise S2E8: Tips and Tricks to Prevent Fraud

Fraud Wise S2E8: Tips and Tricks to Prevent Fraud

In this month’s episode of Fraud Wise, learn some tips and tricks that can be critical in preventing fraud.

Fraud has been on the rise and it was so prevalent in 2020 that it’s more important than ever to place a spotlight on prevention. The Federal Trade Commission’s Consumer Sentinel Network database received more than 4.7 million fraud reports last year from an array of entities—from the BBB and consumers, to federal, state and local law enforcement agencies.

Aug 18, 202102:51
Fraud Wise S2E7: The Consequences of Being a Fraud Victim

Fraud Wise S2E7: The Consequences of Being a Fraud Victim

2020 was a peak year for fraud. The Federal Trade Commission recently reported they received more than 2.1 million fraud reports from consumers in 2020. The consequence was a reported $3.3 billion during the year, an astronomical increase from just $1.8 billion in 2019. Learn how to protect yourself against the consequences of fraud.

Jul 21, 202103:45
Fraud Wise S2E6: How to Avoid Social Engineering Scams

Fraud Wise S2E6: How to Avoid Social Engineering Scams

Social engineering scams, or con games in which a criminal tricks a victim into sharing information or taking an action, are widespread and take advantage of unaware businesses or individuals. Falling for these scams can expose you or your business to significant financial and business risk. Learn how to protect against these scams.

Jun 16, 202102:48
Fraud Wise S2E5: How Fraudsters Use Email to Trick Victims

Fraud Wise S2E5: How Fraudsters Use Email to Trick Victims

More emails are being sent every day than ever before. And, unfortunately, more and more of the emails we receive might be socially-engineered attempts to commit fraud. Fraudsters can use several tricks to commit email fraud including spoofing, hacking, and masking. Learn how to detect and protect yourself against these scams.

May 19, 202104:23
Fraud Wise S2E4: Consumer Fraud Scams On the Rise

Fraud Wise S2E4: Consumer Fraud Scams On the Rise

These days, everyone is especially vulnerable when it comes to consumer fraud. In particular, over the past year during COVID-19, new types of scams have surfaced—from pandemic-related fraud to consumer and social engineering scams, which are on the rise.

Apr 21, 202104:20
Fraud Wise S2E3: Protect Yourself from Counterfeit Check Fraud

Fraud Wise S2E3: Protect Yourself from Counterfeit Check Fraud

Most people are aware of the danger of having a check—or blank check stock—stolen and how this can lead to altered check fraud. However, perpetrators of check fraud have another tool in their arsenal of deceit -- creating counterfeit checks using their own paper, but with your legitimate account and bank routing numbers. In this month’s episode of CoBank’s Fraud Wise, the monthly audio program focusing on the fraud and security risks faced by organizations and individuals, learn how to protect yourself and your business from becoming a victim of counterfeit check fraud. 

Mar 17, 202103:03
Fraud Wise S2E2: Check Fraud May Be Old School, but It’s Still a Major Risk

Fraud Wise S2E2: Check Fraud May Be Old School, but It’s Still a Major Risk

With so much focus on cyber security and internet hacking, it’s easy to forget that there are some old school frauds still being perpetrated today. One of these cons is check fraud, and both individuals and companies are at risk. In this month’s episode of CoBank’s Fraud Wise, the monthly audio program focusing on the fraud and security risks faced by organizations and individuals, learn how to protect yourself and your business from becoming a victim of check fraud.

Feb 17, 202102:52
Fraud Wise S2E1: Avoid Falling Victim to Fraudulent Payment Requests

Fraud Wise S2E1: Avoid Falling Victim to Fraudulent Payment Requests

On an annual basis, the FBI receives at least 467,000 cybercrime complaints, causing as much as $3.6 billion in losses. In many of these cases, the fraudster posed as a contracted vendor and sent an email, letter or phone call asking for payments to be made to a new bank account. Don’t be the next victim of a cybercrime attack. In this month’s episode of CoBank’s Fraud Wise, the monthly audio program focusing on the fraud and security risks faced by organizations and individuals, learn the red flags that can help identify fraudulent payment requests.

Jan 21, 202102:49
Fraud Wise S1E12: Dealing with a Fraud Incident

Fraud Wise S1E12: Dealing with a Fraud Incident

In previous episodes of Fraud Wise, we talked about the types of fraud risks you may face, how you can prevent them, and how you can mitigate the financial and business repercussions in general terms. In this episode, we’ll talk about what to do immediately following a fraud incident, and in the days that follow.

