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Crypto adds a dangerous new twist to insurance fraud

Front view of hacker in virtual office room stealing information. Internet, innovation and cyber attack concept. Cryptocurrency and bitcoin decentralized economy. Double exposure

Crypto’s speed and anonymity are making it easier for criminals to disguise fraudulent insurance activity. Fiona Nicolson examines what insurers are doing to rethink detection and governance.

Insurance fraudsters have an extensive repertoire, encompassing the staging of car collisions through to inflating claims and even arson, to name a few of their tactics. 

The volume of attempts to

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