Financial Fraud

Synthetic Identity Fraud — Hurts Real People

Synthetic Identity Fraud — Hurts Real People The New Battle In Financial Fraud A SCARS Insight “Fake” Synthetic Identities Hurt Real People According to Sontiq: Over the last few years, synthetic identity fraud has taken off. Once considered a complex and expensive crime to commit, synthetic ID fraud cost U.S. banks $1.8 billion in 2020 and is on track to cost banks $2.4 billion by 2023. Meanwhile, the U.S. [...]

Recognize Counterfeit U.S. Money

Recognize Counterfeit U.S. Money A United States Secret Service Guide Provided by SCARS Do You Know Your Money? Learn How To Spot Counterfeit Currency With This Guide! Counterfeiting currency has been going on since people began using money. It has been dubbed “the world’s second-oldest profession” in some quarters, and we’re not talking about wooden nickels. According to the United States Department of Treasury, an estimated $70 million in [...]

The Silent Threat – The Impact of Fraud on UK National Security – a SCARS Special Report

The Silent Threat - The Impact of Fraud on UK National Security By Helena Wood, Tom Keatinge, Keith Ditcham, and Ardi Janjeva A SCARS Special Report A U.K. Government Think Tank Research Paper Presented by SCARS for Public Discussion FRAUD AGAINST UK citizens, businesses and the UK public purse has reached epidemic levels – it is the ‘volume crime of our time’. Extracted from the report (U.K. English) [...]