The U.S. Federal Trade Commission (FTC) revealed today that Americans lost almost $8.8 billion to various types of scams in 2022, following a significant surge of over 30% more lost to fraud compared ...
Roy Prayikulam, Senior Vice President, Risk & Fraud Division at Inform, is an internationally active optimization specialist headquartered in Aachen, Germany. He argues that as data is changing - in ...
The year included plenty of high-profile fraud incidents and trends. COVID-19 fraud cases consistently drove strong traffic to InsuranceNewsNet. Some of the incidents included significant settlements ...
The US Department of Justice Criminal Division’s Fraud Section (DOJ) recently released its annual Year in Review report, detailing the Fraud Section’s accomplishments in 2022. Consistent with stated ...
More than $10 billion in losses from online scams were reported to the FBI in 2022, the highest annual loss in the last five years, according to a new report from the bureau. The more than $3 billion ...
NORTHBOOK, Ill.--(BUSINESS WIRE)--Taxpayers may get lower refunds this year, but that’s not stopping scammers from trying to steal them. Allstate Identity Protection is reporting a 68% spike in tax ...
Of companies that were victims of payments fraud in 2022, 71% faced fraud via Business Email Compromise (BEC). BETHESDA, Md., April 18, 2023 /PRNewswire/ -- Sixty-five percent of respondents report ...
The first objective of collaboration between regulators and businesses is to enhance existing standards and procedures. Regulators also devote a substantial portion of their efforts to problem-solving ...
Keeping the App Store secure is as difficult as it has ever been, and Apple has the numbers to prove it. On Tuesday, Apple revealed in a blog post that the App Store stopped over $2 billion in ...
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