Tag: Fraud prevention
Employee Fraud Costs U.S. Businesses $50 Billion Annually
U.S. businesses lose a staggering $50 billion each year to employee fraud, a silent epidemic eroding profits and shareholder value. This crime, often committed...
FBI Reports $100 Million Lost to Disaster Relief Fraud Annually
Every year, the FBI estimates that disaster relief fraud siphons away $100 million from funds desperately needed to rebuild communities and save lives. This...
Contractor Fraud Costs U.S. Billions Annually
Contractor fraud siphons billions of dollars annually from U.S. taxpayers and private entities. This pervasive crime, often hidden behind complex transactions, exploits vulnerabilities in...
Bank Fraud Costs U.S. Billions Annually
Bank fraud costs the U.S. economy billions of dollars each year, with criminals exploiting vulnerabilities in the financial system to siphon funds and compromise...
Mail Fraud: Understanding the 50-Year-Old Crime with Modern Consequences
Mail fraud has been a persistent threat to public trust and financial security for over half a century, with the FBI reporting thousands of...
Check Fraud Costs U.S. Businesses $20 Billion Annually
Check fraud costs U.S. businesses a staggering $20 billion each year. This financial crime, often overlooked in the digital age, continues to drain resources...
How Chargeback Fraud Costs Businesses $40 Billion Annually
Businesses worldwide lose a staggering $40 billion each year to a growing menace: chargeback fraud. This sophisticated form of theft, often perpetrated by savvy...
Rise in Online Marketplace Fraud: $3.5 Billion Lost Annually
Every year, cybercriminals siphon $3.5 billion from unsuspecting shoppers through online marketplace fraud. This digital heist has become a pervasive threat, targeting millions of...
Social Engineering Crimes Cost Businesses $1.8 Billion Annually
Cybercriminals are exploiting human psychology to steal billions from businesses. Social engineering crimes cost companies $1.8 billion annually, with attacks growing more sophisticated and...
Investment Fraud Costs Americans $3.5 Billion Annually
Americans lose a staggering $3.5 billion each year to investment fraud, a crime that preys on trust and financial aspirations. This figure, reported by...
Identity Theft: 10 Million Victims Annually in the U.S.
Every 3 seconds, someone in the United States becomes a victim of identity theft. That staggering rate translates to approximately 10 million victims annually,...
Ticket Fraud Costs Consumers $560 Million Annually
Every year, consumers lose a staggering $560 million to ticket fraud, a crime that exploits the excitement around events and concerts. This deceptive practice...
UK Benefit Fraud Costs Taxpayers £3.5 Billion Annually
Benefit fraud crime is a serious and costly issue, draining £3.5 billion annually from the UK's public funds. This financial hemorrhage represents more than...
Identity Theft: 5 Key Facts Everyone Should Know
Every two seconds, someone falls victim to identity theft, a crime that can cause financial ruin and emotional distress. This pervasive issue affects millions...
Cybercriminals Stole $6 Trillion Through Online Fraud in 2022
Cybercriminals looted $6 trillion through online fraud in 2022 alone, a staggering figure that underscores the severity of digital crime. This epidemic transcends borders,...