Emily Clarke

Most Common Types of Fraud in The U.S.

Fraud is a term that is used to define acts carried out through deception. Most often, fraud is used in the criminal justice space to define crimes involving deception and the loss of money. However, there are different types of fraud crimes out there.

Below is a list of the most common types of fraud in the United States:

Bank Fraud

Bank fraud involves the use of deception to access funds or transfer funds to a different account. Bank fraud may also be invoked when someone knowingly writes a bad check to pay a debt.

Online Fraud

Online fraud covers a range of crimes by deception, including identity theft and phishing scams. Although the Internet is a powerful tool, it also provides many ways for criminals to commit fraud.

For this reason, cybersecurity firms place a large emphasis on fraud detection. The use of fraud detection tools is heavily employed in systems using banking software, and many major retailers also use software that sends an alert if fraudulent activity is suspected.

Mail Fraud

Mail fraud may not be as prevalent today as it was in the past, but it is still an issue. Someone commits mail fraud when they knowingly use the postal system to deceive someone. An example may be where a criminal mails you a deceptive letter that appears to be from a government agency demanding funds.

Healthcare Fraud

Healthcare fraud takes place when someone knowingly seeks funds from an insurance provider for services that were never rendered. The Medicare program has struggled with healthcare fraud in the past as suppliers of healthcare products were fraudulently billing the program for medical devices that were never prescribed or ordered.

Voter Fraud

Voter fraud is a crime in which someone represents themselves as a different person for voting in an election. Someone may be charged with voter fraud if they were to tamper with ballots that have already been completed and cast or if they were to manipulate systems used for electronic voting.

Author Resource:-

Emily Clarke writes about identity verification and business verification service. You can find her thoughts at id verification service blog.