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Top Five Ways to Help Reduce the Cost of Insurance Identity Fraud

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.

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