Tuesday, February 7, 2023

[2023 Top Fraud Trends Special Series] Social Security Fraud

This blog is part of a special series featuring top fraud trends predicted for 2023. Fun fact. When the Social Security Administration (SSA) controlled the issuance in 1936 of the newly formed Social Security account numbers, the agency was in a position to at least...

[2023 Top Fraud Trends Special Series] SNAP Fraud

This is the first in a special blog series featuring top fraud trends predicted for 2023. In today’s increasingly digital world, fraud trends are constantly changing and evolving. New schemes are introduced regularly, and it can be very challenging for organizations to keep up. This...

[Fraud Trends Series] Trend #10: Workers’ Compensation Fraud

This is the final blog in our Top 10 Fraud Trends in 2022 series. The Bureau of Labor Statistics (BLS) confirms that private industry employers reported 2.7 million nonfatal workplace injuries and illnesses in 2020. While these numbers declined by 5.7 percent from the previous...

[Fraud Trends Series] Trend #10: Workers’ Compensation Fraud

The Bureau of Labor Statistics (BLS) confirms that private industry employers reported 2.7 million nonfatal workplace injuries and illnesses in 2020. While these numbers declined by 5.7 percent from the previous year (that’s good news, at least), it’s important to note that total reported...

[Fraud Trends Series] Trend #9: Social Security and Retirement Fraud

Social Security numbers can be likened to the “Golden Ticket” that gets Charlie into Willy Wonka’s Chocolate Factory. Identity thieves love them because these 9-digit numbers can be used to obtain credit cards or other loans, open bank accounts, apply for a job, file...

[Fraud Trends Series] Trend #8: Tax Refund Fraud

In 2021, the Internal Revenue Service (IRS) conducted more than 2,500 investigations, identified more than $10 billion in tax fraud and financial crimes, and had a 90 percent conviction rate. (I guess you could say that is the silver lining in the proverbial black...

[Fraud Trends Series] Trend #7: Housing and Rental Assistance Fraud

The Emergency Rental Assistance program was developed during the COVID-19 pandemic to help alleviate the fears of Americans facing rental debt, evictions, and the basic loss of housing security. The idea was to provide funding to assist households that were unable to pay rent...

[Fraud Trends Series] Trend #6: Identity Theft, DMV Fraud, and Document Fraud

The Federal Trade Commission’s Consumer Sentinel Network Data Book reveals that 29.4 percent of complaints filed with the online database in 2020 were related to identity theft. (That’s more than any other type of fraud reported.) Amongst the many types of identity theft fraud...

[Fraud Trends Series] Trend #5: Vehicle Title Fraud

Many people work hard to save up to pay cash for their vehicles only to be duped by fake title scams. In an era where online car buying is common, it’s easy for criminals to hide behind websites that make everything look legitimate. (It’s...

[Fraud Trends Series] Trend #4: Healthcare Fraud

While healthcare fraud has been around for a long time, the COVID-19 pandemic certainly opened up a Pandora’s Box of new scams. Using tried and true techniques, fraudsters managed to steal billions of dollars from U.S. healthcare insurance programs such as Medicare and Medicaid....
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