The second part “Responding to the emotional impact of fraud” can also be found in the ACAMS Today 2023 Jun-Aug issue. Beyond the financial cost, emotional harm is the most common impact of fraud, and it can exert a heavy emotional toll on its victims. As a result, this article aims to explore the emotional impact of fraud among victims by analysing the possible consequences resulting from fraud. The second part provides recommendations on how FIs can respond to assist their customers and mitigate the emotional impact of fraud and its devastating impact on people. StressStress is reported as one of the most common emotional effects among fraud victims.

Source: The Guardian May 22, 2023 15:53 UTC