Social engineering behind 40% of financial scams in Brazil

Social engineering–based scams account for 40 percent of reported financial fraud cases in Brazil. The strategy includes fake call centers, criminals posing as bank employees, and even fake police operations to convince victims to provide personal information or make transfers. According to a recent survey by Quod, a data analytics firm specializing in data intelligence for the credit market, in the first half of 2026, more than 9 million instances of fraud were reported, including both…