Friday, May 29, 2020

COVID-19 Employment Benefits Thieves Add Insult to Injury

While using stolen identities to claim unemployment benefits is not new, the federal government’s temporary benefits boost and the huge volume of unemployment benefit applicants makes this an attractive and popular form of COVID-19 fraud. (While all fraud is low, stealing from unemployed workers...

COVID Feature: Cybercriminals Attack Vulnerable Hospitals

Cyber criminals have figured out that with millions of American workers logging on remotely for telework during the global coronavirus pandemic, it’s easy to plant malicious software, including ransomware. That’s why it’s more important than ever to practice good cyber hygiene. (All it takes...

COVID Feature: Fraudsters Preying on Medicare, Medicaid Recipients

Few things motivate people more through a crisis than the kindness of strangers. The shared humanity of “we’re in this together” is good for our mental and physical wellbeing. (Then there are those who ruin that good will with attempts to cash in on...

Reversal of Fortune

Some nine million members and veterans of the nation’s military services receive medical coverage from a U.S. government program called TRICARE. It’s a system built on trust — making it an easy mark for seasoned South Florida pharmacist Serge Francois, prosecutors say. Francois, 51, stood trial over the past month on charges of fleecing tens of millions from the taxpayer-funded military program to buy the former Broward County mansion of Hollywood megastar Dwayne “The Rock” Johnson.

Turning Property Fraud Cases into Newly Found Revenue for Your Jurisdiction

State and local governments depend on revenue from property tax collection to provide many vital community services such as education, public works, public safety and social services. While most citizens are responsible and pay their taxes, there are others who don’t pay their fair share. When fraudsters evade tax and revenue departments by inaccurately reporting property values or usage, not filing taxes or engaging in other fraudulent activities, the result causes lost revenue and back taxes totaling millions of dollars.

Business Email Compromise Fraud Matters

Business Email Compromise (BEC), a sophisticated online scam that targets businesses and tricks employees into transferring money to cyber criminals, is responsible for $1.6 billion in losses in the U.S. and $5.3 billion globally since 2013. The Federal Bureau of Investigation (FBI) reports that...

The Opioid Crisis: When Healthcare Fraud Turns Deadly

The Opioid Crisis is now a Public Health Emergency. Combating the crisis and the criminals using fraud to perpetrate it (and often using taxpayer-funded dollars to do so), is critical. It is going to take data from multiple sources – providers, medical claims, pharmacy claims, public records, law enforcement records management system, computer-aided dispatch and more – to win. Siloed data will be the enemy of success, but data sharing will enable success.

What Does Fraud Actually Do to its Victims?

In honor of International Fraud Awareness Week (November 12-18), a worldwide event which serves to get the word out about fraud and its related crimes, organizations are working to help consumers and businesses understand not just the things they can do to minimize their risk of identity theft, but also the very serious ways that being a victim can hurt you. For more than a decade, the Identity Theft Resource Center has compiled the Identity Theft: The Aftermath report, which surveys victims who have previously contacted the nonprofit organization about their identity theft problems.

Government: Silo your data at your own risk

According to the Identity Theft Resource Center, so far there have been 1,120 data breaches in 2017 alone, compromising more than 171 million records. These records include names, birth dates, Social Security numbers (SSN), addresses, phone numbers and more – all the components needed to use a stolen identity to commit fraud. These records – and the corresponding identities – are now on sale all over the dark web. According to the 2017 LexisNexis Fraud Mitigation Study, criminals who commit fraud in one industry are likely to commit fraud in other industries, as well.

Neighborhood Fraudster

How well do you know your neighbors? While many of us may socialize with the folks who live on our street on a regular basis, that doesn't mean we know who they really are. An Ohio man, who considered himself to be the neighborhood...
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