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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.

Ransomware demands increased nearly threefold during the past 12 months, while less sophisticated intrusion techniques were deployed.

Quiggle monitored the fraudulent activities of countless bad actors, protecting policyholders and insurers around the globe.

These bad actors are accused of committing a range of crimes, from embezzling premium payments to acting without a license.

Increased digitalization should spur insurance executives to be even more sensitive to this risk.

Driver's license details are becoming a hot commodity for bad actors seeking to claim unemployment benefits fraudulently.

Insurance fraud is one of America's largest crimes, with more than $80 billion stolen annually, according to the Coalition Against Insurance Fraud.