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According to TransUnion's quarterly fraud report, insurance was one of only two industries that saw an increase in digital fraud globally YoY.
Applying for auto insurance can be a complicated process for nonbinary people and insurance companies alike.
More than two-thirds of retailers said the pandemic heightened the risk of organized crime, according to the National Retail Federation.
Insurers should be at least experimenting with synthetic data, which can address a variety of AI challenges, by early 2022.
At hand in the case was the theft of gold coins worth more than $1 million in which fraudulent checks were used to scam a dealer.
The state commissioner's March 2021 order prohibited insurers from using credit scoring to set insurance rates.
Purely digital transactions and the growing availability of personal data for sale is driving this trend, LexisNexis reported.
The Illinois Supreme Court ruled on a class-action suit that claimed a tanning salon violated BIPA by sharing fingerprint data with a third party.
Ransomware demands increased nearly threefold during the past 12 months, while less sophisticated intrusion techniques were deployed.
Across cohorts, policyholders with low credit scores were disproportionately impacted by rising home insurance rates.
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