Fraud Trends

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...

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...

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...

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...

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...

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...

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....

Have you ever been contacted by phone, email, text, or letter notifying you that you are entitled to unclaimed property? (It’s kind of like winning the lottery. Who wouldn’t like that?) There’s apparently so much unclaimed property out there that the National Association of...

To say that the COVID-19 pandemic has disrupted our lives is an understatement. Consider the toll on physical and mental health, the changes in work life, supply chain issues, and problems with the global economy, just to name a few. Prior to the pandemic,...

For the next two weeks, we will be running a special blog series focusing on the Top 10 Fraud Trends of 2022. Convicted bank robber Willie Sutton is best known for his response to the question, “Why do you rob banks?” “Because that’s where the money...