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01/04/2022

The Cat’s Outta The Bag – 10 Fraud Predictions for 2022

Frank McKenna

The cat is out of the bag. And you can’t put the cat back in the bag. Once the cat is out of the bag, it’s out for good. 

And if 2021 taught us anything, it’s that chronic fraud – like the cat – is here to stay forever.

The myth that fraud is for sophisticated criminals only is over. It’s too easy to do. It’s far too lucrative. And most of the time there are zero consequences.

Hundreds of Thousands Of New Fraudsters Have Been Activated

The fact is we created hundreds of thousands of new fraudsters and scammers (if not millions) over the last 18 months.

We created financial pressure where they were desperate. We pushed trillions in stimulus money piles for them to take. And then we let social media platforms train them, or recruit them into the dark world of fraud.

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