The U.S. Department of Health and Human Services is actively addressing a major cyberattack on Change Healthcare, a key player in the health sector and part of UnitedHealth Group. This breach has significantly shaken the American healthcare system, highlighting the crucial role of cyber defenses in
The insurance sector, traditionally prudent and dependent on tried-and-true methods, is facing a pivotal shift. Robotic Process Automation (RPA) has emerged as a catalyst for rethinking how things are done, standing out in a digital landscape where innovation is constant. RPA is rapidly becoming
Amid a tech transformation, Colorado has become a trailblazer by instituting pioneering regulations for the ethical deployment of AI in life insurance. These rules are a preventative measure against the encoding of biases, particularly racial, within AI systems. They symbolize a major stride in
For insurance firms, decoding customer behavior is vital for creating customized products, boosting service quality, and fostering active customer interaction. To proficiently monitor and adapt to customer trends, insurers should implement a systematic strategy. This involves collecting and
Oregon State University (OSU) invests in robust risk assessment methods to empower its decision-making capabilities. With the myriad challenges it faces, the university offers targeted tools to enable thorough risk analysis. These resources aim to assist university staff in pinpointing,
Insurance fraud is an intentional act committed to deceive insurance companies or agents for illegal financial gain. This article offers insight into the severe impact of this crime and differentiates between 'hard' and 'soft' insurance fraud. The former involves outright
South Korea is intensifying its fight against insurance fraud with a major overhaul of the Special Act on the Prevention of Insurance Fraud. This legislative update extends culpability beyond just the direct perpetrators of fraud to include those who facilitate or instigate these dishonest acts.
In a digital landscape plagued by fake goods and scams, brands require strong defenses. Authentix offers a potent solution, leveraging AI and machine learning to identify and combat up to 90% of online counterfeiting and trademark violations. Their technology scrutinizes over 330 web marketplaces
Insurance fraud is a significant issue for carriers, draining substantial resources in both prevention and investigation efforts. LexisNexis® Risk Solutions stands out in addressing this issue, offering advanced fraud detection and prevention systems. These tools help carriers manage the complex
The insurance industry is experiencing a profound metamorphosis, spurred by the relentless advancement of digital technology. Today's consumers, equipped with access to a wealth of information and tools, expect more than the passive financial safeguards of yesteryears. They seek comprehensive
