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San Angelo bankers warn of rising fraud: 'Bad guys spend all day' finding new scams, panelists say
San Angelo business panel (local bankers) · March 6, 2026
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Summary
Local bankers told attendees fraud losses have outpaced credit losses industry-wide, describing social‑engineering scams, elder‑abuse cases and banks' ongoing tech investments to detect and prevent theft.
Local bankers at a San Angelo panel said fraud is a growing operational risk that now often eclipses traditional credit losses and demands sustained technological and public‑education responses.
Brandon Braden of Texas State Bank described recurring fraud schemes that still succeed through social engineering. "Fraud is a huge deal for us," he…
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