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With fraud costing insurers and consumers an estimated $80 billion a year, it’s easy to see why so many scammers are finding it a lucrative way to make money. The pain and cost to the victims seems to escalate even as technology has made it easier for fraudsters to steal information and use it in a variety of ways.

Cybercrime risks continue to grow and most businesses still underestimate the impact a data breach will have on their operations, particularly their reputation. Customers are far more likely to leave a company that has suffered a data breach.

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