Legal consequences can be up to 20 years in prison, plus fines of more than $250,000. This scheme often combines with other ...

Types of Insurance Frauds Committed Against Consumers Consumers who fall victim to these frauds can suffer financial loss, damage to their reputation, and may even face legal consequences. The ...

In a market accelerating toward instant payments and open banking, a siloed approach to fraud detection is no longer viable.

Technology will have a huge role to play in fraud detection with GenAI and consortium analytics shown to have the most promise The NICE Actimize “2025 EMEA Financial Fraud Trends and Investment ...

Discover white-collar crime, its types, and real-world examples such as securities fraud and money laundering, with cases ...

Spotting financial statement fraud is crucial. Learn key signs and detection methods to protect your investments from risky ...

The rise in bank fraud has reached unprecedented levels, with a 70% increase in just one year, resulting in $5.8 billion in losses. According to the Federal Trade Commission (FTC), this surge has ...

Mortgage fraud happens when someone omits or falsifies information in connection with the process of buying a house. This can be from predatory lenders trying to defraud borrowers or from borrowers ...

One of the biggest challenges executives cite in fraud prevention is that employees don’t always follow fraud prevention policies, according to research from Trustpair. Cybersecurity is one of the ...

Fraud attacks are at an all-time high. According to the FTC, in 2023, U.S. consumers reported losing more than $10 billion to fraud, a 14% increase over 2022 and the highest dollar amount ever ...