This guide provides an overview of fraud detection and prevention strategies to help protect your business. It covers the basics of fraud detection, including the different types of fraud, common warning signs, and how to investigate suspicious activity. It also offers practical advice on how
In law, fraud is intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate civil law or criminal law, or it may be an element of another civil or criminal wrong despite itself causing no loss of money, property, or legal right. The purpose of fraud may be monetary gain or other benefits, such as obtaining a passport, travel document, or driver's licence. In cases of mortgage fraud, the perpetrator attempts to qualify for a mortgage by way of false statements.