Mercury Insurance’s special investigations unit has discovered fraudulent claims reported for smoke and ash damage all filed by the same public adjuster.
Marriott International confirmed Tuesday that unknown criminal hackers broke into its computer networks and then attempted to extort the company, marking the latest in a string of successful cyberattacks against one of the world’s biggest hotel chains.
New South Carolina grand jury indictments have been filed against controversial insurance fraud attorney Alex Murdaugh and his alleged accomplice Curtis Eddie Smith. Murdaugh, 54, is currently in jail on a $7 million bond following more than 70 criminal charges including embezzlement, breach of trust, fraudulent intent, money laundering, computer crimes, and forgery.
A former electrician who was claiming benefits for a 2013 injury evidently forgot the internet era’s first rule of disability fraud -- don’t let anyone post anything about you on social media ever.
Americans are experiencing far more attempts to be scammed this year than in previous years, according to the first quarter report from Allstate Identity Protection (AIP). The spam people are receiving is coming from many different directions such as texts and calls.
While fraud has existed for as long as there have been companies, when changes occur in how an organization operates, new doors open for people inside and outside an organization to steal. Recent macroeconomic events involving supply chain slowdowns, flexible work arrangements and rising inflation have paved the way for a possible uptick in such crimes.
Some good news on the deepfake front: Computer scientists at the University of California have been able to detect manipulated facial expressions in deepfake videos with higher accuracy than current state-of-the-art methods.
As a fraud investigator prepared to revoke the license of a Lafayette insurance agent and fine her $10,000, there was one final step before taking action: getting approval from Louisiana Insurance Commissioner Jim Donelon.
Heading into a special session to address the state’s troubled property-insurance market, legislative leaders said late Friday they will focus on issues such as roof-damage claims, litigation and reinsurance.
A lawsuit by the insurance company that paid off an allegedly bogus $3.8 million claim by lawyer Alex Murdaugh after the death of his housekeeper cites Murdaugh’s ‘depravity’ and alleges new details of an alleged scheme he cooked up with another lawyer and a banker.
A Clermont County man accused of creating an elaborate scheme to burn down his own house and frame his girlfriend will not face and jail or prison time.
A recent study by IBM and the Ponemon Institute quantifies the rising cost of data breaches as workers moved to remote environments during the coronavirus pandemic. According to the report, an average data breach in 2021 cost $4.24 million – up from $3.86 million in 2020. However, where remote work was a factor in causing the breach, the cost increased by $1.07 million.
Phishing. Smishing. And vishing. Three ways hackers are targeting employees in an effort to infiltrate companies and gain access to sensitive information.
The United States has linked North Korean hackers to the theft of hundreds of millions of dollars’ worth of cryptocurrency tied to the popular online game Axie Infinity, the U.S. Treasury Department said on Thursday.