LexisNexis Risk Solutions launched the LexisNexis Fraud Defense Network, a first-of-its-kind alliance that seeks to link organizations across all industries with resources, information and actionable intelligence to predict, detect and mitigate the risks that fraud presents.
Perpetrators who have engaged in fraud are likely to strike again, but often in a different industry. By creating an alliance that aids all industries to share information, organizations can better mitigate daily risks fraud presents.
"Professional thieves don't have a particular bias for a given industry," said John Lorimer, vice president of analytics and product management at LexisNexis Risk Solutions. "Instead, they tend to follow the money, deliberately exploiting gaps in the system to perpetrate fraud and hide their tracks."
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