Matt Price, Head of Intelligence and Investigations, Americas at Binance talks using digital forensics to investigate cryptocurrency fraud and financial crimes in this podcast episode.

Opportunities for fraud rings to do their nefarious deeds are high. Still, there are ways for businesses to fight back.

Scammers have used the COVID-19 pandemic to target fraud victims, according to the Federal Trade Commission (FTC). The agency has received over 292,000 reports of COVID-19 scams since the pandemic began.

A decade-long employee pled guilty to stealing almost $1.7 million in funds from the law firm for the last eight years of her employment.

The FBI’s Internet Crime Complaint Center (IC3) reported an increase in the number of complaints from 301,580 in 2017 to 351,000 in 2018, with losses exceeding $2.7 Billion.

As the ethics crisis at FIFA continues to play out in the news, it would be easy for business leaders to dismiss the headlines as uninstructive, even irrelevant. 

U.S. respondents reported that the fraud incidence rate doubled to 16 percent from 8 percent over the last two years, according to the 13^th EY Global Fraud Survey, Overcoming Compliance Fatigue: Reinforcing the Commitment to Ethical Growth, 

Security researcher Brian Krebs has uncovered the involvement of credit bureau Experian in an ID theft operation, according to ZDNet. Experian became involved through their March 2012 acquisition of Court Ventures.

One financial analyst stole nearly $3.4 million from payments due to Medicaid, and the healthcare system only discovered the discrepancies after the worker's death last year. 

By pretending to be executives at a well-known financial institution, the alleged scammers created a bogus line of credit and spent upwards of $220,000.