Insurance Fraud – South Carolina Attorney GeneralSouth Carolina Attorney General #insurance #fraud #attorney

Posted On Nov 4 2017 by

# Insurance Fraud Are your insurance premiums getting higher and higher? $1,030 per year, that s what the average American household pays every year in out-of-pocket-costs as a result of insurance fraud! If insurance fraud was a business, it would be a top Fortune 500 company. Auto, home and business insurance fraud cost Americans more than $85 billion a year. Fraud could be as simple as misrepresenting facts on an insurance application or padding or inflating actual claims or as serious as submitting claims for injuries or damage that never occurred and staging accidents. At least 10% of all auto, …


Online Fraud Prevention – Host Merchant Services #credit #card #fraud #protection #for #merchants

Posted On Sep 29 2017 by

# Online Fraud Prevention Merchant Services: Online Fraud Prevention The modern world of technology provides online users the opportunity to visit websites, communicate with others and shop without the need to leave your computer. However, with the conveniences come common sense concerns that we all need to be aware of. With the increased usage of online sources, have come threats such as identity theft, credit card fraud and other online fraud. However, with common sense usage of online sources and preventive measures, you should be able to be safe online. One of the biggest threats of using online technology, including …


Insurance Fraud – FBI #insurance #fraud #attorney

Posted On Sep 28 2017 by

# Insurance Fraud Insurance Fraud A Basic Overview The insurance industry consists of more than 7,000 companies that collect over $1 trillion in premiums each year. The massive size of the industry contributes significantly to the cost of insurance fraud by providing more opportunities and bigger incentives for committing illegal activities. The total cost of insurance fraud (non-health insurance) is estimated to be more than $40 billion per year. That means Insurance Fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums. Premium diversion is the embezzlement of insurance premiums. It is …


Credit Card Fraud Statistics and Facts #credit #fraud, #credit #card #fraud, #credit #card #fraud #statistics, #counterfeit #credit #cards

Posted On Sep 12 2017 by

# Credit Card Fraud Statistics and Facts In the end of 2005, MasterCard and Visa generated a sales volume of more than $190.6 billion, from the circulation of approximately 56.4 million credit cards across Canada. Credit card fraud statistics show that about $2.8 million was lost due to credit card fraud, from fraudulent use of MasterCard and Visa alone. In total, credit card fraud costs cardholders and credit card issuers as much as $500 million a year. Who pays for the loss? Everyone. Even if you haven t been defrauded yourself, the cost of goods and services increases to pay …


Bank Fraud #fraud #bank #of #america

Posted On Aug 13 2017 by

# Fraud against Financial Institutions Bank Fraud is a billion dollar a year Industry in North America that affects every Financial Institution and you, because the fraud costs are passed on to the Consumer as they are in every other Industry. Bank Fraud is a way of life for some people and a means to a short-term loan for others. In either case it is a criminal offence and aside from having to face the Judge when charged criminally it will also result in a bad credit history as most Financial Institutions report illegal bank activity to the major Credit …


What merchants should do when they suspect card fraud #credit #card #fraud, #merchant, #security, #fraud #prevention

Posted On Aug 4 2017 by

# What merchants should do when they suspect card fraud Elaine Pofeldt is a journalist whose articles on entrepreneurship and careers have appeared in Fortune, Working Mother, Money and many other publications. She is a former senior editor at Fortune Small Business magazine and an entrepreneur herself, as co-founder of 200kfreelancer.com, a website for independent professionals. She writes “Your Business Credit,” a weekly column about small business and credit, for CreditCards.com. Dear Your Business Credit, I take credit cards at my store. What do I tell my employees to do when they spot one they think is bogus? Are they …