by Kristen Prusak | Aug 31, 2021 | Fraud Mitigation
Account takeover fraud is a type of fraud where an unauthorized third party gains online access to an account and makes unauthorized changes. After making changes, they carry out several transactions that lead to monetary loss. This article discusses accounts that are...
by Kristen Prusak | Aug 9, 2021 | Fraud Mitigation
Medicaid fraud occurs when an individual or provider intentionally gives incorrect information so that Medicaid pays for certain medical services, whether existent or non-existent. There are no exact statistics when it comes to Medicaid fraud. However, reports show...
by Kristen Prusak | Aug 9, 2021 | Fraud Mitigation
Fraud is a growing concern for businesses of all sizes. According to PWC’s Global Economic Crime and Fraud Survey, 49% of businesses worldwide were victims of fraud in 2018. This survey explains why more companies are increasing their spending on fraud...
by Kristen Prusak | Jul 20, 2021 | Fraud Mitigation
Insurance fraud is the deliberate giving of false information to gain an advantage or a benefit. As insurance companies protect us from insurance risk, they too face the risk of insurance fraud. While most people may not be conscious of insurance fraud, its adverse...
by Kristen Prusak | Jul 16, 2021 | Fraud Mitigation
Every business is vulnerable to fraud. However, small and medium-sized businesses are at a higher risk of fraud than larger organizations. There are numerous frauds and scams that a company can encounter—for example, cybersecurity, terrorist financing, improper...
by Kristen Prusak | Jul 16, 2021 | Fraud Mitigation
With the recent advancement in technology, cases of financial fraud have significantly increased. Therefore, fraud mitigation is one of the major concerns for those in the financial services industry. Banking and financial services are the most victimized. Every year,...
