Insights

The Nuts & Bolts of Programmatic Fraud

Programmatic fraud is when a person or organization reverse engineers an online claim form and writes computer code to automatically submit claims using fake aliases. These aliases may include computer (AI) generated First Names and Last Names; actual or fake addresses; properly set up or fake email addresses and phone numbers that are often active. The code can solve claim validation questions on the claim form and bypass CAPTCHA technology. These claims are near impossible to distinguish from legitimate claims and fraudsters are constantly improving their technology to push a greater number of fraudulent claims through final payout.

INTRODUCING A TECHNOLOGICAL SOLUTION TO COMBAT FRAUD

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Using ClaimScore has Lead to Millions in Savings When Compared to the Industry Standard Review Process

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ClaimScore's claim validation system is capable of identifying Bad Actors and Programmatic Fraud alike. Effectively distinguishing between fraudulent claims and legitimate ones is critical to the validity of the Class Action Settlement process. ClaimScore's Real Time Claim Validation product can be integrated into any Claims Administrators' digital claim form, will review claims in real time and provide review results instantly back to the Administrator. ClaimScore's Retro Claim Validation product includes reviewing claims after they are completed via file upload. Both products include access to our live, interactive dashboard that presents aggregated results. ClaimScore can also conduct a Mid-Case Consultation. During a Mid-Case consultation, ClaimScore will review the claims for a case and provide advanced reporting, including a declaration, and full backup documentation of review results.

Latest News

ClaimScore Raises $3.15M To Deter Class Action Fraud

ClaimScore, AI-Powered Claim Validation Software Provider, Announces $3.15 Million in Funding

ClaimScore, Startup Using AI To Target Fraud In Class Action Claims, Raises $3.15M In Oversubscribed Round

Exclusive: Startup seeks to reduce class action fraud

Scammers flood US class action settlements with fraudulent claims

Why Traditional Data Tools Like Excel Are Insufficient for Large Class Action Claims Review

The rise in complex litigation has led to an unprecedented increase in class action settlement claims.

The Growing Threat of Programmatic Fraud Requires Lightning-Speed Class Action Claims Validation

The landscape of class action settlements is changing dramatically, and not for the better. Fraudulent claims, driven by advanced technology, are surging at an unprecedented rate. According to recent reports, more than 80 million claims submitted in 2023 showed significant signs of fraud, representing a 19,000% increase from just two years earlier.

The Connection Between IPv6 and Class Action Settlements

As the world increasingly adopts IPv6 IP addresses, it's crucial for claims administrators and other legal professionals to ensure their systems are compatible with this new format. In this blog post, we'll explore the importance of IPv6 compatibility in the context of class action settlements and highlight the potential risks associated with rejecting claims submitted from IPv6 IP addresses.