Browsing: fraud

What’s at stake: On average, U.S. businesses reported losing the equivalent of 9.8% of their revenue to fraud over the past year, a significant increase from…

Key insight: Identity theft victims who file extended fraud alerts often experience significant and persistent improvements in their credit profiles, becoming more creditworthy.What’s at stake: U.S.…

In its Q3 Fraud Trends report, Equifax says mortgage fraud rates slipped about 10 basis points year over year to 0.19% of applications, reflecting a slowdown…

Key insight: The European Central Bank is building a centralized fraud detection system to support payment providers and secure every digital euro transaction.What’s at stake: Establishing…

Key insight: Criminals exploited the banking system’s “check float” period as a core part of the scheme.What’s at stake: The scheme compromised the personal and financial…

What’s at stake: American families face the prospect of losing their life savings to increasingly sophisticated criminal fraud networks.Forward look: Republicans seek whole-of-government coordination to combat…

Key Insight: Alerting an elderly client’s “trusted contacts” can be a fast way to short-circuit a scam, but experts say it must be done carefully.Supporting Data:…

Financial incentiveThe main reason a borrower could be motivated to claim a primary residence on a mortgage application is to get a lower interest rate for…

Unlock the Editor’s Digest for freeFormer HSBC currencies trading chief Mark Johnson had his criminal conviction for wire fraud thrown out on Thursday, after a US…

New York Attorney General Letitia James speaks outside New York Supreme Court in New York City ahead of former President Donald Trump’s civil business fraud trial…