The Association of Certified Fraud Examiners estimates that fraud costs organizations approximately 5% of revenue annually, underscoring the need to understand the types of organizational fraud and ...

New research reveals that insurance fraud has seen the largest percentage increase of any sector over the past seven years, growing by a staggering 211% since 2017. Plastic card fraud remains the most ...

The largest tax fraud case in US history has finally ended, with the estate of a late software billionaire agreeing to a £593 ...

Explainable AI plays a central role in validating model behavior. Using established explainability techniques, the study examines which financial variables drive fraud predictions. The results show a ...

NEW YORK (AP) -- Former WorldCom chief Bernard Ebbers will pay $5 million and transfer nearly all his assets into a liquidation trust to settle civil charges related to the company's accounting fraud, ...

Plastic card fraud has become the most common form of identity theft in the UK, accounting for more than a third of all cases ...

The share of card and internet frauds in the total stood at 66.8% in terms of the number of cases. In terms of amount, the share of advances-related frauds was 33.1%, the report said.