LIMRA: Fraud Is On The Rise In Financial Services

June 17, 2020 by Press Release

A recent LIMRA survey of financial services companies identified increased fraudulent activity, as well as efforts to combat it through education and other preventive measures.

Fraud attacks are on the rise; within the last 60 days, 42% of responding companies have experienced an increase in overall fraudulent activity. In addition, 47% have seen an increase in account takeover (ATO) attacks.

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Originally Posted at InsuranceNewsNet on June 15, 2020 by Press Release.