Yonhap Infomax NewsSep 24
South Korea's Financial Supervisory Service reported auto insurance fraud surged to 82.4 billion won ($60.5 million) in 2024, driven by accident manipulation and false claims, prompting a regulatory crackdown and enhanced consumer warnings.
#YonhapInfomax #FinancialSupervisoryService #AutoInsuranceFraud #InsuranceClaims #RegulatoryCrackdown #FraudulentClaims #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83200
Auto Insurance Fraud via Accident Manipulation Hits 82.4 Billion Won Last Year—FSS Vows Aggressive Crackdown

South Korea's Financial Supervisory Service reported auto insurance fraud surged to 82.4 billion won ($60.5 million) in 2024, driven by accident manipulation and false claims, prompting a regulatory crackdown and enhanced consumer warnings.

Yonhap Infomax
ITSEC NewsMay 20, 2020
Fraudulent Unemployment, COVID-19 Relief Claims Earn BEC Gang Millions - The business email compromise (BEC) gang Scattered Canary has filed more than 200 fraudulent claim... more: https://threatpost.com/fraudulent-unemployment-covid-19-relief-claims-earn-bec-gang-millions/155925/ #businessemailcompromise #usunemploymentclaims #nigerianthreatgroup #fraudulentclaims #scatteredcanary #pandemicrelief #websecurity #coronavirus #government #caresact #covid-19 #fraud #bec
Fraudulent Unemployment, COVID-19 Relief Claims Earn BEC Gang Millions

The business email compromise (BEC) gang Scattered Canary has filed more than 200 fraudulent claims for unemployment benefits and for COVID-19 relief funds.

Threatpost - English - Global - threatpost.com