Insurance Fraud: Rising identity theft sees 97 per cent rise in insurance fraud

16 Apr 2024 9:11 AM | Anonymous member (Administrator)

Experts have warned the public following a rise in scams fueled by identity theft.

The Insurance Fraud Bureau (IFB) has reported a 97 per cent increase in organised insurance fraud by stolen identities in the past year.

Identity theft has a catastrophic financial impact on victims and aids a broad spectrum of insurance scams, including perilous crash for cash operations and ghost broking.

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