Reported fraud continues to increase in frequency, complexity, and severity. According to the Federal Trade Commission (FTC) the top 5 types of scams include: Imposter scams, fake internet services, false prizes/sweepstakes, lotteries, and fraudulent mobile phone services. Due to an increase in flexible working environments, employee fraud is another type of fraud continuing to grow, as well as card not present fraud due to an increase of online transactions.
3 ways to proactively mitigate fraud
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