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."