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Top Five Ways to Help Reduce the Cost of Insurance Identity Fraud
Identify vulnerabilities and key focus areas. Performing a fraud risk assessment can help your organization analyze current security measures and evaluate whether it’s properly equipped to keep pace with evolving risks. LexisNexis® Risk Solutions can help you address any issues revealed during your assessment. Enabling a more comprehensive view of identity can help keep fraudsters from entering your customer ecosystem. 2. Prioritize a fraud mitigation strategy. Detecting and mitigating sophisticated fraud schemes requires a coordinated approach across all customer touchpoints for your business — especially as cross- industry fraud accelerates. Centralized coordination of your fraud management solutions can help achieve increased detection accuracy, faster and more agile threat.