Skimming and phishing attacks are becoming more common, with fraudsters taking full advantage of technology to operate globally. In the last two weeks alone, there have been headline articles on fraud or security breaches almost every day in the Wall Street Journal. Then there was the recent posting on BankInfoSecurity.com
Due to the rapid changes in both the health care market and more specifically the amount of fraud being committed in it, it is even more important than ever to maintain some degree of life cycle management to update the analyses used to detect and identify aberrant activity. However, many
Almost every day there is a new story of account takeover or cyber criminals draining commercial bank accounts. This leaves banks in the very difficult situation of needing to provide stronger authentication and more sophisticated technology to help prevent similar attacks in the future. According to the Federal Financial Institutions
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)
