(Washington, DC) With a string of recent incidents in which sensitive individual data were stolen from both businesses and financial entities, and with financial-services fraud on the rise, the District of Columbia Department of Insurance, Securities and Banking (DISB) has doubled its efforts in its continuing fight against fraud.

 

“Fraud affects everyone and its impact is felt worldwide,” said DISB Commissioner Thomas E. Hampton. “Today, both business and government organizations face new challenges in the effort to detect, prevent and investigate fraud.” 

 

DISB has joined the worldwide effort spearheaded by the Association of Certified Fraud Examiners, a global association of members in over 100 countries dedicated to fighting fraud, as it supports the National Fraud Awareness Week, July 9-14. This information-driven campaign is committed to increasing fraud awareness and promoting the fight against various types of fraud in the financial-services industry—whether it is insurance, securities or banking fraud. According to a 2004 Report to the Nation on Occupational Fraud and Abuse, US entities lose more than $600 billion annually to fraud and abuse.

• What You Need to Know About Fraud*
• Fraud Awareness Week Mayoral Proclamation* 
• Preventing Bank Fraud*
• Preventing Identity Theft*
• What Is Insurance Fraud?*
• Preventing Securities and Investment Fraud*