Tuesday, November 29, 2022

A Lifeline For Fraudsters, Too

There is no manual written on what to do for economic security during a pandemic. The Covid-19 pandemic was first recorded in the United States on January 13, 2020. On March 13, 2020, the President of the United States declared a nationwide emergency. Businesses...

SPECIAL ALERT: New Study Released on Pandemic-Related Identity Fraud

According to the Pandemic-Related Identity Fraud Crime Victim Impacts Report, the past two years have brought about an unprecedented surge of government benefits-related identity fraud. The Identity Theft Resource Center (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, and...

[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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