Identity Resolution Daily Links 2008-5-12
Retail Solutions Online: Return Fraud & Abuse Costs Retailers More Than $15.5B
“The survey found that nearly 70 percent of the respondents specified that it is an important issue to their company, and the majority of retailers – 64 percent – report that focusing on reducing refund fraud is a high priority. However, there is clearly a performance gap because two-thirds of retailers believe that their current return policies and systems are ‘ineffective’ or only ’somewhat’ effective in deterring return fraud and abuse. That indicates that there is still much room for improvement on the issue.”
Hub Solution Designs Blog: Next Week’s DIG Conference
“While I think it’s true that MDM is in fact needed at most large organizations, having to coordinate with an already-underway SOA initiative, or step back from a planned BI initiative and first tackle MDM, does complicate things a bit. So that’s the ‘problem’ part. The ‘opportunity’ part is that, for organizations that have the foresight or the luck to tackle MDM first, it makes implementing SOA or achieving business intelligence success that much easier.”
NBC 29: Insurance Fraud Costing Virginians Thousands of Dollars
“Insurance fraud is the second most common and costly white collar crime in the country. It costs the economy nearly $85 billion a year.”
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