Fake companies perpetrate all kinds of frauds, including but not limited to investment scams, insurance scams, identity theft, lottery scams, and fraudulent offers of goods and services that never materialize even though you paid for them. Insurance fraud alone accounts for more than $100 billion ...
Fraud protection is a priority for businesses across virtually every industry. The potential for costly losses, financially—with the average case lasting 12 months and leading to aloss of $117,000—and to a company’s reputation cannot be ignored. In fact, PwC found thatnearly half of all b...
Reasons to Take Social Security Early Updated on Nov. 6, 2024: This story was previously published at an earlier date and has been updated with new information. Tags: retirement, money, Social Security, fraud, personal finance, aging, Social Security numbers The Best Financial Tools...
Credit Card Fraud vs. Identity Theft The two are similar, but identity theft is broader in reach. A thief who steals your identity might use your personal information – like your Social Security number – to open a new credit card account, get a loan or even file taxes in your name. ...
Find out what you can do to protect yourself. Explore the Lloyds Bank Fraud Hub. Other scams to watch out for Investment scams Do you know how to spot a fake financial company or adviser? Avoid investment scams Advance fee scams Never pay upfront for goods or services, unless you’ve mad...
Credit card fraud sometimes gets confused withcredit card disputes. A dispute may occur when a cardholder doesn’t agree with how a company has used their card—but has still given them permission to use it. Generally, this isn’t considered credit card fraud. This applies even if a scammer...
Banks often refund scammed money, but it's not guaranteed. The likelihood of a refund depends on your bank's policies, the type of scam, the payment method used, and how quickly you report the fraud. To increase your chances of recovering your money, take these steps. ...
As you work to protect your bank account from fraud, take time to research the security measures your bank has put into place. When you maximize the security features your bank provides, it’s easier to keep your sensitive information safe. For instance, Discover offers secureonline and mobile...
A clawback is a contractual provision that requires an employee to return money that's already paid by an employer, sometimes with a penalty. Clawbacks act as insurance policies in the event of fraud or misconduct, a drop in company profits, or poor employee performance. ...
We report an ethnographic study that explored the nature of motor insurance fraud-detection practices in two leading insurance companies. The results of the study suggest that an occupational focus on the practices of fraud detection can complement and enhance forensic and data-mining approaches to ...