Articles Tagged with ''fraud trends''

U.S. respondents reported that the fraud incidence rate doubled to 16 percent from 8 percent over the last two years, according to the 13^th EY Global Fraud Survey, Overcoming Compliance Fatigue: Reinforcing the Commitment to Ethical Growth, 

Credit and debit card fraud tops Americans' security concerns in 2014, against a recent backdrop of major retail and banking security breaches, according to the 2014 Unisys Security Index.

A federal judge ruled that the U.S. Federal Trade Commission can sue hotel group Wyndham Worldwide over alleged poor data security.

Two men with false bond certificates worth trillions of euros (dollars) tried to bluff their way into a Vatican bank in a foiled fraud plot.

Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang.

California's Attorney General says cycber criminals are increasingly focusing on California because of its wealth and innovation.

North American financial executives perceived an increase in the rate of online account takeover attacks (63 percent) compared to their global counterparts (50 percent) in 2013, but the actual rate of attempted and actual wire and automated clearinghouse (ACH) fraud related to account takeover is lower in North American financial enterprises than at the global institutions, according to an ACI Worldwide survey, Strategies to Prevent Attacks on Commercial Accounts.

Most small businesses do not involve the police when they catch an employee stealing, new research finds. Sixty-four percent of small businesses have experienced employee theft, but only 16 percent of those reported the incident to police, the study found. Overall, 40 percent of thefts in small businesses are of money, and cash thefts reported in the study range from $5 to $2 million, with $20,000 being the average amount stolen.

Merchandise returns in 2013 cost U.S. retailers more than $267 billion in lost sales, and retail fraud and abuse accounted for $9.1 billion to $16.3 billion in the United States, an increase of 2.6 percent from 2012, according to The Retail Equation’s 2013 Consumer Returns in the Retail Industry report.