Home Business Arizona ranks 6th in fraud with a 138% increase

Arizona ranks 6th in fraud with a 138% increase


Fraud cost Arizona residents over $69,500,000 last year. That’s a 138.0%, increase from 2019, the 6th highest increase in the nation.

QuoteWizard, a LendingTree company, and one of the nation’s leading online insurance marketplaces, released a new report on the skyrocketing cost of fraud in America.

READ ALSO: How to mitigate business fraud during COVID-19

In addition to increases in Arizona fraud, our team of insurance analysts found that fraud increased by over 97% in the last year, costing Americans more than $2.3 billion.

“The increase in fraud is directly tied to the ongoing pandemic. Criminals took advantage of relief efforts and we saw job-related scams, credit fraud and identity theft increase by more than 100%,” said Nick VinZant, Sr. Research Analyst and Insurance Expert with QuoteWizard.

The increase in fraud hit some states particularly hard. Nebraska saw a 193% increase in fraud losses, while California lost over…

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