Keep Your Friends Close and Your Friendly Fraudsters Closer

• Mar 11, 2023
• By PJ ROHALL

It should come as no surprisethat fraudsters are cashing in on the pandemic,but when you look at who the perpetrators are, you might be intrigued. Beyond your traditional criminals and identity thieves, there are "good" customers who have fallen on hard times and are struggling to pay bills and purchase necessities. Stuck between a rock and a hard place, they begin exploring illegal options they previously would have not considered - and this is where friendly (or first party) fraud originates. Quite frankly, the "why" isn't that tough of a nut to crack; it's the "how" that is much more interesting. Let's look at the proble...

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