Fraud can happen to unsuspecting consumers at any time, anywhere. Therefore, it’s important to be aware of the places that fraud most commonly occurs, and the red flags to watch out for in people’s behavior. Fraud could take place in a digital environment, or it could occur when you are in the shop of a supposedly reputable company.
The following are some of the most commonly reported incidences that can take place in the United States.
Medical-related consumer fraud
There are many instances when medical professionals commit insurance fraud by taking advantage of their patients. This can occur quite simply by billing the insurance company far higher than the standard costs of a particular procedure. Another way that medical-related fraud can take place is when a doctor or other medical professional says that you need unnecessary services, driving up the costs for you or your insurance company.
Many types of fraud can involve cars. This can often be in the form of car accident insurance fraud. This might mean that both people in the accident declare that the damage was far worse than it was, or claim for damages but never actually get the car fixed.
Phony internet sellers
Buying things online is an easy way to become a victim to fraud. You may pay for something promised to you and never receive it, or accidentally give away your credit card details to a fraudulent source.
Consumer fraud though deceptive tactics can take place in almost any situation, and therefore, it is important to take adequate steps in order to prevent it.
Source: Business insurance, “10 Most Common Types of Insurance Fraud,” accessed Nov. 14, 2017