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Maybe I just have fraud on the brain since attending last week’s annual PLUS International Conference in Chicago (see our Web exclusive article on data breach), where the subject came up a lot, but there does seem to be a lot of synchronicity about fraud issues in the zeitgeist lately. 

Just today, National Underwriter posted the findings of a new PricewaterhouseCoopers global economic crime survey showing that insurance was the second most fraud-prone industry, right after communications. It’s not surprising that insurance is a target, given the amount of data used in processing products and services. Typical crimes include asset misappropriation (such as inventory theft), accounting fraud, and bribery — all crimes that are easier to commit because of reduced resources deployed for internal controls, according to PwC.

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