With emerging opportunities for insurance carriers to do business digitally, such as instant online quotes, mobile smartphone claims submissions, or online payment and account management, there is also an increased risk for fraud.
Banks, retail stores and various credit providers are often in the news for their vulnerability to cybercrime; however, auto insurance carriers are also at risk.
Auto insurance carriers manage millions of customers, claims transactions, insurance payments, and handle personally identifiable information (PII), which means implementing strategies and tools to protect against fraud is vital.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
