The term "social networking" is used quiet freely today to represent a myriad of functions. Most commonly, social networking is used in context to social interaction - both online and off. The best and most used example today for a social network is Facebook. However, the term social networking has
In the health care field, the impact of fraud, waste and abuse on payers -- whether insurance companies, government agencies or self-insured employers -- is enormous. Fraud losses weaken a payer’s financial position, with fraud loss estimates rivaling net income. Fraud losses feed the escalating care cost curve, undermining a
I’m amazed that so many financial institutions seem to hold fraud at a seemingly low priority. Fraud is often viewed as “the cost of doing business.” What if your view of fraud could be altered so that it became “the profit of doing business”? With the growth in new payment
Okay…I don’t usually do the rah-rah SAS stuff, but it was a really great week here and I wanted to share. The Analytic Cheerleader is getting out her pom-poms and cheering for SAS! Since I’ve been a SAS employee for exactly 3 months, I thought it was a good time
Recently I was listening to an NPR (National Public Radio) documentary about the history of cancer and medicine’s evolution in understanding and treating cancer. This was an amazing story. I would venture a guess that nearly everyone who is reading this post has been affected by cancer in one way
Keeping track of day-to-day cases involving financial crimes spanning multiple business lines, departments, accounts, transactions and business objectives can be a daunting task for investigators and a risky one for the compliance department. The latest release of SAS Enterprise Case Management 2.3 is helping investigators manage and streamline the workflow
Fascinating set of statistics in a story I just read about Los Angeles County. The county has been challenged by an increase in fraud related to child services. It has grown by about 40 percent, and in many cases perpetrated by highly organized fraud rings. A proof of concept (POC)
In his introductory address, public sector session moderator Thomas Spiller of SAS neatly summed up some of the biggest challenges faced by national governments: dealing with the current economic climate and managing a crisis of confidence within their governments. In his experience, government responses seem to fall in to three
Everywhere you turn, fraud is in the headlines. It doesn’t matter if you get your news online, on the TV or from the newspaper. There seems to be a new fraud story every day of another scheme. Are the current economic conditions pushing people over the edge? Is greed to
Is it even possible to reduce fraud? This pointed question was asked Tuesday at the SAS Media Day fraud panel. After all, today’s fraudsters are smart, global, networked and hi-tech. As soon as you catch one, another steps in. And once you put a system in place to combat a
