Psychology of Fraud

<p>Estimates reveal that insurance fraud costs $80 billion per year—and that’s just in the United States of America. That translates into almost $1000 annually per household.</p><p>Weak preventative controls and paltry punishments make insurance fraud particularly attractive to criminals who often use it as their preferred vehicle for funding organized crime and terrorist activities.</p><p>J. Michael Skiba examines why insurance fraud is seen as a low-risk high-reward offense and the toll it takes on society. He also highlights how criminological theory can be used in a counter fraud setting; how pressure opportunity and rationalization form the basis of insurance fraud; and how to identify where you’re most vulnerable.</p><p>By learning how the mind of a fraudster works you’ll be equipped to fix problem areas. More importantly you’ll have the insights you need to develop a comprehensive anti-fraud program.</p><p>Reduce the opportunity to commit insurance fraud mitigate losses boost profitability and save honest customers money by drilling down into the Psychology of Fraud.</p>