Disaster Fraud

The world has had its fair share of disasters (natural and terrorism related) over the last ten years. As an economic crime and fraud professional with extensive insurance experience, I am aware there is a direct connection between disasters and fraud. In fact, every time one occurs, we see more fraud committed against insurance policies, programs and funds established to assist victims. This has me pondering key fraud prevention measures that should be ramped up to prevent criminals from taking advantage of the system, the funds and the people who need the assistance the most. While legitimate victims need the money in short order, the fast track method (pay now – question later) used to facilitate getting people the financial support they desperately need is undoubtedly also one of the core elements criminals count on to commit fraud after a disaster occurs.