Combat Fraud in 2021

Posted by Globlue on Jan 4, 2021 11:42:41 AM
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Every year begins with much hope as the "new" year takes off like a tourist on a jet plane. Unfortunately, as much as we wish a new year meant a clean slate and doing away with all the bad & forgettable issues of the previous year, we all know that reality is much different. The tourist eventually returns home and finds it all just as he left it!

Last year brought many new challenges and adversity into ALL our lives. Even if you are fortunate enough to not have had anyone in your family affected by COVID-19, it affected, and continues to affect all aspects of our lives. 

 

“In the midst of chaos, there is also opportunity”
(Sun-Tzu - Chinese Military Strategist)

 

Out of chaos crawl the opportunists - and unfortunately, most of those will be criminal acts to benefit themselves at the expense of others.

For many months now, we have seen a huge spike in criminal and insurance fraud due to the chaos in which our world finds itself. Just over a month ago, the DOJ (United States Department of Justice) issued a COVID-19 Fraud Alert:


Be aware that criminals are attempting to exploit COVID-19
worldwide through a variety of scams. If you think you are
a victim of a scam or attempted fraud involving COVID-19,
you can report it without leaving your home by calling the
Department of Justice’s National Center for Disaster Fraud Hotline
at 866-720-5721  or submit the NCDF Web Complaint Form.
Source: Combating COVID-19 Fraud

 

The law enforcement and insurance fraud investigations departments have become overwhelmed with the increase in cases hitting their desks. Add to that, decreased Special Investigative Units (SIUs) due to illness or financial concerns, and the likelihood of catching the fraud before it causes financial damage decreases exponentially!

ARKHOS Icon-1With so much data to digest in order to ferret out the fraudsters, th
e investigators benefit greatly from AI (Artificial Intelligence) help. ARKHOS Data Fusion turns all your data into a visual representation of everyone and everything related to the persons of interest. ARKHOS highlights personal and professional links to POI; thereby, allowing investigators to focus their time on the leads' hidden aliases and/or accomplices.

 

ARKHOS Data Fusion is used by numerous Government agencies, insurance companies and law enforcement to investigate their own data, and to cross-reference in ONE platform, with one or more of our growing list of available data streams (TransUnion, NICB, Dow-Jones, Whooster, etc.) by importing their information (in the form of Internal or third-party Spreadsheets, etc.)

 

We have had, and are still experiencing the opportunity of growing and learning from this worldwide chaos. Most of us have learned that we can manage our businesses remotely, and have learned to navigate this "new normal". Globlue will be happy to consult with you in a virtual environment in order to show you the benefits of ARKHOS to your investigative needs. Schedule a meeting with us.

#fraud #insurancefraud #siu #covid-19 #2021

Topics: law enforcement, fraud, insurancefraud