First-party fraud can appear in a variety of different ways. In the financial sphere, it can look like someone applying for a loan, knowing they won’t pay it back or filing a false chargeback claim. However, it is not limited to the financial industry. Examples of first-party fraud include:
- A gym-goer forgetting to cancel their membership.
- A customer claiming that an order never arrived or arrived damaged.
- Someone blaming their child for making a purchase on their parent’s device.
