May 12, 2023 | Legal Alerts
Using Cybersecurity in Insurance Fraud Investigations
In the past, insurance fraud detection consisted of employees manually poring over data and investigating potentially fraudulent claims. While the human element was sometimes effective, many instances of fraud got past gatekeepers and cost insurance companies large amounts of money. As insurance fraudsters have gotten more sophisticated, insurance companies have needed to stay one step ahead of them. At the very minimum, they need to keep pace with modern criminality.