Risk & Fraud
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Explore hot topics in risk & fraud

Latest Insights & Articles


INTERNAL FRAUD

How to fight the threat within

As fraud detection systems and strategies have evolved, it’s become harder for externally-based fraudsters to operate. That’s driven them inside. Read about the technologies and processes you can use to stop the internal fraudster.
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BANKING - REGULATORY COMPLIANCE

BCBS 239, CCAR, stress testing: The top regulatory compliance articles of 2014

These seven articles were the most read articles on regulatory compliance in 2014. Clearly, you want information on BCBS 239, Basel, CCAR, stress testing. Take a peek to see if you missed any.
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GOVERNMENT - FRAUD

Putting an end to pay and chase

Sophisticated technology-driven approaches can not only root out fraud in social benefits programs, but it can find it before payment is made. A proactive approach can reduce the 5 to 7 percent of government dollars that end up in fraudsters’ pockets.
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PUBLIC SECURITY

Why data is king of the borders

Border agencies are faced with a balancing act between security, convenience and cost. To achieve that balance, an approach based on risk scoring is the only viable option.
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INSURANCE - FRAUD

Stop being afraid of fraud

Insurer's limited mechanisms to fight fraud, the increasingly complex fraud schemes and the innovativeness of fraudsters’ have overwhelmed some insurers’ efforts and so they simply write fraud off as a cost of doing business. No more! The technology and processes you implement to meet the data quality requirements for Solvency II is the first step to building a robust anti-fraud framework.
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BANKING - FRAUD

Get to know the bad guys before they strike

Link analysis can identify links among the bank’s customer and account portfolio - at the point of application. It's a high-tech way to get to know the crooks before they fleece you.
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GOVERNMENT - CYBERSECURITY

How can state governments battle cybercrime?

What’s worse than having your credit card information stolen? Imagine the chaos cybercriminals could cause if they hacked your state government’s data stores. Experts recommend a holistic security program that spans IT, privacy and fraud. This alignment across the state can also save money.
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BANKING - REGULATORY COMPLIANCE

Three UK banks under pressure from stress test

Stress testing is not just a compliance box-ticking exercise, it's an essential tool for banks to use in developing their risk management strategy. Dale Stevens, Head of Risk at SAS UK and Ireland talks through some significant findings about how banks are using stress testing in their business and risk strategies.
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CYBERSECURITY

We're being swindled by robots

Every interaction on the web generates a piece of data, so in theory, you know where and when your ad was seen, who clicked on it, and any subsequent conversion. Here's a cyber puzzle for your marketers: How do you stop a robot from highjacking your online ads?
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INSURANCE - FRAUD

Technology to the rescue in the fight against fraud

In his recent article in ITA, Stuart Rose, Global Insurance Marketing Manager at SAS, writes, "There is no one, perfect fraud-detection technique. Multiple techniques, working in concert, offer the best chance for detecting both opportunistic and organized fraud." Read about the four technologies he recommends investing in to prevent claims fraud.
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GOVERNMENT - FRAUD

Fighting customs fraud

There are large profits to be made by avoiding duty or importing illegal goods and the chances of detection are small, so it’s no surprise this is a target area for organized crime. To spot criminals, customs authorities have moved from manual searching to rule-based systems, but that's just not enough. Automated risk management technologies reduce costs, increase customs revenue and bring more fraudsters to justice.
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BANKING - REGULATORY COMPLIANCE

Four tips for finding a balance between revenue growth and regulatory compliance

Sanjiv Talwar, Head of Risk Capital and Stress Testing at the Bank of Montreal, talks with Tom Kimner and the Argyle Journal about the difficulties banks face with meeting regulatory requirements. He also shares his philosophy for approaching those difficulties - build a growth strategy based on the lessons learned from the regulatory exercises.
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INSURANCE - REGULATORY COMPLIANCE

There's more to gain from regulations than just compliance

The things you are doing now to prepare for Solvency II implementation can benefit your business in many other ways. For instance, do you know which customers, regions or products are your most profitable? Do you know where you are leaking profits? Get the most from your compliance efforts.
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BANKING - REGULATORY COMPLIANCE

Stress Testing Banks: How mature is your institution?

