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DWF 3Sixty Blog

How to Detect a Liar & 7 Key Signs of Fraud

Posted by Abigail Moss on Jul 4, 2016 2:32:12 PM

Fraud is a common crime in the UK and can badly effect businesses and their profits.

"Fraud affects 1 in 4 small businesses every year. Last year fraud losses to SMEs were estimated at £18.9 billion."- Action Fraud Police

Many fraudsters these days have a variety of ways of committing fraud and most "get away with it"  by transferring money between accounts and taking out cash payments to avoid getting caught.

Lying and fraud go hand in hand, so in this post we cover how to spot a liar and the key signs of fraud you should be looking out for.

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Topics: Fraud, insurance fraud, HSE

Ghost Brokers: Beware

Posted by Elliott Seaton on Feb 24, 2016 1:53:30 PM

 
Insurance Fraud feels like an issue that has been around forever. Whether it's a fraudulent claim being made, or a false policy being sold, it's a problem that needs directly investigating and exposing. The Association of British Insurers (ABI) reported that Insurers uncover 350 insurance frauds amounting to to £3.6 million, every day. Frauds uncovered in 2014 were double the reported cost of retail crime.

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Topics: insurance fraud, brokers

Strategic and tactical fraud busting

Posted by Tristan L Dorman on Feb 12, 2016 3:42:09 PM

In recent independent research commissioned by 3sixty Systems, Insurance Managers in Councils and Housing Associations were surveyed about the issues they are facing.

One of the less surprising themes that emerged was the pressure that all departments were facing on resources.

An increase in handling fraudulent claims was identified as one of the main reasons for the growing strain on claims departments (download the full whitepaper here).

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Topics: Fraud, insurance fraud, insurance