Fraud

Aviva Canada, an insurance company, found out that workers employed at some auto body shops would deliberately damage vehicles, bill for towing that never happened, and create invoices for phantom repairs. What is even more shocking that only 1 out of 10 repair outfits acted honestly according to Aviva?s investigation.

It is sad to note that the people we are supposed to trust are turning to fraud, placing more pressure to private individuals and business owners alike to have adequate fraud prevention policies in place. The same pressure was certainly felt by Canada?s military justice system when it had to charge the Force?s highest ranking judge for inappropriate behaviour and fraud recently.

Pharmacy fraud is a bitter reality in Ontario same as other types of fraud that have proliferated over the years. And with health-related fraud cases on the rise causing a huge loss in taxpayer money, shouldn?t it be time for the proper authorities to act promptly?

A recent report shared that the Ministry of Health and Long-Term Care was able to recover around $5 million per annum from its pharmacy inspections, bringing to light how much more we?re losing to pharmacy fraud. In fact, estimates place it at more than $100 million a year!

We recently talked about our Top 2018 Cyber Security Predictions and here is the second and last part to this series. Cyber security threats are on the rise and it won?t hurt to be as well-informed as possible to keep your business and private accounts safe. Here are more internet security predictions you should keep a watchful eye on this year.

Spring 2018 will bring in some changes with how auto insurance fraud cases are handled, starting with the slated opening of a dedicated Serious Fraud Office. The new government office will focus on protecting accident victims and cracking down on auto insurance fraud offenders.

Ontario is looking into ways to push for changes in the auto insurance industry to help try to combat fraud and eventually reduce premiums. This is in view of the reported cost of auto insurance fraud totaling to an estimated $1.6 billion a year as shared by Finance Minister Charles Sousa. He said it is now time to put a stop to the fraud, a move that may create new challenges for real crash victims.

Investigators are warning Mandarin speakers in the GTA that they?re being targeted for a scam by fraudsters pretending to be Chinese authorities. The scammers typically accuse their victims of money laundering, as shared by the police.

Police are sounding the alarm due to the increase of cases of Bitcoin fraud lately, more so that recovering any money or tracking it down is nearly impossible because cash becomes untraceable when it is converted into the cryptocurrency.