House of Cards – 1 In 5 Auto Loans Contain Income Fraud
An article in the Wall Street Journal was published which indicated that 1 in 5 borrower applications have inflated incomes. The article written by Ben Eisen exposes some dealers that lie about the income to get loans approved and put the borrowers in cars that they could not otherwise afford. The article also indicated that, […]
SWIFT Fraud is Rising According to New Report
A new report released today by EastNets reveals that SWIFT related fraud attempts are on the rise and not declining. According to the report, SWIFT payment fraud is on the rise, and there is strong evidence that banks are not adequately preparing themselves to combat the threat. In addition to various high-profile incidents of bank […]