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 ...

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

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

First-party fraud, also known as “friendly fraud,” accounted for 36% of all fraud globally in 2024, up from 15% the previous year, says LexisNexis Risk Solutions’ Cybercrime report. First-party fraud ...

Mortgage fraud has become a big focus for the Trump administration. But what exactly is mortgage fraud, and what are the penalties for committing it? In the last few weeks, the Trump administration ...

Payment fraud is an increasing and ever-evolving threat, impacting businesses of all sizes. According to the FBI's 2024 Internet Crime Report, business email compromise (BEC) scams led to reported ...

During the pandemic, fraud skyrocketed as government agencies attempted to get critical funds quickly out the door to people in need. Domestic and international crime rings took advantage of outdated ...

Walmart is cracking down on a growing type of fraud and it’s putting AI to work to help with the job. The country’s largest retailer said it continues to adopt strategies to prevent fraud and other ...

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

Fewer than 40 people were sentenced for mortgage fraud in 2024, according to federal data Federal Reserve governor Lisa Cook, Sen. Adam Schiff and New York Attorney General Letitia James have all been ...