In the United States, 6% of adults face over $1,000 in medical debt, often leading to financial crises, according to a Kaiser Family Foundation analysis of the Census Bureau data. However, this reality has been even more complicated by fake medical bills, which worsen...
The Anti-Phishing Working Group (APWG) reports that scammers employ over 40,000 unique email subject lines each month, indicating a trend towards highly personalized phishing attacks. By gaining control of victims’ Google accounts through such tactics, criminals...
Online scamming is growing fast, and it’s a problem that’s affecting more people than ever before. In fact, data obtained from the F-Secure report that 36% of people are seeing more scams today than they did just last year. With scams on the rise,...
Fraud is a reality that affects both people and businesses. As schemes grow more complex, understanding and preventing these crimes is a necessity for all, especially in the digital market of finance. According to Veriff’s 2024 Fraud Index, nearly half (47.8%)...
Fraud detection is more important than ever as it affects businesses, people, and banks. According to Alloy’s 2024 State of Fraud Benchmark Report, in the US, fraud rates increased by 62% in consumer accounts and 52% in business accounts. That’s why better fraud...
Is fraud a felony? This question often arises as fraud—a deceptive act committed to gain an unlawful advantage—carries different legal classifications and multiple consequences. Learning about the distinction between misdemeanor and felony fraud is very important for...