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HomeMicrofinanceDvara Analysis Weblog | Are Fraud-awareness Campaigns Efficient? Measuring the effectiveness of...

Dvara Analysis Weblog | Are Fraud-awareness Campaigns Efficient? Measuring the effectiveness of fraud-awareness campaigns and proposing suggestions for enhancing it


Beni Chugh
Lakshay Narang

Social engineering ploys, the place unsuspecting clients are manipulated into authorising fraudulent transactions are a severe buyer safety concern. Regulators and monetary establishments are investing effort in designing consciousness campaigns within the type of TV commercials (TVCs) to lift consciousness about fraudsters and their ways with the target of lowering clients’ tendency to have interaction with them. There’s additionally a rising help for utilizing outcome-based surveys (OBS) to check the effectiveness of such TVCs. Easy surveys that collect proof on reported behaviour fall wanting measuring effectiveness on condition that people depart from rational behaviour below the affect of behavioural biases. Consequently, OBS that collect proof on change in behaviour are higher suited to gauge the effectiveness of consciousness campaigns.

This examine presents the design of an OBS crafted to guage the impact that UPI-fraud-awareness campaigns have in lowering people’ propensity to have interaction with fraudulent communication. Leaning on behavioral science and market analysis literature, this OBS measures the effectiveness of the notice marketing campaign alongside 4 dimensions: recall, i.e., the power of the person to recollect the central message of the marketing campaign, lengthy after watching it, enchantment, i.e., the extent to which people relate to the marketing campaign, comprehension, i.e., the benefit with which people perceive the central message of the marketing campaign and take up it, lastly, affect, i.e., a decline in people’ tendency to have interaction with suspicious communication (messages, hyperlinks, apps amongst others).

Insights from the OBS reveal respondents’ preferences for TVCs with relatable characters and easy messages in a storytelling format. Such TVCs fare higher on recall, enchantment, and comprehension. The pilot additionally demonstrates that heightened consciousness could not at all times translate into modified perspective. Consciousness campaigns that solely emphasise conveying info or urging the general public to enhance their behaviour could disregard the inherent irrationality of human behaviour. Moreover, these campaigns typically prioritise technical particulars about a problem fairly than selling self-awareness amongst their viewers. To handle this, consciousness campaigns could be designed to acquaint viewers with their behavioural biases, which might make them susceptible to social engineering ways, thus fostering self-awareness. Furthermore, these campaigns can present steering on avoiding or mitigating the affect of emotional states (‘scorching states’), which might positively affect the emotional side of attitudinal change and considerably improve the effectiveness of the notice campaigns.

The complete coverage transient could be accessed right here.


Cite this coverage transient:

APA

Chugh, B., & Narang, L. (2023). Are Fraud-awareness Campaigns Efficient? Retrieved from Dvara Analysis.

MLA

Chugh, Beni and Lakshay Narang. “Are Fraud-awareness Campaigns Efficient?” 2023. Dvara Analysis.

Chicago

Chugh, Beni, and Lakshay Narang. 2023. “Are Fraud-awareness Campaigns Efficient?” Dvara Analysis.

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