Fraud Prevention Month 2015: Top 7 Fraud Predictions from ACFE

March is Fraud Prevention Month in Canada. In cooperation with the Government of Canada, the Canadian Anti-Fraud Centre, and many other organizations, we at The Benefits Trust do what we can to raise awareness throughout the month and beyond.

Benefits Fraud, Fraud PreventionFraud is a serious issue in Canada and worldwide. The Benefits Trust strongly believes in fraud prevention – whether it is healthcare fraud, benefits fraud, occupational fraud, identity theft, credit card fraud, and the list goes on. Prevention starts with awareness of what types of fraud are out there. Then you can get more information about how you can protect yourself or your business from them.

Unfortunately, most Canadians have been or will be the target of fraud. Just think of all those untrustworthy emails you receive regularly asking for your banking information or passwords. Those are only the tip of the iceberg when it comes to fraud and scams.

As the world’s largest international anti-fraud organization, The Association of Certified Fraud Examiners (ACFE) focuses on providing valuable fraud training and education to people around the world.

The fraud experts at ACFE have provided a list of their top fraud predictions for 2015, which have an impact on us all as we try to prevent and report any fraud we encounter.

ACFE’s Top 7 Fraud Predictions for 2015

  1. 1. Technology will increase the sophistication of fraud schemes.
  2. 2. Technology and data analytics will help catch fraud.
  3. 3. Improving information security will be a major priority for everyone (large organizations, small businesses, individuals, etc.).
  4. 4. Digital currencies (e.g. bitcoin) will change what types of fraud are possible for 5. retailers and consumers.
  5. 6. More people will report fraud as protections for whistleblowers increase.
  6. 7. Financial statement fraud will re-emerge.
  7. 8. Credit card security features will continue to evolve.

Click here to read the ACFE’s full article, “Top Fraud Predictions for 2015: Technology Will Shape the Fight”.

Fraud Prevention Resources

If you would like to participate in the conversation on Twitter with the CHCAA during March, use the hashtags #hcfraudaware, #FPM2015, or mention @joel_CHCAA.

>> Contact us to discuss how a well-designed benefits plan can reduce the potential for healthcare fraud.

More about Fraud from The Benefits Trust:

Mike Ignatz

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