It’s been a long, cold winter, which makes this Spring a much-anticipated season. As we shed our puffy coats, boots and gloves we must sharpen our attention on protecting our businesses and personal finances. For with the warmer weather comes a season often fraught with scams and fraud. Typical Spring fraud schemes include tax refund theft, dumping cars that have been damaged in floods, phony online vacation property rentals and storm-chaser fraudsters posing as home contractors. The warm weather also brings us into a season of increased fraudulent workers compensation and disability claims related to outdoor jobs; and more improper insurance claiming activity related to staged crashes and intentional property destruction.
On a personal level, we can avoid scams by only using secure Wi-Fi networks for transactions that include sensitive data; and by checking references and third party sources before doing business with an entity or purchasing goods and services. For businesses susceptible to fraud from insurance scams, investigation services including subject surveillance, expanded background checks, social media monitoring and professional witness and subject interviews will go a long way to ensuring that businesses only bare the expense of legitimate claims.
With the right personal and business protections, Spring can be enjoyed to its fullest. How will you protect yourself?