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Hacked Data Broker Accounts Fueled Phony COVID Loans, Unemployment Claims

Krebs on Security

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

Insurance 351
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E-Verify’s “SSN Lock” is Nothing of the Sort

Krebs on Security

A reader who was recently the victim of unemployment insurance fraud said he was told he should create an account at the Department of Homeland Security ‘s myE-Verify website , and place a lock on his Social Security number (SSN) to minimize the chances that ID thieves might abuse his identity for employment fraud in the future. .”

Passwords 309
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Identifying E-signature Requirements to Accelerate Digital Adoption and Meet Global Compliance

AIIM

In North America, e-signatures are based on multiple authentication aspects with a focus on knowledge-based authentication which cannot be applied in EU due to much stricter privacy regulations. Helping organizations to go paperless with their signature processes in banking, insurance, telecommunication and other industries.

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Ripcord announces standalone IDP software 

Info Source

According to the Ricpord announcement: “By enhancing the capabilities of a large language model with integrated knowledge bases, logical rules and structured inputs, Docufai can logically reason, infer, and deduce information from a user’s own documents.” Ripcord plans to introduce a paid tier of Docufai at some point this year.

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Infosource Global IDP Vertical Market Analysis 2023-2024 Update

Info Source

The most advanced sectors in digital transformation, such as Banking and Insurance, are leading in AI adoption. Sector-Specific Opportunities : The report identifies significant opportunities in sectors with advanced digital transformation, such as Banking, Insurance, Healthcare, and Manufacturing.

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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

Banks, financial services, and insurance companies are especially vulnerable to fraud due to their access to large amounts of money and sensitive information for customers and employees alike. The firm’s technology is used in a number of industries, including financial services, healthcare, and insurance, as well as government organizations.

Analytics 105
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Unlocking the power of chatbots: Key benefits for businesses and customers

IBM Big Data Hub

This consistency, derived from the knowledge base, helps to maintain brand integrity and accuracy in customer communications. Insurance Your customers seek real-time, personalized and accurate responses whether they’re requesting quotes , filing an insurance claim or making payments.

Sales 85