LIMRA, LOMA and the Secure Retirement Institute Launch FraudShare™ to Help the Industry Combat Account Takeover Fraud
Retrieved on:
Wednesday, October 23, 2019
Companies report the incidence of account takeover fraud is increasing for individual life insurance and annuity contracts and defined contribution retirement plan accounts.
Key Points:
- Companies report the incidence of account takeover fraud is increasing for individual life insurance and annuity contracts and defined contribution retirement plan accounts.
- FraudShare is the latest shared solution developed by LIMRA, LOMA and SRI, in partnership with the industry, to address common industry concerns.
- FraudShare will also help business leaders monitor and measure the occurrence of account takeover at their firm and across the industry."
- The Secure Retirement Institute provides comprehensive, unbiased research and education about all aspects within the retirement industry to improve retirement readiness and promote retirement security.