Boca Raton, FL -- (SBWIRE) -- 05/03/2012 -- Frauds are extremely prevalent in today’s economy. Increase in the number of fraud cases has resulted in fraud investigations. have also become very widespread in the society. Fraud investigation is done with the the help of fraud investigation resources. One of the commonly occurring frauds in today’s world is the insurance fraud. Insurance fraud investigation resource mainly involves an insurance fraud investigator. Police departments often use internal resources as well as private investigator resources to combat the frauds in the insurance sector. They imply heavy penalty and imprisonment if the fraud is successfully tracked. They use various fraud investigation tools for tracking the various kinds of fraud.

Frauds are extremely common in every field, including retail, trade, finance and insurance. With the advancement of technology, certain fraud detection softwares have come into the market. There are certain companies which produce data solution and specialize in fraud prevention and detection. They also help in debt recovery and prepare risk management tools for due diligence. But the industries who maintain a lot of data under one head are always prone to frauds. So, it is very important to protect the data through various softwares and keep a strict vigil on the confidential database of the company.

Frauds are abundant in the case of tenants. Landlords, who want to get some money through leasing their apartments on rent often come across default tenants. They pay up nicely for some months and start defaulting thereafter. Sometimes they abscond without paying rents for a certain period. Then the landlords have no option left. They resort to collection agencies that provide them skip trace services. The collection agencies use the skip trace software to locate the defaulters. They often call up defaulters’ relatives and friends or previous landlords to track the person. They also use skip trace tools which include the unique identification number generated against the person. Nowadays, skip tracing has become very popular to track the fraudsters.

There are various companies that help in tracking fraudsters. One such company which has developed a fraud detecting software is TLO. It has a database for background research and helps the clients in due diligence investigation. To know more the services, visit http://www.tlo.com today!