New methods, using artificial intelligence, ease the fraud detection burden and help insurance companies stay one step ahead.

Truepic Inc., which helps companies like banks and insurers fight fraud by verifying images, raised $26 million in a funding round led by Microsoft Corp.’s M12 venture capital arm.

Specific forms of cryptography called privacy enhancing techniques may hold the key to battling insurance fraud by delivering the benefits of data collaboration without the risks of data sharing.

Claims costs went up despite fewer miles driven, and other surprising results.

PaymentSource's Daniel Wolfe sits down with Carey O'Connor Kolaja, AU10TIX's new CEO to discuss the rise in synthetic fraud, the fastest-growing financial crime, and how payments security has been changed by the pandemic.

The complicated system of data collection, and identification of risk exposure is predicated on having accurate information about the subject (who) and the object (what).

Digitizing flood insurance has the ability to automate claims, add consistency to regulatory compliance and assist with fraud control.

The companies worked together on a fraud-fighting pilot in Latin America that will now be available worldwide.

13 percent of organizations now use AI and machine learning to detect and deter fraud, but another 25 percent plan to adopt such technologies in the next year or two.

Some of the largest companies tripled cyber-defense budgets in the last three to four years amid a surge of attacks on client information, accounts and other data.