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Fraud accounts for a roughly $80 billion annual loss for U.S. consumers, according to the Coalition Against Insurance Fraud.
Purely digital transactions and the growing availability of personal data for sale is driving this trend, LexisNexis reported.
Insurance fraud is a $30 billion a year problem, and most insurers believe scams are on the rise.
Increased digitalization should spur insurance executives to be even more sensitive to this risk.
Fighting fraud in the call center can be particularly challenging for property and casualty insurance providers.
As communities begin to emerge from pandemic shutdowns, insurance claims will rise, and so will fraud opportunities.
While this list is specific to New York, these types of consumer frauds are likely applicable to consumers everywhere.
With so many working remotely, cybersafety becomes a paramount concern for businesses and their employees.
The exposure of supply chain weaknesses spurred investments in automation at warehouses and other businesses. Now what?
Seniors and remote workers are both being targeted by scammers who play on people's pandemic fears.
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