Research shows skyrocketing fraud in smartphone insurance

Cell phone insurance

Mobile devices are proving to be a prime target for fraudsters. From full sized crime organizations to small individual scammers, the one thing that they seem to have in common is that they’ve recognized smartphones as a hot insurance scam. As mobile devices, from iPhones to tablets have progressed from chunky, heavy basic equipment to highly sophisticated and portable gadgets, unethical individuals and groups are finding them increasingly appealing for filing fraudulent claims. Insurers estimate that up to 40 percent of smartphone claims are fake. This estimate is significantly greater…

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