LexisNexis Risk Solutions Survey Reveals the Cross-Industry Nature of Fraud

Identity theft, data breaches and employee fraud top the list of the most feared schemes by companies in various industries

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LexisNexis Risk Solutions

Jun 14, 2016, 11:39 ET

ATLANTA and LAS VEGAS, June 14, 2016 /PRNewswire/ -- LexisNexis® Risk Solutions today released detailed statistics in the form of an infographic that demonstrate how fraud touches different industries. The infographic is a companion piece to a broader study of more than 800 fraud mitigation professionals that released yesterday. Study results show that cross- or multi-industry fraud exists and confirm the significant effect of fraud across financial services, insurance, health care, retail, communications and government.

Top fraud schemes worrying companies today

The LexisNexis® Fraud Defense Network commissioned the national study to gain insights about how frequently fraud mitigation professionals encounter fraud cases from other companies and industries, and to understand how these professionals are using data analytics solutions for fraud detection. The research was conducted in two phases over the course of a year, and closed in April 2016. It included 800 participants[i] from financial services, insurance, health care, retail and government organizations.

To learn more about the LexisNexis Fraud Defense Network and read more about the LexisNexis Fraud Mitigation Study, visit http://www.lexisnexis.com/risk/fraud-defense-network/.

About LexisNexis Risk Solutions

LexisNexis® Risk Solutions is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced analytics, LexisNexis Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries. http://www.lexisnexis.com/risk/

[i] Editors' Note: The LexisNexis® Fraud Mitigation Study was conducted in two waves from 2015-16 and has a confidence level of 95 percent.

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