Fraud risks grow as cost of living soars - FORECLOSURE FRAUD

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Fraud risks grow as cost of living soars

Fraud risks grow as cost of living soars

The legacy of the Covid-19 pandemic, a global lack of goods and materials, and Russia’s war in Ukraine have each combined to produce a cocktail of economic woes that is proving hard to swallow. Add to this underlying anxiety regarding the climate.

Whether this conveyor belt of crises is unique to our age or is the permanent nature of human affairs is anyone’s guess. What we do know is there is a significant minority who will act to rescue or improve their financial health. Just as fraud grew during the pandemic, so will it now flourish with prices at historic highs.

One could argue this is due, in part, to fatigue: constant vigilance against a plethora of threats, abetted by advantageous conditions like the pandemic, takes its toll. This is a problem, and we need smart thinking to prevent morale from being sapped by wave after wave of novel fraudulent activity.

To continue reading the rest of the article, please click on the source link below:

https://www.complianceweek.com/risk-management/fraud-risks-grow-as-cost-of-living-soars/31971.article

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