Crimes

Swiss Insured Brazil Power Finance S.À R.L. Announces Commencement Of Consent Solicitation In Relation To Its Outstanding 9.850% Senior Secured Notes Due 2032

Retrieved on: 
Friday, June 25, 2021

The Consent Solicitation is being made by means of the Company's consent solicitation statement, dated June 25, 2021 (the "Consent Solicitation Statement").

Key Points: 
  • The Consent Solicitation is being made by means of the Company's consent solicitation statement, dated June 25, 2021 (the "Consent Solicitation Statement").
  • Holders are referred to the Consent Solicitation Statement for detailed terms and conditions of the Consent Solicitation.
  • The Company has engaged Goldman Sachs & Co. LLC to act as solicitation agent (the "Solicitation Agent") for the Consent Solicitation.
  • The Consent Solicitation is only being made pursuant to the Consent Solicitation Statement.

SAISON Automobile and Fire Insurance Goes Live on Shift Claims Fraud Detection

Retrieved on: 
Thursday, June 24, 2021

PARIS and BOSTON, June 24, 2021 /PRNewswire/ -- Shift Technology , a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced that SAISON Automobile and Fire Insurance Co., Ltd.has gone live on Shift Claims Fraud Detection .

Key Points: 
  • PARIS and BOSTON, June 24, 2021 /PRNewswire/ -- Shift Technology , a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced that SAISON Automobile and Fire Insurance Co., Ltd.has gone live on Shift Claims Fraud Detection .
  • One of the solutions comprising the Shift Insurance Suite ,Shift Claims Fraud Detection allows the insurer to detect insurance payment claims that may have been made through illicit means.
  • In this climate, SAISON Automobile and Fire decided to implement Shift Claims Fraud Detection, which is well-known for its use of digital technology in false claim detection, in order to maintain a fair and just insurance payment stance towards honest customers while mitigating the impact of false claims.
  • Shift Claims Fraud Detection uses artificial intelligence (AI) to analyze a vast amount of past insurance claims data identify patterns and connections to suspicious claims.

Launch of (A) Offer to Exchange the 9⅜% Senior Notes Due 2022 for a Combination of New 9⅜% Senior Secured Notes Due 2025 and Equity Fee, (B) Consent Solicitation Relating to the 9⅜% Senior Notes Due 2022 and (C) Offer to Subscribe for Additional 9.

Retrieved on: 
Thursday, June 24, 2021

The Exchange Offer is being made pursuant to the Offering and Consent Solicitation Memorandum dated June 23, 2021 (the Offering and Consent Solicitation Memorandum).

Key Points: 
  • The Exchange Offer is being made pursuant to the Offering and Consent Solicitation Memorandum dated June 23, 2021 (the Offering and Consent Solicitation Memorandum).
  • Qualifying noteholders who validly tender their Old Notes will be deemed to have consented to the Proposed Amendments (as defined below).
  • Holders may not deliver Consents without tendering their Old Notes and holders may not tender their Old Notes without delivering Consents.
  • The consent solicitation with respect to the Proposed Amendments to the Old Notes Indenture is referred to herein as the Consent Solicitation.

(ISC)² Offers Free Ransomware Education

Retrieved on: 
Wednesday, June 23, 2021

The intense interest has prompted us to extend free access to this course to as many people as possible in an effort to help organizations avoid becoming a victim," said Mirtha Collin, director of education, (ISC)2.

Key Points: 
  • The intense interest has prompted us to extend free access to this course to as many people as possible in an effort to help organizations avoid becoming a victim," said Mirtha Collin, director of education, (ISC)2.
  • "The course covers the major distinctions between ransomware and malware, the key characteristics of ransomware attacks, and the protection strategies and remediation plans that should be in place ahead of time."
  • The two-hour ransomware course is Quality Matters (QM) approved and upon successful completion, learners earn a certification of completion and digital badge.
  • " Ransomware: Identify, Protect, Detect, Recover " is available for free registration today.

ClearSale Named Leader in Multiple G2 Grid® Reports for Fraud Protection

Retrieved on: 
Wednesday, June 23, 2021

Global fraud protection leader, ClearSale ( www.clear.sale ), has been named as a leader in multiple categories in the G2 Grid Summer 2021 Fraud Protection report.

Key Points: 
  • Global fraud protection leader, ClearSale ( www.clear.sale ), has been named as a leader in multiple categories in the G2 Grid Summer 2021 Fraud Protection report.
  • Additionally, ClearSale ranked as either a leader or high performer for all other Summer 2021 fraud prevention category reports.
  • Rankings on G2 reports are based on data provided to us by real users, said Michael Fauscette, chief research officer, G2.
  • ClearSale was named the top leader in the following G2 Grid Summer 2021 reports:
    The company was also named among the leaders in the Mid-market Grid Report for Fraud Protection.

