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Large vessel fraud is fueled by economic and world events.
Advanced editing technology is making it easier for anyone to change online avatars or create synthetic personas.
Find expert technology partners with insurance-industry experience who can help implement tools that bring quick returns.
Social engineering attacks rely on humans to succeed and organizations must focus on training that includes simulation exercises to mitigate risks.
Demand is up more than 50% and rates for higher-risk businesses are up double-digits in the past 12 months.
Insurance fraud perpetrators are often intelligent, well-organized criminals who capitalize on carrier weaknesses.
Smaller insurers became a favorite target for the LockBit ransomware gang during Q1 2022.
Fraud adds 5%-10% to the total claims paid following a disaster, according to the NICB.
According to TransUnion, these nine industries saw the biggest changes — both positive and negative — in reported fraud over the last year.
Plus review the latest data breach details from the first quarter of 2022.