'The New Normal': Fraudster paradise, insurer nightmare

A silo-ed business structure can make it difficult for insurers to recognize and coordinate fraud response efforts. Fraudsters know this, and take advantage by attacking from every direction. (Shutterstock)

In March, the abrupt shift to remote living caused chaos for businesses and consumers alike, with many turning to computers and other devices for work, school, socializing and even grocery shopping.

Throughout this chaos, many consumers failed to put in place the proper security measures to protect their new remote life. In fact, according to a recent Pindrop survey, 70% of consumers did not even take basic precautions like varying their passwords across different accounts, leaving them vulnerable to phishing and other attacks.