Leading UK Fraud prevention consultancy and analyst UKFraud is calling on the insurance industry to accelerate activity in its management of fraud and fraudsters. In its latest research, UKFraud recognises that huge in-roads have been made into combatting insurance fraud in the UK, but believes that in these times of big data analytics and collaborative systems, that the insurance industry could do better. This, says UK Fraud, can be achieved by sharing fraudster and criminal information and through better collaborative data management. So in a bid to encourage the industry to be more aggressive with insurance cheats and to keep pace with other sectors such as banking, UKFraud has drafted a four point plan. Its aim is to prevent fraudsters from 'entering the system' in the first place.
- Leigh Richards
- InfoSecurity
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