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...
Have you ever wondered what the best investment opportunities near you are? Investing wisely has become a popular method to create a stable income and secure financial future. But understanding the potential risks of making investments is essential, particularly to...
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...
The risks of blackmail and extortion are on the rise more than ever. These tactics involve threats to reveal sensitive information or demand payment. Yet, with advancing technology, criminals can easily hide behind anonymous profiles, complicating the protection of...
Fraud by false representation is an increasingly common issue, occurring when a person or a business deliberately lies or misrepresents the truth during a transaction. As detailed in Section 2 of the Fraud Act 2006, this type of fraud involves making a dishonest and...
