The Commercial Fraud Shell Game – WHITEPAPER

IDENTITY THEFT AND OTHER forms of fraud have understandably commanded significant media and regulatory attention,but a large amount of fraud flies under theradar, going undetected as bad debt.
Industry executives Experian has talked with estimate that some 30 percent of all commercial credit losses can be attributed to false or misleading information that went undetected through the approval process. Some put such “soft” fraud losses as high as 40 percent to 50 percent.

That means a large chunk of bad debt could be mitigated if there were a way to differentiate fake from factual information. This raises questions for the commercial credit industry.

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