A survey found 37% of Americans face fraud following natural disasters, with identity theft, government assistance fraud, and loan scams being common. Types of fraud experienced include identity theft (14%), government assistance fraud (11%), and loan scams (11%). Residents in the north-east and south are more susceptible at 40% compared to the Midwest at 31%.

48% of Americans lack personal insurance coverage for fraud-related losses during disaster recovery. Among business owners, 64% have insurance protection against fraud-related losses. AICPA emphasizes the need for enhanced tax relief measures for those affected by natural disasters, with 35% of respondents valuing extended tax filing and payment relief periods post-disaster.

The AICPA survey highlights the importance of staying informed and developing a comprehensive plan supported by appropriate documentation for effective recovery from fraud post-disaster. More than a third of respondents value extended tax relief measures post-disaster, with nearly 32% of Americans not taking steps to protect their financial interests against disasters.

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