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Reported loss bound to be suspicious (8)

Ross

I believe the answer is:

mistrust

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'reported loss' is the definition.
The definition and answer can be both human attributes as well as being singular nouns.
Maybe there's a link between them I don't understand?

I can't explain the rest of the clue.

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(Other definitions for mistrust that I've seen before include "Regard with suspicion" , "Suspect (someone)" , "Have no confidence in (someone)" , "reservations" , "Lack of belief (in someone)" .)

I've seen this clue in The Independent.
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