The Impact of Financial Crime: Effects on Policies & Industry

The nature of financial crimes may not have changed much in the last century, but the specifics could not be more radically different. Some modern financial crimes are rising in frequency at a rate that could not have been anticipated a century ago. A Javelin Strategy study found that in 2013 more than 13 million Americans were victims of identity fraud, a number that has grown from 11.2 million since 2005.… [Read more]

Government Agencies that Keep Us Safe from Cybercrime

Cybercrime is one of the biggest threats in our country today, notes the U.S. Department of Justice. In addition to having a negative impact on consumer safety, cybercrime can hurt our economic prosperity.

Fortunately, a variety of government agencies are working hard to make sure to protect us from cybercrime. From local law enforcement to national organizations, steps are in place to protect us from online scammers.… [Read more]

White Collar Crime: Who These Criminals Are Really Hurting

There’s no doubt white collar crime in the US is out of control. The number of white collar criminals have increased in proportion to the growth of industry itself, and the 2013 FBI report on white collar crime showed a decrease in the number of white collar criminals prosecuted. Perhaps, the decrease in prosecution is evidence that white collar criminals are far more sophisticated and less visible to legal authorities. … [Read more]

Tips To Protect Patients From Medical Identity Theft

A high-profile medical identity theft case in Florida finally came to a close on January 24. Michael Ali Bryant pleaded guilty to selling an FBI informant stolen medical records which were supposed to be used to file fraudulent tax returns. The stolen data resulted in over $775,000 in false claims being filed with the IRS, according to the Florida Sun Sentinel.… [Read more]

Identity Theft and Immigration Reform Intersect

Imagine trying to file your five-year-old daughter as a dependent, only to find that she was “making too much money.” Or your child being denied Medicaid because he had wages reported on his social security number. That’s happened to six-year-old Carter Andrushko. His Social Security number was used at an OB/GYN’s office. An illegal immigrant was using his number for years before he was born, racking up all sorts of medical bills.… [Read more]