The spectrum of simple to sophisticated fraud can vary widely.
However, both ends and everything in between can create tangible problems.
Duplication Fraud
Multiple claims submitted by the same person using different combinations of their own personal information to try to trick reviewers.
Fake Identity Fraud
Claims created in giant volumes using completely fake personal information that is not associated with any real people.
Synthetic Identity Fraud
Claims created using a mix of verifiable & fake personal information that is not owned by the submitter, and often created in bulk.
Account Takeover Fraud
Claims submitted with payment accounts that have been hacked and are not owned by the claimant but used to intercept payments.
