Tag: Fraud

Analytics | Data Management | Fraud & Security Intelligence
John Stultz 0
US government, analytics researchers step up fight against improper payments

  Improper payments continue to plague the federal government, though many actions are in motion to help turn the tide. The Trump Administration’s Building a Better America: A Plan for Fiscal Responsibility, released in July 2017, emphasizes reducing improper payments, currently estimated by the Government Accountability Office (GAO) to total

Analytics | Artificial Intelligence | Fraud & Security Intelligence | Machine Learning
Jen Dunham 0
Considering fraud-fighting with machine learning and artificial intelligence?

Any look back at analytics in 2017 makes it clear that machine learning and artificial intelligence appear to be the ‘next big things’ that can solve just about any problem, from writing new hit songs to curing disease. Not one to buy into the hype, I became curious as to

Analytics | Fraud & Security Intelligence
Veena Hirannaiah 0
Combat wire fraud with analytics

As the banking industry continues to combat increasing fraud challenges, payment fraud is growing exponentially. This growth stems from a shifting payment landscape with new and varied payment options. Globally, governments are introducing new initiatives like faster payments and real-time payments which compress turnaround times. These initiatives are altering the

Analytics | Data Management | Fraud & Security Intelligence
Michael Davis 0
Capital flight facilitators: Tracking terrorist financing

I wish this were a blog about a new super-affordable airline, but instead capital flight is the illegal movement of money from its country of origin, transit or destination. This movement of money through facilitators is creating a hyper-breed of criminal enterprise using the regulations of the world’s financial systems

Analytics | Fraud & Security Intelligence
Leendert Kollmer 0
Vermittlerbetrug erkennen und verhindern

Wirtschaftskriminelle Handlungen zu entdecken und zu verhindern, ist ein kontinuierlicher Prozess, dessen Optimierung der Versicherung finanzielle Vorteile verschafft und Reputationsschäden verhindert. Eine entscheidende Rolle spielen dabei vor allem die Prävention und eine optimierte Identifikation von Betrugsversuchen durch fortgeschrittene analytische Verfahren. Die meisten der im Betrug durch Vermittler anzutreffenden Handlungen manifestieren

Analytics | Customer Intelligence | Data Management | Data Visualization | Risk Management
Randy Guard 0
How companies can succeed in an analytics economy

Artificial intelligence. Big data. Cognitive computing. These buzzwords are the ABCs of today’s marketplace. In a recent interview at SAS® Global Forum, I discussed the unprecedented pace of change that we’re seeing in the market. It’s creating what I like to call an analytics economy. In this economy, analytics –

Analytics | Fraud & Security Intelligence
Michael Hohensee 0
EU-Umsatzsteuerkarusselle ergaunern Milliarden – moderne Analytik bringt sie zum Stillstand

Umsatzsteuerkarusselle drehen auf dem Jahrmarkt der Straftaten tagtäglich fröhlich ihre Runden. Sie sind bei einer cleveren Spezies von Kriminellen ein beliebter Klassiker, der sich wie ein geldgieriger Virus immer wieder einnistet, wenn nichts dagegen unternommen wird. Dabei werden jährliche viele Milliarden Euro auf betrügerische Konten geschaufelt. Die Basis: Handel mit

Analytics | Fraud & Security Intelligence
Sadi Bezit 0
The fight against fraud: the importance of analytics

The fight against fraud has to be at all levels, and use all possible means available to the organization. However, it is important to distinguish between political, organizational and technical means. Persuading states to organize themselves better to facilitate exchange of information between administrations can be decisive, even with the

Analytics | Fraud & Security Intelligence
Aus Schaden klug werden: Wie man auf Konferenzen von Betrugsfällen lernt

Konferenzen rund um die Betrugserkennung mit Analytics sind eine wichtige Informationsquelle im unaufhörlichen Kampf gegen Kriminalität – für unsere Kunden, für unsere Wettbewerber, für uns selbst. Auch heute noch ist es ein Tabu einzugestehen, dass man Opfer eines Betruges wurde, und kaum ein Unternehmen spricht offen darüber. Denn absolut niemand

Analytics | Fraud & Security Intelligence
John Stultz 0
What can agencies learn from massive Medicaid fraud busts?

On June 22nd, the U.S. Department of Justice announced the largest Medicaid fraud bust in history. The National Health Care Fraud Takedown included 301 defendants charged, $900 million in false billings, 61 medical professionals and 29 doctors, across 36 states. In another case, investigators in New York uncovered more than

Fraud & Security Intelligence
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From fraud detection to fraud prevention: working towards optimal audits

Currently, most fraud detection solutions for financial crime and tax fraud are focused on risk assessing entities. That is to say, they evaluate the risk of each individual or businesses separately. While this helps prioritize risk-based investigations by alerting investigators to the likelihood of fraud, it does not necessarily maximize deterrence.

Fraud & Security Intelligence
Michael Rabin 0
„Fraudsters love digital“

Wer glaubt, die Digitalisierung hätte dem Thema Versicherungsbetrug den Garaus gemacht, der irrt – gewaltig. Nach wie vor ist einer von zehn gemeldeten Schäden und Ansprüchen erfunden oder manipuliert. Der Schaden: mindestens 4 Milliarden Euro allein in Deutschland – und das nur bei Sachversicherungen, also ohne Lebens- oder Krankenversicherungen. Den

Fraud & Security Intelligence | Internet of Things
Lars Houge 0
The unsung business case of analytics: Outcomes and budget optimization

Budgets, and the importance of balancing the books, are an ever-present issue in healthcare. With costs rising around the world, and budgets limited whether in insurance- or state-funded systems, care providers are under increased pressure to manage costs effectively. Big data analytics may just provide the means that they have

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