The insurance sector is increasingly grappling with the growing challenge of combating fraud facilitated by advancing artificial intelligence (AI) technologies. The issue has intensified as sophisticated AI tools have made it easier for fraudsters to create deepfakes and fake images that deceive
Cargo theft in the U.S. is escalating, with losses exceeding $130 million in 2023. Experts believe the actual figures could be even higher. Thieves have evolved their strategies, increasingly leveraging technology to execute fraud, particularly through load boards—digital platforms that connect
Fraudulent activities in the banking and money transfer sectors are on a worrying ascent, with predictions pointing to a 153% increase by 2029. As the industry faces the innovativeness of fraudsters wielding artificial intelligence (AI), financial institutions are in an unprecedented situation—the
The adage "crime doesn't pay" holds particularly true in the realm of insurance, where the deceptive practices of a dishonest few can have a ripple effect across an entire industry. In Canada, group health and dental insurance fraud—though often unseen—is a pervasive issue that ultimately costs
The ever-evolving landscape of insurance fraud has propelled the industry toward a technological revolution, and at the forefront of this battlefield is artificial intelligence (AI). As fraudsters become increasingly sophisticated, insurance companies like Zurich Insurance Group are leveraging AI
The health insurance industry stands at the cusp of a revolution, with artificial intelligence (AI) paving the way for transformative change. As technology advances, the efficiency and precision with which insurance companies operate have witnessed unprecedented improvements. Particularly, AI's
