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 ...

First-party fraud, also known as “friendly fraud,” accounted for 36% of all fraud globally in 2024, up from 15% the previous year, says LexisNexis Risk Solutions’ Cybercrime report. First-party fraud ...

With AI technology, payment fraud and fraud prevention have become more complex and sophisticated. Both financial data owners and businesses that accept illegal payments are directly affected by ...

An EBA-ECB report on payment fraud indicates that strong authentication remains effective but fraudsters are adapting. There are a wide range of fraudulent activities and tactics now being employed to ...

Surveyed South African consumers reported online money or gift card scams as the most experienced fraud type. South African consumers reported money or gift card scams as the most experienced fraud ...