The Most Common Scams in 2022

In 2022, Documentary Fraud Increased by 100% Depending Archimag. It reaches businesses of all sizes and in all sectors. They must then find a way to protect themselves and their interests and those of their customers.

However, before protecting yourself against fraud, it is essential to understand the different types that exist. Let's discover them in this article.

‍ The Most Common Scams

What are the different types of fraud?

• Everyday Scams : to save on a subscription or even on a product thanks to a specific status: student, job seeker...
  This is materialized by the change of a date or an amount on a document: proof of residence, false school certificate, false employment certificate...
  Everyday scams are carried out using very simple and free software. The latter have an intuitive handling allowing access to everyone, regardless of the level of digitalization of the user. This accessibility and simplicity allow everyday fraud to grow significantly, especially since the Covid-19 crisis and the digitalization of all procedures. These frauds are not the most important pecuniarily speaking, but their high volume now causes most of the damage.
• Insurance scams : there are different types of insurance fraud.
  False claims or amplified declarations. The modification of invoices or estimates in order to earn money beyond repairing the damage. Simulated accident is also a regular insurance fraud. In 2022, 20% of insured persons claim to have already defrauded insurance against 11% in 2021. An increase that is increasing exponentially and allowing real questions to be asked about the current situation for insurance companies.
  Insurance scams are essentially documentary.
• Bank card fraud: They include all the actions that can be carried out on the bank card of others without their consent. They are becoming more and more sophisticated. Today 25% of attacks are made through phishing according to the DBIR 2021.
  The aim of bank card fraud is to make fraudulent payments and thus to embezzle money from individuals for its own benefit.
  Bank card fraud represented 1.24 billion euros in losses in France in 2021.
• Identity fraud: identity theft for the purpose of more or less long-term fraud.
  Once the identity has been defrauded, a multitude of actions are possible: opening online accounts, subscribing to financial services, creating false documents, committing crimes etc. All these frauds will have a real impact on your life. It is therefore essential to protect yourself from it. The first good action is not to communicate your personal information and if there is communication, to flout it. This will make it much more difficult for the fraudster to do so.

💡 Did you know that?
In 2019, the number of identity thefts was estimated at over 650,000.
A known way of retrieving information in order to carry out identity fraud corresponds to false job or apartment offers. In a real estate file, all the information provided: proof of address, identity card, identity card, tax notice, payslips, makes it possible to completely recreate the identity of a person. It is therefore essential to protect yourself against these frauds and to be vigilant.

For a general overview of fake documents, read our article: What are the different types of forged documents?

Emerging Scams

Emerging Scams Are Linked Identity Theft Using Bank Details or Documents and allow, for example, to withdraw money from an account, to use a mobile phone or to receive checks.

Another type of fraud is emerging: identity fraud on social networks.

This phenomenon is experiencing an explosion, especially during competitions offered by brands or influencers. False accounts are then set up, with the aim of scamming the participants in various ways. The final objective is either to recover as much data as possible on this person in order to impersonate him or make him believe that a deposit is required to win this product and thus extort funds from him. In this specific case, different types of fraud are then correlated. Phishing is carried out in order to impersonate an identity or to extort funds via a finely crafted scam.

👉 In order to better understand this phenomenon, Discover the Challenges article and click here!

How do you avoid fraud?

Some security mechanisms make it possible to limit fraud. Internet service providers, banks and financial institutions offer personal data protection services.

Two-factor authentication, available today on most of the media we use, is also a good tool to fight fraud.

It is essential for companies to establish an action plan in order to anticipate, identify and act in the face of this problem.

This includes the purchase or development of IT solutions to support them in limiting fraud or attacks of all types.

Some solutions are integrated directly into your information system or are available in the cloud, which allows you to have access to them regardless of the size of your company and your system.

The advice of the Fin'Equipe

Frauds are growing and are not the same. New fraud methods are emerging every year and that is why research and development on a subject like this must be ongoing. This is what Finovox offers on documentary fraud.

In order to be ever closer to new emerging frauds, Finovox maintains the research and development of its solution constantly thanks to its team of data scientists.

If you are an individual, be careful not to transmit your documents and access to just anyone. Be sure to protect your data well so as not to be a victim of fraud.

As a professional, get to know the scams you could or are a victim of and find solutions to mitigate them.

But don't forget, if it's documentary fraud, the Finovox team is at your disposal, do not hesitate to contact us!

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