Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Former Postal Worker Sentenced to Probation for Workers’ Compensation Fraud
Jul 22 2024 // \A former U.S. Postal Service employee in Delaware who defrauded taxpayers of almost $100,000 in workers’ compensation benefits has been sentenced to probation. Lakisha Hines was sentenced Thursday after pleading...
Man Admits to Tracking Drivers, Programming Keys, Stealing and Reselling Vehicles
Jul 17 2024 // A New Jersey man has admitted to orchestrating a multistate car theft and fraud ring that involved tracking drivers, programming keys, stealing their cars, and reselling their vehicles. U.S. Attorney Philip R. Sellinger...
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Jul 17 2024 // Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal agreement was signed in...
Viewpoint: Deepfake Fraud Is On the Rise. Here’s How Insurers Can Respond
Jul 17 2024 // It is interesting—and telling—that one of the concerns around generative artificial intelligence has to this point largely revolved around copyright infringement. The most high-profile lawsuits around GenAI have so far...
Fraud’s Foe: How MFA Shuts the Door on Cybercriminals
Jul 15 2024 // As cyber threats become increasingly sophisticated, securing user identities is paramount. Multi-factor authentication (MFA) is a formidable defense, requiring multiple verification methods to authenticate identity. This...
Iowa Woman Sentenced for Pet Insurance Fraud
Jul 11 2024 // An Iowa woman was sentenced on July 2, 2024 after pleading guilty to Tampering With Records (Aggravated Misdemeanor) following an investigation by the Iowa Insurance Division’s Fraud Bureau. Sarah Rahm, age 39, of...
Crypto Hacking Thefts Double to $1.4B in First Half 2024
Jul 8 2024 // The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM...
OpenAI’s Internal AI Details Stolen in 2023 Breach, NYT Reports
Jul 5 2024 // A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company’s artificial intelligence technologies, the New York Times reported on Thursday. The...
Career Criminal Sentenced on More Insurance Fraud Charges in South Carolina
Jul 2 2024 // A South Carolina man with a long criminal history has pleaded guilty to multiple insurance fraud and identity fraud schemes that had netted him more than $139,000. Marcus Blair, of Florence, South Carolina, has been...
Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says
Jul 1 2024 // GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled in June that two of those...
Supreme Court Curbs SEC’s In-House Judges in Fraud Cases
Jun 27 2024 // The US Supreme Court curbed the Securities and Exchange Commission’s ability to press complaints before in-house judges, saying defendants have a constitutional right to make their case to a federal jury when the...
Evolve Bank & Trust Confirms Data Was Stolen in Cyberattack
Jun 27 2024 // Evolve Bank & Trust confirmed it was the victim of a cyberattack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk...
Former Maryland State Employee Indicted in Theft, Insurance Fraud Cases
Jun 26 2024 // Maryland Attorney General Anthony G. Brown announced the indictment of a former state employee in two separate cases involving theft and insurance fraud. Shanell Angelia West, of Essex, was allegedly involved in a theft...
Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges
Jun 26 2024 // A Florida city council member has vowed to return to office after Gov. Ron DeSantis suspended her over allegations that her clinic overbilled and defrauded health insurers. The Miami Herald and multiple news outlets...
The Rise of Strategic Cargo Theft and Steps to Prevent It
Jun 26 2024 // This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high last year — up 57% across North America alone.[1] Most commonly, these thefts are the result of an ongoing misdirection...
BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers
Jun 25 2024 // A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc. The cybercrime...
US Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms
Jun 24 2024 // U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar...
Hackers Auction Off Stolen LendingTree Consumers’ Data
Jun 24 2024 // Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the...
Hackers Auction Off Stolen LendingTree Consumers’ Data: Source
Jun 21 2024 // Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the...
UK Hospital Hackers Claim to Publish Stolen NHS Data
Jun 21 2024 // The cyber criminals taking credit for the hack on London hospitals earlier this month have published what they claim is stolen data from the attack. England’s National Health Service said in a statement Friday it was...
