While we have all received an email promising us millions of dollars in exchange for fronting a small fee to help a Nigerian prince recover his money that is stuck in a savings or a Western Union account… or maybe the prince just needs your help to skirt tricky international banking regulations to transfer his money.

This scam has been around so long that it has spawned its own memes, and most of us would not be even slightly tempted to fall for the promised riches. However, that does not mean there are not countless other international fraudsters and schemes that can trick people into taking the bait.

As part of its Government Influencer Series, the Thomson Reuters Institute recently hosted a webinar, , to discuss the evolution of global fraud. The panelists discussed with moderator Gina Jurva, manager of market insights and thought leadership for corporate and government with the Thomson Reuters Institute, how we can all increase our awareness of these schemes and help to prevent these crimes from victimizing us and other.

Recent developments in global fraud

The panelists began by providing an overview of the developments in global fraud in the last several months. Although technology continues to evolve, “criminals are driven by greed and a lack empathy for victims,” said panelist James Robnett, Deputy Chief IRS Criminal Investigation, identifying data breaches as a “fertile source” of personal information that criminals use for schemes, including filing false…

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