Federal bank regulators are considering regulatory and supervisory changes to address the yearslong uptick in check fraud and other illicit payments activities. The Federal Reserve, Federal Deposit ...

We all pay for insurance fraud. A 2022 study conducted for the Coalition Against Insurance Fraud concluded that insurance fraud costs Americans $308.6 billion every year. That's $932.63 for every ...

Insurance fraud is more common than scams in other fields, and its prevalence is growing, a new report from fraud detection company Pindrop found. After analyzing more than 1.2 billion customer calls ...

In 2023, traditional identity fraud cost banks, credit unions and financial institutions $23 billion, an increase of 13% from the year prior. New account fraud and account takeover fraud accounted for ...

Insurance fraud is a systemic problem that costs billions of dollars every year and impacts regulators, insurers, and consumers. It is not merely a passing fad. Rich Gibson, the American Academy of ...