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3 min read

5 Types of Friendly Fraud (and how to prevent it)

By Patricia Moore on Jul 16, 2019 1:42:25 PM

When most of us think of credit card fraud, we envision the stereotypical thieves, con artists, and hackers. Unscrupulous wrongdoers on a mission to pilfer money, stockpile identities, and wreak general havoc upon the lives of their victims.

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3 min read

Insurers: 5 Tips for a Safer Cloud Experience

By Patricia Moore on Jun 11, 2019 4:10:18 PM

According to a recent McAfee survey, 97% of organizations use some type of cloud service — and for good reason. By using an online backup and storage solution, you can reduce your company's reliance on paper, free up your own computer power, and ensure more secure data storage and accessibility.

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3 min read

3 Key Focus Areas for Improving Data Security in Insurance

By Patricia Moore on Jun 6, 2019 12:15:12 PM

Network security is in a constant state of change, evolving and adapting in response to the ever-growing cyber threat.

Although no industry is safe, financial organizations – including insurance companies - are particularly vulnerable. Unfortunately, because insurers use and store large amounts of sensitive customer data, the industry is a prime target for hackers.

As infrastructures change to meet consumer demands, insurers must continually improve their cyber defense. By establishing best practices in the areas of network security, payment processing, and employee education, you're in a better position to protect your data from misuse.

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5 min read

Beyond PCI Compliance: The Data Security Standards All Insurers Must Know

By Patricia Moore on Dec 4, 2018 12:00:00 PM

Insurance companies process massive amounts of sensitive information for every policyholder, including payment data. A single security lapse can expose that data to misuse, theft, and other forms of fraud. Even without a breach, the consequences of improper data management can be steep.

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3 min read

Graph Theory: Using Data to Fight Insurance Fraud

By Chris Piwinski on Nov 19, 2018 8:10:00 AM

According to the Insurance Information Institute, insurance fraud makes up nearly 10 percent of all U.S. property-casualty insurance losses and loss adjustment expenses every year, adding up to approximately $34 billion annually. Unfortunately, the number of fraudulent claims continues to grow. Today, property and casualty insurers are fighting back by taking advantage of new technology. Included in their fraud-fighting arsenal is the process of graph theory.   

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