Tuesday, November 29, 2022

Business Email Compromise Fraud Matters

Business Email Compromise (BEC), a sophisticated online scam that targets businesses and tricks employees into transferring money to cyber criminals, is responsible for $1.6 billion in losses in the U.S. and $5.3 billion globally since 2013. The Federal Bureau of Investigation (FBI) reports that...

[SPECIAL SERIES: FRAUD WEEK] Balancing Risk & Reward: The New Mobile Battlefield

The latest LexisNexis® Risk Solutions Cybercrime Report dives into an analysis of transaction data from the LexisNexis® Digital Identity Network® during July – December 2021. The report reveals a substantial shift to mobile fraud over the last four years. Human initiated attacks rose for...

[SPECIAL BLOG SERIES: FRAUD WEEK] Welcome to Fraud Week!

This week, Fraud of the Day is featuring a series of blogs centered around International Fraud Awareness Week, and the tools and solutions LexisNexis® Risk Solutions have to help you address your fraud and identity challenges. Every November during Fraud Week, hundreds of organizations around...

[SPECIAL BLOG SERIES: FRAUD WEEK] Discover the True Cost of Fraud for SNAP Agencies

What’s the financial impact of fraud on Supplemental Nutrition Assistance Program (SNAP) agencies? How big is the affect not only on the agency, but on the people who rely on these critical services? During Fraud Week, we’re taking a look at how much fraud is...

COVID Feature: Catfishing

Catfishing can be dangerous, although I’m not talking about the type of catfishing that requires a boat, fishing rod, and bait. (Although, there is the possibility you could fall overboard or get hooked by a fishing lure.) Catfishing is also a popular technique used...

Taxes Two-Step

Listen to this Story When it comes to taxes, don't mess with Texas—or Virginia, as it turns out. An article in the Richmond Times-Dispatch tells the story of a tax professional who filed fraudulent refund claims while managing the Northern Virginia office of a tax...

Collecting Fraud

People collect all sorts of memorabilia including stamps, comic books, stuffed animals, coins and baseball cards to name just a few. Usually, collectors spend their own money to add something new to their prized collection, but a neurologist from Michigan spent nearly $2 million...

COVID-19 Employment Benefits Thieves Add Insult to Injury

While using stolen identities to claim unemployment benefits is not new, the federal government’s temporary benefits boost and the huge volume of unemployment benefit applicants makes this an attractive and popular form of COVID-19 fraud. (While all fraud is low, stealing from unemployed workers...

Fraud Minion

When you think about minions, usually a cute yellow blob that loves bananas and wears blue jean overalls comes to mind. Even though the popular animated figures assist a former professional criminal portrayed in a popular children's movie, the fictional characters are generally seen...

[Fraud Trends Series] Trend #1: Student Loan Debt

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,...
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