Better identity verification: The key to combatting the industry’s $300B fraud problem

November 21, 2023 by Azim Esmail

Fraud and cyber-attacks in the insurance industry have risen dramatically over the past few years. With highly sensitive data at the core of the sector, this spike in fraud is impacting everything from health care to corporate finance and personal identity security. Companies that deal with sensitive data must be informed – and prepared.

In 2022, global fraud in insurance increased by 134%, despite a 37% decrease in fraud across all other industries in the same period. 

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Originally Posted at InsuranceNewsNet on November 20, 2023 by Azim Esmail.