{"id":5222,"date":"2020-10-03T08:11:18","date_gmt":"2020-10-03T07:11:18","guid":{"rendered":"https:\/\/sigbi.org\/bristol\/?p=5222"},"modified":"2020-10-03T08:15:08","modified_gmt":"2020-10-03T07:15:08","slug":"speaker-zoom-meeting-september-14th-2020-frauds-and-scams-in-financial-services-ryan-taylor-natwest-bank","status":"publish","type":"post","link":"https:\/\/sigbi.org\/bristol\/2020\/10\/03\/speaker-zoom-meeting-september-14th-2020-frauds-and-scams-in-financial-services-ryan-taylor-natwest-bank\/","title":{"rendered":"Speaker Zoom Meeting September 14th 2020:\u00a0 Frauds and Scams in Financial Services – Ryan Taylor NatWest Bank"},"content":{"rendered":"

\"\"<\/a>We were very pleased to welcome Ryan Taylor from NatWest Bank who enlightened us on frauds and scams in financial services.<\/strong><\/p>\n

He said that 1 to 2 billion pounds is lost every year due to fraud and scams. This money often goes to terrorist organisations as well as criminal gangs. Only 5% is ever reported due to reluctance, embarrassment and allied issues.<\/p>\n

Often the object is gaining information as much as getting money. If a data base is accessed, the details can be sold on to various criminal gangs until eventually \u201cyou\u201d end up on a \u201csuckers\u201d list! \u00a0People on this list tend to be targeted multiple times.\u00a0 The approach used by scammers includes charm, sympathy, and helpfulness but if you show signs of non-acceptance the approach ends up with threats and intimidation.\u00a0 Many fraudsters are articulate post graduate students, who have found it a lucrative way to make money.\u00a0 There are different types of fraud where personal details are given to the fraudsters:<\/p>\n