PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

LexisNexis Risk Solutions Launches Fraud Defense Network to Fight Fraud - For the first time, cross-industry leaders have a common alliance to discuss fraud - FraudWeek.com / LexisNexis.com
LexisNexis Risk Solutions Launches Fraud Defense Network to Fight Fraud

 

NewswireToday - /newswire/ - Atlanta, GA, United States, 2014/11/17 - For the first time, cross-industry leaders have a common alliance to discuss fraud - FraudWeek.com / LexisNexis.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

LexisNexis Risk Solutions announced the launch of the LexisNexis® Fraud Defense Network, the first-of-its-kind alliance that seeks to link organizations across all industries with resources, information and actionable intelligence to predict, detect and mitigate the risks that fraud presents. The announcement kicks off the company’s participation in International Fraud Awareness Week, an awareness campaign spearheaded by the Association of Certified Fraud Examiners which estimates global fraud in the trillions.

According to LexisNexis experts, perpetrators engaged in fraud, even after being convicted, are likely to strike again, often in a different industry. By creating an alliance that aids all industries to share information, organizations can better mitigate the risk that fraud presents daily.

“Professional thieves don’t have a particular bias for a given industry,” said John Lorimer, Vice President, analytics and product management, LexisNexis Risk Solutions. “Instead, they tend to ‘follow the money, ’ deliberately exploiting gaps in the system to perpetrate fraud and hide their tracks.”

Fraud management and prevention is traditionally entity- or industry-specific because there has not been a structured effort to share insights and solutions across industries. The Fraud Defense Network provides companies and organizations from finance, retail, telecommunications, insurance, government, law enforcement and health care with a dedicated platform to share best practices and contribute to the body of knowledge of fraud.

For example, LexisNexis internal studies commissioned with customers found suspicious transactions from the telecommunications industry that were also highlighted in non-telecom investigations. In a similar retroactive analysis, LexisNexis uncovered that cross industry data would have drawn attention to medical providers who were recently convicted of committing fraud which resulted in millions of dollars of loss.

It is studies like these that will broaden the conversation about fraud detection and prevention so that organizations can make more informed decisions than they could make by keeping fraud conversations siloed in their own companies or industries. Fraud Defense Network participants will help to create new tools and fraud resources and communicate best practices for organizations to leverage in the fight against fraud.

The Fraud Defense Network (FraudWeek.com) builds on LexisNexis’ core competencies of data, analytics and linking technology, its breadth of fraud prevention solutions, data-driven insights from assets like the annual True Cost of Fraud ℠ Report, and its decades of experience creating and maintaining industry wide contributory databases like C.L.U.E.® for P&C insurance, the Special Investigation Resource and Intelligence System (SIRIS) for the National Health Care Anti-Fraud Association (NHCAA), and MIDEX® for the mortgage industry.

About LexisNexis Risk Solutions

LexisNexis Risk Solutions (lexisnexis.com/risk) is a leader in providing essential information that helps customers across all industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced scoring analytics, Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standa4rds of security and privacy. LexisNexis Risk Solutions is part of Reed Elsevier, a leading publisher and information provider that serves customers in more than 100 countries with more than 30,000 employees worldwide.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: LexisNexis (a division of Reed Elsevier Inc.)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Insurance/Risk Management articles,
CATCH Visitors via Your Competitors Announcements!


LexisNexis Risk Solutions Launches Fraud Defense Network to Fight Fraud

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

LexisNexis Risk Solutions | Fraud Defense Network
Publisher Contact: Press Office - LexisNexis.com 
800-227-9597 x56044 press[.]lexisnexis.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LexisNexis (a division of Reed Elsevier Inc.) securities in any jurisdiction including any other companies listed or named in this release.

Insurance/Risk Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From LexisNexis (a division of Reed Elsevier Inc.) / Company Profile


Read Insurance/Risk Management Most Recent Related Newswires:

SCOR Named 'Life Reinsurer of the Year 2016' by Asia Insurance Review
SCOR is Named 'North American Life Reinsurer of the Year 2016' by Reactions Magazine
Wunelli Evolves Driver Signature to Take Telematics Apps to Next Stage of Growth
LexisNexis Risk Solutions to Provide Mobile Telematics for Nationwide’s SmartRide Program
LexisNexis Risk Solutions Elevates Insurance Customer Experience with New Active Risk Management Solution
LexisNexis Risk Solutions Launches First Contextual Telematics Insurance Model in U.S.
Resolver’s Perspective™ Incident Management Software Now Fully Integrated with Software House C•CURE 9000 Security and Event Management Solution
PPM 2000 Joins Forces with Resolver
LexisNexis Launches LexisNexis Intelligence Exchange in India for Life Insurers
LexisNexis Risk Solutions Announces New Relationship with Ellie Mae
LexisNexis Claims Datafill Accelerator Receives Ready for Guidewire Designation
Norfolk Police Department Adopts LexisNexis Citizen Crime Reporting Solution
Relevant Healthcare Becomes Preferred Vendor for NASHCO
A.M. Best Provides Further Recognition of SCOR’s Financial Strength SCOR Group
Handshake Software Integrates LexisNexis Digital Library with Microsoft SharePoint Portal & Search

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)