The government will establish a plan for building an artificial intelligence (AI)-based insurance fraud prevention platform by September 2026. Although the amount of detected insurance fraud last year ...

In today's digital economy, insurance companies process millions of claims every year, making fraud detection one of the industry's biggest operational challenges. Fraudulent claims not only result in ...

The U.S. Department of Labor terminated a grant to the Kansas Department of Labor (KDOL) for unemployment insurance fraud prevention. KDOL Secretary Amber Shultz criticized the decision, stating it ...

Insurance fraud cases are increasing nationwide. But the higher number is likely due to stronger enforcement and better detection rather than just more crime, experts say. The Virginia State Police’s ...

ROCHESTER, N.Y. — New York Gov. Kathy Hochul is taking action to address the high auto insurance rates in the state, which are among the highest in the nation. Hochul aims to reduce these rates by ...

What’s driving the rise in digital fraud? The global payments landscape appears more dynamic and complex than ever before. As e-commerce spending accelerates toward an estimated $8.1 trillion by 2028, ...

When it comes to fraud prevention, most companies rush to invest in software, threat detection systems, audit automation tools, access controls, etc. The truth is, fraud prevention isn’t a technology ...

Here are the most common and latest advancements in payment fraud strategies and payment fraud prevention tools for protecting your business. Key takeaways: With AI technology, payment fraud and fraud ...