IT GRC Forum

Over the past 15 years, the increasingly rapid evolution of technology has resulted in new computers or mobile phones becoming outdated in a matter of one or two years. Chances are, you’ve gone through no less than ten digital devices in the past decade, if not more. It has become standard practice to upgrade to a newer device and often sell, donate, or discard the old one. Or you’ve received a new computer or mobile phone for a holiday gift and need to get rid of the old one.

Insurance companies, like banks and retailers, are forced to deal with a wide spectrum of fraud, which costs the industry and its customers billions of dollars each year. According to the Insurance Fraud Bureau, “Undetected general insurance claims fraud total £1.9billion a year adding on average £44 to the annual costs individual policyholders face, on average, each year.”

We’ve heard this story before, but unfortunately it happens over and over again. Social media and dating sites are overrun with criminals who pose as legitimate, upstanding individuals, but are really wolves in sheep’s clothing.