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Play the FIS® fraud trivia game to learn more and see if you can outsmart the fraudsters
How much do you know about fraud?
You’re scrolling through Instagram, and you see the perfect present for your best friend. Turns out, it’s a scam, and you never receive it. Do social media scams have the highest losses of any fraud at $1.4 billion?
Question 1/5
Yes, and how dare they?
No, it’s actually cryptocurrency scams
Correct
According to the FTC, “Scams starting on social media accounted for the highest total losses at $1.4 billion – an increase of 250 million from 2022.” Is that pet portrait really worth it? Double check who the vendor is next time.
Source: The FTC
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Next question
There are so many unique types of fraud: job opportunities, travel and health care scams to name a few.
What type of fraud costs U.S. citizens the most?
Question 2/5
Imposter scams
Investment-related scams
Correct
Imposter scams cost U.S. citizens 2.67 billion dollars in 2023, if you can believe it.
Source: The FTC
Try again!
Next question
Who gets scammed more:
your 23-year-old Gen Z sister or your 66-year-old cousin?
Question 3/5
23-year-old Gen Z sister
66-year-old cousin
Correct
Twist! In 2021, Gen Xers, Millennials, and Gen Z young adults (ages 18-59) were 34% more likely than older adults (ages 60 and over) to report losing money to fraud.
Source: The FTC
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Next question
Tech Live Connect alerted your grandma through a pop-up that her computer had been infected with viruses and asked her to call and pay them to fix the issue. Was Tech Live Connect a hero or villain?
Question 4/5
Hero
Villain
Try again!
Correct
Tech Live Connect commits telemarketing fraud via tech support scams. Nexway, their payment processor, received a commission for each fraudulent charge, all the while knowing it was a scam. If you know someone susceptible to scams, help them do their research. Your grams will thank you. In fact, according to AARP, a person in their 80s may lose on average $1,450 per scam. Keep in mind that’s only the average! Many feel embarrassed or ashamed that they were taken advantage of, so that number is likely even higher from unreported fraudulent activities.
Source: The DOJ | Source: The AARP
Next question
According to the FTC, consumers reported losing how many dollars to fraud in 2023?
Question 5/5
$250 million
$10 billion
Try again!
Correct
Yes, you read that right, $10 billion dollars lost due to scams like fraudulent bank transfers and cryptocurrency and imposter scams where fraudsters impersonate business and government employees. If the deal sounds too good to be true, it likely is.
Source: The FTC
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FIS is a financial technology company providing solutions to
financial institutions, businesses and developers. We unlock financial technology that underpins the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients confidently run, grow and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses adapt to meet the needs of their customers by harnessing the power that comes when reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn, Facebook and X (@FISglobal).
About FIS
Unlock a cohesive financial ecosystem and insights for strategic decisions to expand operations while optimizing performance.
Money
at work
Unlock liquidity and flow of fundsby synchronizing transactions, payment systems, and financial networks without compromising speed or security.
Money
in motion
Unlock seamless integration and human-centric digital experiences while ensuring efficiency, stability, and compliance as your business grows.
Money
at rest
Leading smarter fraud prevention for a seamless, secure future. Our technology powers the global economy across the money lifecycle.
