A single case of occupational fraud costs the victim organization an average of more than $1.5 million, says a new report from the Association of Certified Fraud Examiners (ACFE).
The Federal Communications Commission proposed a $225 million fine against Texas-based health insurance telemarketers for making approximately 1 billion illegally spoofed robocalls.
Fraud and economic crime rates remain at record highs, impacting companies in more ways than ever. PwC's bi-annual survey of business crime reports that fraud committed by customers tops the list of all crimes experienced (at 35%), up from 29% in 2018.
A new Jumio report says that new account fraud has more than doubled since 2014, despite a seasonal decrease during 2019 Black Friday/Cyber Monday weekend
Fraud increased 30 percent overall in Q3 2019 and bot-driven account registration fraud is up 70 percent as cybercriminals test stolen credentials in advance of the holiday retail season.