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More than 50 people have been charged for their involvement in the insurance fraud ring, which operated since at least 2015.
AI-related insurance fraud with "shallowfakes" is up by 300%, according to Allianz UK.
The increased utilization of AI will improve efficiencies in routine tasks, but it does not eliminate the need for human oversight.
Join us for this webcast as we explore how instant payments are already changing the member experience and the innovative instant and P2P payments solutions that are empowering credit unions to take their payments strategy to the next level.
AI has given threat actors a leg up in deepfake technology, costing one company $26.5 million.
CISOs confront significant personal civil and criminal liability in connection with their handling of breaches and associated disclosures.
For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.
Greenbaum reflects on the digital transformation of insurance after four decades in the industry.
Nominations are now being accepted for five categories included in the Insurance Luminaries 2024 professional recognition program.
Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.