General Learning Fraud Claim (Learning Guide)

What is Fraud?

• Wrongful deception with the intent to gain personally or financially.

• Intentional deception in order to persuade another person to part with something of value.

• A person who pretends to be something or someone he is not.

Fraud is about 0.1% of ALL credit /and or debit card transactions annually. This has  DECREASED with more sophisticated fraud detection tools which has improved security and protection overall.

Type of Frauds we'll encounter:

• Identity Theft - One of the most commonly perpetrated types of fraud in this age, identity theft robs victims of their money, credit rating, and personal identity. Fraudsters obtain credit card, bank account, and other personal information, using them for personal gain.

  • Credit card fraud - By obtaining people’s credit card information, through a variety of means, the perpetrator can quickly make a large amount of purchases before the consumer even realizes what is happening. Credit card fraud is classified as identity theft, identity assumption, or a fraud spree, depending on the specifics of the crime.

Sample Fraud Claim Call:

Nymbus Fraud Claim: