Fraud

Nationwide Prosecutions: "Just the Beginning" Recent DOJ and Department of Health and Human Services charges were brought against 412 defendants, across 30+ states, with defendants accused of defrauding taxpayers of approximately $1.3 billion. It’s been described as the largest health...

The Critical Importance of Training Recent events clearly reflect the rising tide of liability risk companies face for retaliation against a whistleblower. Surprisingly, a survey just conducted by NAVEX Global reveals that many companies have not committed to compliance training. ...

With Increase in Fraud, Physicians Face Stricter Regulations The Attorney General’s investigation into opioid prescription fraud and abuse will increase scrutiny on throughout the health care industry. With pain management in the spotlight, Janice Jacobs offers advice on how providers...

Evidence of Widespread Consumer Finance Violations Mounts On July 21, 2017, OSHA determined that Wells Fargo had unlawfully retaliated against a former branch manager who reported her colleagues for fraudulently opening customer accounts. The announcement marks the most recent in a series...

Both Tech and Human Defenses Are Needed The risk of a cyberattack – nearly anywhere – grows with every passing day. We’ve heard it from the highest levels of government, and we’ve seen an inkling of what a far-reaching breach...

A Digital Transformation Increased sophistication in technology platforms, banking channels and digital initiatives has ushered in transformation in the banking industry. But these changes have also brought about increasingly sophisticated financial crimes. Bank fraud is now being committed by tech...

Compliance departments already monitor emails for nefarious keywords, but expecting even the biggest compliance departments to monitor all communication in real time is arduous and nearly impossible using only human capital. Unless they’re using artificial intelligence.

Results from Kroll’s annual Global Fraud and Risk Report are in, and the findings show a significant rise in fraud and risk incidents over the past year. A staggering 88 percent of respondent U.S. companies reported cyberattacks in the past...

Failing to quash fraud schemes rampant in its organization and among its high-volume agents, Western Union is $770 million poorer this year. The organization’s prosecution sends an important message to financial service providers: when an organization facilitates criminal activity through...

Rolls-Royce Settlement Highlights Risks for Businesses Rolls-Royce recently completed a deferred prosecution agreement following a four-year investigation into bribery and corruption by the U.K. Serious Fraud Office. This is the largest ever enforcement action against a company for criminal conduct,...

How Companies Can Reduce Their Risk Exposure Fraud is a problem for companies of every size – one statistic states that it claims up to 10 percent of annual revenue. Some fraudulent activity comes from external sources, including cyber breaches...

Technological advancements have caused an increase in the number of opportunities to commit fraud – and they’ve created innovative new ways to perpetrate and hide it. As a result, there has been an uptick in reported incidents over the past...