fraud

Mark Patterson, owner of PATCO Construction in Sanford, Maine, boosted his security and bought cybercrime insurance after his company lost more than $500,000 to cyberfraud.

National

As Cybercrime Proliferates, So Does Demand For Insurance Against It

4:04pm October 12, 2015

by John Ydstie

Companies are clamoring for coverage against losses due to hackers. But insurance firms are being selective: The risk involved isn't well understood — and the crimes themselves are evolving rapidly.

When you answer your phone and there's no one on the other end, it could be a computer that's gathering information about you and your bank account.

Economy

Why Phone Fraud Starts With A Silent Call

2:17pm August 27, 2015

by Aarti Shahani

When you answer your phone and there's no one on the other end, it could in fact be a computer that's gathering information about you and your bank account. Here's how.

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National

Justice Dept. Hires Compliance Expert In Fight Against Corporate Crime

12:16pm July 30, 2015

by Carrie Johnson

The department says the new expert will play a big role in determining whether businesses targeted for prosecution have engaged in systemic misconduct or whether the criminal activity is limited.

Documents Reveal Secret Legal Battle Over Medicare Overbilling

11:46am June 19, 2015

by Fred Schulte

The federal government overpaid for nearly half of the patients of a Medicare Advantage plan, a Medicare audit found. At issue is whether insurers "upcode" diagnoses to reap bigger payments.

More than a quarter of the victims of financial fraud are over 60.

Services Offer A Means To Foil Widespread 'Elder Fraud'

5:50pm December 22, 2014

by Ina Jaffe

The holidays are a time for giving — and for scams that prey on altruism, particularly among older adults. But several products on the market are designed to help fight fraud that targets seniors.

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Union soldiers found that gunpowder was sometimes mixed with sawdust.

National

How A Law From The Civil War Fights Modern-Day Fraud

6:14pm October 01, 2014

by Stacey Vanek Smith

A Civil War-era law that encourages whistleblowers to turn in their employers has been successful at exposing corporate fraud.

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Crime

Utility Customers Targeted in Pre-Paid Debit Card Scam

5:00am September 18, 2013

Duke Energy is alerting its customers about a nationwide scam targeting utility customers. Duke spokesperson, Kristina Hill, says these thieves make calls threatening to turn off the electric