IFB goes on attack over organised fraud
The Bureau is working with Shift Technology to build an AI-backed fraud detection system for the UK.
The Insurance Fraud Bureau (IFB) has announced a partnership with Shift Technology to build what it described as a powerful, new fraud detection system on behalf of the UK insurance sector.
According to the IFB one insurance scam takes place each minute in the UK, devastating countless victims and costing the economy over £3bn a year.
Tactics
The body warned that as insurance services become faster and more digitised so have the tactics of fraudsters. So, in order to bulk up its arsenal in the
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