Cyber criminals and fraudsters are trying to attract people to click suspicious links, download email attachments, or "connecting" social media, which are also gateways to stealing confidential information. Fraudsters may pose as legitimate organizations, like Syracuse Group, and create fraudulent websites, send emails, or make phone calls to solicit monetary payments.
Malicious Emails and Websites:
An unsuspecting e-mail from your bank or your favorite retailer could secretly be an attempt to steal your identity or personal information. "Phishing" is a common tactic of cyber criminals who rely on "spoofed" e-mails or fraudulent websites (which look and feel like a well-known website) to collect personal and Financial details or infect your computer with malware and viruses. Criminals use the stolen information to commit identity theft, credit card fraud and other crimes. Phishing is becoming increasingly prevalent on social media and professional networking sites.
Social Media Impersonation:
Criminals are increasingly using social media to build relationships with victims and ultimately to steal data. Typically, these actors create fake accounts that appear (and claim) to be the official accounts of an individual or organization. Social media impersonation may also refer to the acquisition of real accounts. These accounts may be used for phishing activities or may cause damage to the reputation of an individual or a company.
Investment scams involve getting you or your business to agree to a financial transaction without proper research and send money directly to the company. To determine if you are the victim of an investment scam, consider:
- Was I asked to pay an advance fee? In an advance fee scheme, you are persuaded to pay money up front to take advantage of an offer promising significantly more in return.
- Never give credit card details to anyone you don’t know or trust. Don't agree to transfer money or goods to another person: money laundering is a criminal offence.
- Any contact with Syracuse Group will come from a @syracusegroup.com e-mail address (not from a free email account such as Yahoo, Gmail or any other domain outside of “@sg.com”) and/or be found on the syracusegroup.com website.
- Did I find the investment opportunity through a website not associated with Syracusegroup.com?
- Have I provided my personal credit card information with the company?
- Does the e-mail or documents involve a lot of spelling errors or misprints?
- Was I pressured into making a money transfer directly to the companies account to avoid missing an opportunity?
If you receive a cold call or e-mail from Syracuse Group that you are uncertain about, or which you believe to be fraudulent, please forward it to firstname.lastname@example.org. Syracuse Group will investigate the e-mail and respond back to you. If you are a client of the firm, please notify your portfolio manager or managing partner client development.
For further information on staying safe, the following resources provide helpful information:
Hong Kong Police Force - https://www.police.gov.hk/ppp_en/04_crime_matters/ccb/fst.php
Southern African Fraud Prevention Service - https://www.safps.org.za/
The European Anti-Fraud Office (OLAF) - https://ec.europa.eu/
Take Five to Stop Fraud – https://takefive-stopfraud.org.uk/