What Is First-Party Fraud?
FICO
MAY 19, 2021
In my personal experience, first-party fraud typically comprises around 10% of the volume of credit losses (also known as bad debt) but, alarmingly, more than 20% of the value. As pressure on the bottom line persists in 2021, it pays to put more focus on first-party fraud and take decisive action now. A Drain on Profitability.
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