Listen "The Real Cost of Trust : A Real-Life Fraud Story | Ransomware Rewind Podcast | David Fradin | EP 8"
Episode Synopsis
Surviving & Preventing Online Scams: Insights from a Victim of a $1.7M Fraud Surviving & Preventing Online Scams: Insights from a Victim of a $1.7M Fraud David Fradin tells his harrowing story of a how he lost $1.7 million to a sophisticated online pig butchering scam. Learn key insights and practical tips to protect yourself from similar scams. Discover the complex tactics scammers use to build trust and exploit victims, and explore actionable solutions to help prevent these crimes. Tune in to become more aware and better equipped to safeguard your finances and personal information 00:00 Introduction and Crypto Scam Experience 00:32 Guest Introduction and Mission 01:09 Keys to Product Success 02:06 Podcast and Professional Background 03:21 Detailed Scam Story 08:18 Scam Aftermath and Financial Impact 10:31 Government and Law Enforcement Involvement 13:02 Global Scam Operations and Solutions 14:00 Social Media's Role in Scams 22:25 WhatsApp and Social Media Accountability 24:08 Apple's Values and Final Thoughts 25:05 From Political Campaigns to Product Management 25:34 The Staggering Impact of Pig Butchering Scams 25:50 Victim Blaming and Stigma 26:23 Creative Solutions to Combat Scams 26:42 Recognizing Scam Tactics 29:19 The Role of AI in Scams 32:09 Crypto and Financial Fraud 34:16 Charity and GoFundMe Scams 35:04 Bike Theft and Recovery 40:11 Final Thoughts and Advice Social Media: Connect to Joe, Mike, and David on social media platforms like LinkedIn, TikTok, and Instagram Co-Host: Joe Erle, Cyber Group Practice Leader at C3 Insurance X/ joeerle Insta/ itscyberjoe Tiktok/ itscyberjoe Meta/ joeerle LinkedIn/ https://www.linkedin.com/in/joeerle/ Questions about cyber insurance? Email [email protected] Get the PDF - 14 Steps to Protect your Company's Data Co-Host Mike Dowdy, Cloud Solutions Consultant at RapidScale LinkedIn/ https://www.linkedin.com/in/mikedowdy/ Questions about cloud security? Email [email protected] www.rapidscale.net Special Guest David Fradin Operation Shamrock (helps people who've been victims of internet fraud and pig butchering): https://operationshamrock.org/ David's LinkedIn: https://www.linkedin.com/in/davidfradin David's Consulting Company: www.spicecatalyst.com David's Book - Letters from my Hymie: https://a.co/d/4GnKUOW Don't forget to subscribe. Check out our other episodes & thank you for listening.
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