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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.

Graph algorithms can help insurance providers to uncover hidden relationships between potential fraudsters.

Andrew Lipton, head of cyber claims at AmTrust Financial Services, outlines what a cyberattack looks like from a company's perspective.