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How Fraud Rings Evade Detection And What Banks Can Do To Stop Them
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Travis Rawley
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Travis Rawley,
User Rank: Apprentice
2/25/2013 | 5:05:50 PM
re: How Fraud Rings Evade Detection And What Banks Can Do To Stop Them
Are there any tools or companies that can enable fraud detection for an HR manager so that fraud risks can be detected before hiring? For example, how would I determine how to evaluate this eVerifile offering http://www.everifile.com/backg... ?
EllenJoyner
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EllenJoyner,
User Rank: Apprentice
2/16/2013 | 2:34:52 AM
re: How Fraud Rings Evade Detection And What Banks Can Do To Stop Them
Forrester gives advice on vendors that support the challenge with cross channel, enterprise fraud attacks, learn more : http://www.forrester.com/pimag...
EllenJoyner
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EllenJoyner,
User Rank: Apprentice
2/15/2013 | 9:13:55 PM
re: How Fraud Rings Evade Detection And What Banks Can Do To Stop Them
Interesting that credit abuse and bust out fraud is becoming more publicized even though it has been around for a while; however the financial stakes are getting larger. Not only do cross channel Analytics play a key role in detection and prevention, but real time behavioral Analytics are the secret to early warnings.
AnthODonnell
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AnthODonnell,
User Rank: Apprentice
2/15/2013 | 5:19:32 PM
re: How Fraud Rings Evade Detection And What Banks Can Do To Stop Them
I second Bryan Yurcan's comment: big data, along with high-powered analytics and link analysis, provides a way to deliver fraud red flags faster. Interesting to see the horizontalization of the criminal supply chain: "Instead of one group conducting a fraud scheme from start to finish,
larger criminal organizations will start breaking down into smaller
groups that specialize in one aspect of fraud."
Byurcan
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Byurcan,
User Rank: Author
2/14/2013 | 5:44:44 PM
re: How Fraud Rings Evade Detection And What Banks Can Do To Stop Them
Obviously using data analytics effectively can help in know your customer and fraud detection efforts, this is another area where "big data" management comes heavily into play.-


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