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... articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back 10 Ways To Fight Telephone Fraud 5/21/2013 12:00:00 AM by CompleteMarkets Editor , Peter Van Aartrijk 3 Verified Reviews - 5 of 5.0 1 2 3 4 5 Telephone industry analysts estimate that telephone fraud in the United States costs businesses and residences as much as ... 4 billion per year. Whether you're installing a new phone system or just want to take full advantage of your present system, you should protect your agency from costly phone fraud. While computer hackers may break into telephone systems for thrills, other criminals make a living at it. These lawbreakers often sell their services to retailers' who offer stolen phone-access numbers to drug traffickers or illegal immigrants. This underground service can translate into expensive calls to far-off destinations in a brief time. The major long-distance carriers all offer protection packages that vary ... read or key in their calling-card number. Phone companies say they will never call a customer for verification of a personal identification number (PIN), so employees shouldn't give it out to any caller. 8. Consider insurance. Yes, even insurance agencies may need coverage for toll fraud. If you have a PBX system: 9. Conduct a monthly security audit on your PBX system. Check authorization codes. 10. Consider buying a PBX protection package. It can help you monitor potentially fraudulent activity, such as repeated searches ...

...h, transatlantic cable, telephone, and wireless communication service...propriation of ideas. Rewards coverage that pays for information that le...

... Failure to obtain available coverage Failure to inform when coverage not available Misstating facts in the application or misstating coverage Failure to advise what coverage the client should get Placing coverage with an insolvent carrier 4.2....8, 4.3, 4.5. Is my insurance coverage adequate, or are there gaps that ...

...the payment was due, the insured telephoned the Los Angeles County Sheriff's o..., and no prosecution is expected. The fraud bureau is simply inundated with fraudulent insurance claims and must lim...

...fendants. Recently, I received a telephone call from an investigator who had b...y.   Copyright, The John Cooke Fraud Report. Reprinted with permission.

...ability claims. The client whose telephone calls are returned, and who is kept...asons other contracts can be avoided (fraud, mistake, etc.). Employment law i...

... expense accounts, long-distance telephone calls, completion of insurance appl...mp;quot;business as usual." FRAUD RISK QUESTIONNAIRE Do any k...

... was less than $1 ,000. The insured financed the premium with a local insurance financing company and had to make a down payment of only $200. His first payment was due 30 days later. Two days before the payment was due, the insured telephoned the Los Angeles County Sheriff's office from a Denny's restaurant in Lakewood, CA, and reported his Rolls-Royce stolen. He told the police he had driven it to the restaurant for lunch, and when he returned, his car was gone. The police dutifully took ... you do no more than you are required by law to do. Classic Car was saved a $100,000 claim. It spent $30,000 investigating the claim and defeating it. It was lucky. No litigation ensued. It reported the loss to the fraud bureau, which now has the insured's name on record. There has been no prosecution, and no prosecution is expected. The fraud bureau is simply inundated with fraudulent insurance claims and must limit its prosecutorial efforts to major crimes that exceed $1 million. Copyright ... he had taken at the dealership. Classic Car Insurance Co., taking his application on face value, issued the policy. Since the car was to be driven only 1,000 or fewer miles per year, the premium on the policy, including third-party Liability coverage, was less than $1 ,000. The insured financed the premium with a local insurance financing company and had to make a down payment of only $200. His first payment was due 30 days later. Two days before the payment was due, ...