Fraud News – Page 10
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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
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NewsWoman who tried to scam thousands from insurer sentenced
Fraudster exaggerated the extent of her injuries following an accident
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NewsFraudster sentenced to 12 months for false £4,000 personal injury claim
Fitzhugh Stephenson said he was encouraged to submit a claim after receiving a call from a claims management company
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NewsInsurtech Sprout.ai invests in deep learning following $2.5m funding round
The insurtech aims to be the first to crack claims prediction using deep learning
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News'Ghost broker' arrested for attempting to defraud NHS workers
He is also suspected of advertising this dodgy car insurance services via social media
