What is mortgage fraud? Mortgage fraud is a serious crime that involves the intentional misrepresentation or omission of information on a mortgage application. This deceit is aimed at securing a larger loan than would be allowed under truthful circumstances, benefiting either the borrower or lender. Mortgage fraud can disrupt the financial system, lead to significant financial losses, and, in many cases, result in legal consequences for those involved. Types of mortgage fraud : Income fraud : Borrowers lie about their income, often inflating it, to qualify for larger loans. Appraisal fraud : Appraisers or other individuals inflate or deflate property values to sway loan decisions. Occupancy fraud : Borrowers claim they will occupy the property as their primary residence to secure better terms, even though they plan to rent or sell it. Identity theft : Fraudsters use stolen identities to apply for mortgages, leaving the victim responsible for the debt. Straw buyer scheme : An indivi...

Organizations often prioritize security against external threats like hackers and malware. However, a more insidious danger lurks within: insider threats . These threats arise from malicious or negligent actions by employees, contractors, or other individuals with authorized access to an organization's sensitive data. Types of insider threats: Malicious intent: Espionage: Deliberately stealing sensitive information for personal gain or to benefit a competitor. Sabotage: Intentionally disrupting or damaging critical systems and data. Fraud: Embezzlement, financial fraud, and identity theft. Negligence: Accidental data breaches: Unintentional sharing of confidential information via email, cloud storage, or social media. Poor security practices: Failing to follow security protocols, such as using weak passwords, leaving devices unattended, or ignoring security warnings. Human error: Mistakes such as misconfigurations, accidental deletions, or data entry errors. Why are insider t...