ACD and Attestiv Collaborate to Bring AI Photo Analysis and Authenticity into Claims Operations for Fraud Prevention

Retrieved on: 
Wednesday, June 23, 2021

"Fraud awareness and prevention is critical in the insurance industry and ACD is delighted to work with Attestiv to provide technology tools for our auto insurance clients.

Key Points: 
  • "Fraud awareness and prevention is critical in the insurance industry and ACD is delighted to work with Attestiv to provide technology tools for our auto insurance clients.
  • Calling the insurance industry "ripe for modernization," Attestiv CEO, Nicos Vekiarides, says their technology solution focus is on prevention and detection with photos, videos, and documents.
  • "Companies need to understand if nothing is done to prevent fraud, they face a long-term risk with manipulated digital media.
  • This new partnership will bring various levels of fraud detection to ACD's technology and workflow operations.

National Testing Recommendations for Drug Impaired Driving Released

Retrieved on: 
Tuesday, June 22, 2021

WILLOW GROVE, Pa., June 22, 2021 /PRNewswire/ -- An update to the National Safety Council's Alcohol, Drugs and Impairment Division's (NSC-ADID) recommendations for toxicology testing in impaired driving and motor vehicle fatalities has just been released.

Key Points: 
  • WILLOW GROVE, Pa., June 22, 2021 /PRNewswire/ -- An update to the National Safety Council's Alcohol, Drugs and Impairment Division's (NSC-ADID) recommendations for toxicology testing in impaired driving and motor vehicle fatalities has just been released.
  • Tier I compounds, which are drugs seen with high frequency in impaired driving arrests and considered essential for inclusion in testing.
  • Updated report released on the NSC's Alcohol, Drugs and Impairment Division's testing recommendations for fatalities.
  • The recommendations are being integrated into national standards for forensic toxicology laboratories, which will really help to improve the quality of the data related to drug impaired driving and help us change driver's behavior."

UK Leads Europe with £46M Card Fraud Loss Cut in 2020

Retrieved on: 
Monday, June 21, 2021

New data from FICO's European Fraud Map shows that the UK achieved the greatest fall in card fraud monetary losses, dropping 7 percent and 46 million year-on-year.

Key Points: 
  • New data from FICO's European Fraud Map shows that the UK achieved the greatest fall in card fraud monetary losses, dropping 7 percent and 46 million year-on-year.
  • While Europe enjoyed a sizable 54M drop in fraud loss for 2020, this was primarily driven by two countries, accounting for a reduction of 78 million between them.
  • "In an incredibly challenging year, only five of the 18 countries analysed by FICO achieved a reduction in card fraud."
  • It achieved the third best reduction in fraud loss of the studied countries, reducing fraud levels by 2M (39 percent).

iConnect Launches Fraud Prevention Technology Systems for the Freight and Transportation Industry

Retrieved on: 
Wednesday, June 16, 2021

DALLAS, June 16, 2021 /PRNewswire-PRWeb/ -- iConnect, a technology company that creates logistical systems for the trucking industry, knows the fundamental value of preventing fraud, therefore, they strongly believe that double brokering and identity fraud must be stopped, and are taking active steps to assist the transportation industry.

Key Points: 
  • DALLAS, June 16, 2021 /PRNewswire-PRWeb/ -- iConnect, a technology company that creates logistical systems for the trucking industry, knows the fundamental value of preventing fraud, therefore, they strongly believe that double brokering and identity fraud must be stopped, and are taking active steps to assist the transportation industry.
  • iConnect's newest development, PreventFreightFraud, was engineered with unique technology that provides proprietary analytics, on a robust platform, guaranteed to stop: double brokering; identity theft; fuel advance scams, and freight fraud, specifically for the transportation industry.
  • For more information please visit: http://www.PreventFreightFraud.com and http://www.VerifyWhoYouAre.com , or contact Marie Walton at [email protected] or 844-539-8255 Ext.442

iConnect Launches Fraud Prevention Technology Systems for the Freight and Transportation Industry

Retrieved on: 
Wednesday, June 16, 2021

DALLAS, June 16, 2021 /PRNewswire-PRWeb/ -- iConnect, a technology company that creates logistical systems for the trucking industry, knows the fundamental value of preventing fraud, therefore, they strongly believe that double brokering and identity fraud must be stopped, and are taking active steps to assist the transportation industry.

Key Points: 
  • DALLAS, June 16, 2021 /PRNewswire-PRWeb/ -- iConnect, a technology company that creates logistical systems for the trucking industry, knows the fundamental value of preventing fraud, therefore, they strongly believe that double brokering and identity fraud must be stopped, and are taking active steps to assist the transportation industry.
  • iConnect's newest development, PreventFreightFraud, was engineered with unique technology that provides proprietary analytics, on a robust platform, guaranteed to stop: double brokering; identity theft; fuel advance scams, and freight fraud, specifically for the transportation industry.
  • For more information please visit: http://www.PreventFreightFraud.com and http://www.VerifyWhoYouAre.com , or contact Marie Walton at [email protected] or 844-539-8255 Ext.442