Fraud News – Page 10
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NewsUndetected fraud amounts to £500m predicts Pact Global
The firm’s research reveals that 59% of respondents would commit fraud because they think they can get away with it
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NewsArdonagh data breach reported to Information Commissioner
Firms are required by law to report breaches within 72 hours
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NewsSlovenian woman cuts off own hand in insurance fraud attempt
The culprit and her boyfriend were hoping for a €380,000 payout from life and injury insurance policies across five different insurers
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NewsTechnology & Innovation Awards finalist 2020 Q&A: SBS’s AI bot solution clamps down on fraud and claims exaggeration
There are just eight days to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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NewsTechnology & Innovation Awards finalist 2020 Q&A: VisionTrack’s IoT platform overhauling telematics and cutting fraud
There are just nine days to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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NewsInsurers unveiled 107,000 fraudulent insurance claims in 2019
This equates to a new insurance scam being uncovered every five minutes, totalling around 300 fraudulent claims a day
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NewsRevealed: Insurance Times Awards finalists 2020
Winners will be revealed at a glitzy awards ceremony on Wednesday 9 December, did you make the short-list?
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NewsData leaks surge almost 500% during pandemic
The problem mainly stems from misconfigured databases
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News'Doxing' identified as an ‘evolving threat’ within cyber risk landscape
Furthermore, data breach severity has increased over the past year, with a heavy focus on the healthcare and pharmaceutical sectors
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NewsFCA investigates 165 Covid-19 scams
Financial services firms and banks have been targeted by fraudsters during the coronavirus pandemic
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NewsThingCo aims to expand globally after tapping telematics veteran Martin Williams as new COO
With the telematics market making a comeback due to people’s driving behaviour changing over the course of the UK’s lockdown, Martin Williams ThingCo’s new board director and chief operating officer tells Insurance Times why it is the perfect time to roll-out Theo as the insurtech aims to go global
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NewsBrokers urged to capitalise on post-Covid cyber demand as homeworking become the norm
Less than half of cyber policies are distributed through the broker channels
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NewsAvalanche of illicit post-lockdown claims coming - fraud bosses
There has been a lull in the volumes of certain types of traditional fraudulent claims during the lockdown period
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NewsArtificial intelligence will need regulatory governance for use in insurance processes
Panellists at an Insurance Times webinar highlighted that although artificial intelligence and machine learning will increase within the insurance sector, there will need to be governance introduced around it to ensure ‘the machines know what they’re doing’
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NewsAnti-fraud drive sees 400 insurance policies cancelled in Wales
The initiative has been running for two years
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NewsTwitter hack exposes potential for reputational harm
The confluence of Covid-19 and advanced social engineering techniques poses a growing threat - CyberCube
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NewsTwo-thirds of motor fleet managers say broker support is invaluable when making a claim
The research from insurer Allianz also found that more than half of the motor fleet managers polled believe they have been a victim of fraud
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NewsSam White explores cashing out programmes in response to Covid-19 and Brexit
The chief executive says this option helps deliver choice to consumers
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NewsFormer RSA Ireland chief financial officer disqualified and fined €70,000 for under-reserving breach
The regulator’s investigation found that the senior leader had been involved in the insurer understating its claim reserve estimates by €29m
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NewsGerman fraudster jailed for two years after failed £6m insurance scam that amputated his left hand
The scammer let a train run over his left hand so that he could claim on numerous accident insurance policies
