Blog: Turning the tide on account takeover fraud
Many of us have either experienced fraud, seen friends who have fallen victim to it or witnessed the direct results in our workplaces. Shaun Smith, Iovation sales executive, explains why it's no surprise that one of the fastest growing fraud types in the insurance sector is account takeover fraud.
Account takeover fraud is where fraudsters gain access to consumer accounts and change personal details such as type of vehicle, third-party drivers, payment details, address details, and then stage
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