Dec 18, 202002:08
Fraud Wise S1E11: Counterfeit Check Fraud

Fraud Wise S1E11: Counterfeit Check Fraud

Most people are aware of the danger of having a check—or blank check stock—stolen and how this can lead to altered check fraud. But fraudsters can also create counterfeit checks using their own paper, but with your account and bank routing numbers.  All they need is the numbers – and then they can commit any number of scams.

Nov 18, 202003:10
Fraud Wise S1E10: Company Impersonation Scams

Fraud Wise S1E10: Company Impersonation Scams

Social engineering scams are widespread and varied, and can take advantage of the unaware business or individual. In this episode, we’re talking about a form of social engineering called company impersonation scams.

Oct 21, 202002:24
Fraud Wise S1E9: Symptoms of Malware

Fraud Wise S1E9: Symptoms of Malware

In this episode of Fraud Wise, we’re talking about some warning signs that malware has been installed on your computer to compromise your data and account information—and more.

Sep 23, 202001:60
Fraud Wise S1E8: Payment Protection

Fraud Wise S1E8: Payment Protection

In this episode of Fraud Wise, we’re talking about three ways you can protect your payments from fraud.


Aug 26, 202002:02
Fraud Wise Special Edition: EIDL Loan Impersonation

Fraud Wise Special Edition: EIDL Loan Impersonation

In this special edition of CoBank’s Fraud Wise, we’ll be talking about a large-scale impersonation scam involving a specific type of loan related to the Small Business Administration's COVID-19 pandemic relief. Although CoBank is not involved in any way, we encourage all of our customers to review the program and assess whether they are at risk.


Aug 07, 202003:30
Fraud Wise S1E7: Altered Check Fraud

Fraud Wise S1E7: Altered Check Fraud

Any time we mail a paper check, there's a risk of it being stolen. What's the downside of a stolen check? The thief can alter the check to gain access to your money, and change the amount to something much higher, even so far as to clean out your bank account. In this episode of Fraud Wise we’re talking about ways to protect yourself from altered check fraud.

Jul 21, 202002:51
Fraud Wise S1E6: Internal Impersonation Scams

Fraud Wise S1E6: Internal Impersonation Scams

For most employees, when the CEO or CFO asks you to do something, you jump right to it. Unfortunately, that may not always be the best move when it comes to financial transactions. In this episode of Fraud Wise we’re talking about impersonation scams, in which unwitting employees follow directions—with unfortunate results.

Jun 17, 202002:12
Fraud Wise S1E5: Cyber Account Takeover

Fraud Wise S1E5: Cyber Account Takeover

CoBank’s Fraud Wise helps you avoid becoming a victim of fraud. In this episode of Fraud Wise, we’re talking about malware and the risk of account takeover, potentially locking down your systems, stealing customer data and taking funds from your accounts.

May 20, 202002:14
Fraud Wise S1E4: Internal Controls

Fraud Wise S1E4: Internal Controls

CoBank’s Fraud Wise helps you avoid becoming a victim of fraud. It’s a sad fact that employees are sometimes responsible for fraud against their own companies, potentially stealing significant amounts of money. In this episode of Fraud Wise, we’re talking about internal controls you can put in place to reduce your risk of employee fraud.

Apr 22, 202002:23
Fraud Wise Special Edition: COVID-19 Scams

Fraud Wise Special Edition: COVID-19 Scams

In this special edition of CoBank’s Fraud Wise, we’ll be talking about new cyber-scams and social engineering attempts that capitalize on fears related to the COVID-19 pandemic, as fraudsters look for every opportunity to take advantage of the weakest link in cybersecurity — the human element.

Mar 30, 202004:25
Fraud Wise S1E3: Check Fraud

Fraud Wise S1E3: Check Fraud

CoBank’s Fraud Wise helps you avoid becoming a victim of fraud. In this episode, we’ll be talking about check fraud. With so much focus on cyber security and internet hacking, it’s easy to forget that there are some old school frauds still being perpetrated today. One of these cons is check fraud.

Mar 11, 202002:48
Fraud Wise S1E2: Social Engineering in Email

Fraud Wise S1E2: Social Engineering in Email

CoBank’s Fraud Wise helps you avoid becoming a victim of fraud. In this episode, we’ll be talking about social engineering in email. More emails are being sent every day than ever before. And unfortunately, more and more of the emails we receive might be socially-engineered attempts to commit fraud.

Feb 12, 202004:36
Fraud Wise S1E1: Malware

Fraud Wise S1E1: Malware

CoBank’s Fraud Wise helps you avoid becoming a victim of fraud. In this episode, we’ll be talking about malware, or malicious software, that’s installed on a victim’s computer without their knowledge and with the intent of doing them harm.

Jan 22, 202004:35