A proactive approach to combating fraud

How do companies and government organisations maintain security and minimise risk? One way is to verify the identities of individuals and to understand the relationships between individuals who interact with the company or an agency. Identity theft or identity manipulation fraud attempted or committed using intentionally manipulated identity data or identifying information of another person results in billions of dollars in losses each year to individuals and businesses across industries. In the US, for example, in the insurance industry, fraud accounts for 10% of the property/casualty insurance industry s incurred losses and loss adjustment expenses, or about $30 billion a year. ...

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