THE MOST FAMOUS FRAUDSTER, according to which Spielberg made the film: What does the amazing Frank ABAGNEIL teach us (VIDEO)

THE MOST FAMOUS FRAUDSTER, according to which Spielberg made the film: What does the amazing Frank ABAGNEIL teach us (VIDEO)

Every year, millions of American consumers are deceived – as many as 7 percent of them. During 2017 the number of victims of fraud in the United States reached 16.7 million, while 16.8 billion dollars were lost.

Frank William Abagneil is an American security adviser known as a former fraudster and forger in the period from his 15 to 21 years of age, after which the famous film Catch me if you can was made, in which he was played by Leonardo DiCaprio.

“I have worked with the FBI for more than 45 years, advising them and consulting with hundreds of financial institutions, corporations and government agencies around the world to help them fight fraud. But I started gaining experience more than 50 years ago and in an unusual way – I was one of the most famous fraudsters in the world“Says Abagneil.

He claims he had at least eight different identities, including the pilot, doctor, prison officer and lawyer.

He escaped from police custody twice before turning 21. He served less than five years in prison before starting work for the federal government.

He is currently a consultant and lecturer for the FBI Academy. He also runs his own private consulting firm that advises on financial fraud.

“Although I am ashamed of what I did as a young man – cheating, stealing and deceiving and hurting people along the way – I am grateful that I was given the opportunity to change. My story, which is told in my 1980 autobiography, “Catch me if you can“, It provided me with a wider audience with whom I can talk about fraud prevention.” says Abagneil, and we bring you his tips on how to protect your identity and prevent being deceived.

Identity theft is the intentional use of someone else’s identity (eg name, address, social security number, bank accounts) to obtain money and credit, employment, theft of property, falsification of educational and other diplomas, access to health care and much more.

The worst case scenario is when the person who stole your identity empties your bank accounts, takes your property and sells or trades your sensitive data.

During 2017, during a speech I gave at Google, a young man asked me a question that I am often asked: “Given the advances in technology, isn’t it harder for today’s criminals to steal your identity than was the case in the 1960s?“

My answer was BORN, is not harder. In fact, today it is about 4,000 times easier to steal an identity than it used to be.

Identity thieves they love technology because it gives them a safe path to the details of your life.

Think about what is available to you with just a few clicks – credit card reports, bank account numbers and personal and family information. It’s all there.

Only you need to know how to search for data, and cheaters are very skilled at it. With today’s technology, all a thief needs to do is go online, type in your check printing service your name and account number, send the checks to the mailbox and that’s it. This is where the contents of your current account go.

In the 1960s, when I wrote fake checks under the name of a company or an individual and an account number – basically, when identity theft – I needed it. four-color printing machine, text input equipment and technical knowledge to run these machines.

Now, all I have to do is go to a company’s website, get the company logo, then get the logo of the bank whose client that company is.

Then I would have to call the claims department of the company whose identity I plan to steal and ask for instructions on how to return the funds I owe them.

And I would find out so easily which bank the company does business with and the bank account number. Then I would go to the company’s website and access its annual report.

So I will get a copy of the signature of the president or CEO from the letter at the beginning of the report, which I can put on the checks I created with the help of almighty technology.

All is completely authentic down to the smallest detail – except the money is not mine and the check is fake.

Want to avoid identity theft? Never, but never do not use a debit card. I don’t even have it. I never had it and I never will. I do not recommend them to anyone – not to family, friends or you.

Like I said on Google talk, the debit card is safe the worst financial resource ever given to an American consumer. Why? It’s simple: every time you use it, you put your money and bank account at risk.

Instead, use a credit card. I use one for everyone, even when I travel abroad. With credit cards, federal law limits my liability if there is unauthorized use of my card.

When I use a credit card, I actually spend company money every day until I pay the bill at the end of the month.

If there is a big data theft and the thief somehow gets my credit card number and borrows a million dollars with it, I am protected.

I will not be responsible for any purchases. On the other hand, if the same thing happens and criminals get my debit card information, then I could lose money from my account.

Source: BIZLife

Photo: Pixabay

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