Legal consequences can be up to 20 years in prison, plus fines of more than $250,000. This scheme often combines with other ...

Types of Insurance Frauds Committed Against Consumers Consumers who fall victim to these frauds can suffer financial loss, damage to their reputation, and may even face legal consequences. The ...

Car insurance fraud costs policyholders up to $700 each year — even if they’ve never been involved in an insurance scam. Policyholders should be aware of common insurance scams run by agents and ...

In a market accelerating toward instant payments and open banking, a siloed approach to fraud detection is no longer viable.

Fraud attacks are at an all-time high. According to the FTC, in 2023, U.S. consumers reported losing more than $10 billion to fraud, a 14% increase over 2022 and the highest dollar amount ever ...

Spotting financial statement fraud is crucial. Learn key signs and detection methods to protect your investments from risky ...

Technology will have a huge role to play in fraud detection with GenAI and consortium analytics shown to have the most promise The NICE Actimize “2025 EMEA Financial Fraud Trends and Investment ...