SAS developed a benchmarking tool in cooperation with Longitude Research to let you compare your bank's stress testing maturity against your peers. It assesses resourcing levels, relative priorities, leadership engagement, investment and more. In just five minutes, you can compare your responses to those of more than 100 senior risk and finance executives within both European and North American banks.
  Take the test



GOVERNMENT - FRAUD

How to prevent procurement fraud

Criminals know that the data you need is scattered everywhere. They know it’ll be hard for you to see what they are doing and who their partners are. And they make the most of those opportunities. To uncover these guys, you need to put aside your manual defenses and start using a hybrid analytical approach.
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INSURANCE - FRAUD

Survey says more sophisticated anti-fraud technology is in insurers' future

Research suggests that 10 percent of the billions paid in insurance claims each year goes to a fraudster. In a recent survey by the Coalition Against Insurance Fraud, insurers say they are looking more and more to analytics technology to help fight fraud.
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PUBLIC SECURITY

Listen, analyze, act

Public security agencies increasingly view open source intelligence as a precious asset in their battle against crime and terrorism. And they invariably see social media intelligence as the jewel in this open source crown. Public security agencies need to use open source analytics tools to get information to frontline officers in time to be useful.
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INSURANCE - REGULATORY COMPLIANCE

Tech's role in insurance ORSA compliance

At the heart of many of the new regulations insurers face is the Own Risk and Solvency Assessment (ORSA): a self-assessment of current and future risk. In this InformationWeek Insurance & Technology article, Stuart Rose, Global Insurance Marketing Manager for SAS, gives three benefits of modernizing your technology and processes ahead of new regulations.
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BANKING - CYBERSECURITY

The data dilemma in the financial markets

There is no way to prevent a cyber attack, but there are things you can do to mitigate the damage. For one, you need to know your data flows so that you recognize a breach, and then rapidly and effectively respond. Mary Schapiro, Former Chairman of the Securities and Exchange Commission says, “There’s really no reason now to be caught flat-footed, everybody knows a cyber attack is possible.”
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INSURANCE - FRAUD

Another line of defense in the battle against insurance fraud

The biggest obstacles many insurers face when tackling fraud are the failings of their detection systems. A hybrid analytics-based approach including business rules, anomaly detection models, social network and text analysis can help identify suspicious cases that can be raised for additional investigation.

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CYBERSECURITY

Five steps you can take to beef up cybersecurity

Anyone with Internet access and programming skills can invade a country or bring down a corporation. Traditional firewalls and security methods don't work (just ask J.P. Morgan). Security expert Ray Boisvert shares five actions organizations can take to defend against cyberattack.
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INSURANCE - FRAUD

Tech helps insurers unite against fraud

In this Information Week Insurance & Technology blog post, SAS' James Ruotolo says insurers should band together in a data sharing consortium. Pooled information gives the members the information they need to assess risk for underwriting and insight into fraud patterns across the group. 

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CYBERSECURITY

Cybercrimes and data breaches – the new normal?

Target, Home Depot and now J.P. Morgan. These high-profile cyberattacks show that traditional methods can't thwart hackers. At The Premier Business Leadership Series in Las Vegas, Oct. 21-23, cybersecurity expert Ray Boisvert will share the latest cybersecurity methods and best practices. Here's a quick preview.

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PUBLIC SECURITY

Driving business change in public security agencies

This is a tough challenge. But if you can deliver a quick win in one area – that shows tangible benefits – you've gone a long way toward a much broader solutions implementation that can kick-start real business change.

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BANKING - REGULATORY COMPLIANCE

Ball of confusion: Data aggregation or aggravation for risk?

Regulatory stress testing is growing in momentum, complexity and frequency for domestic and foreign financial services firms of all sizes. The tests are annual, but the concern lives on year-round: “What if I don’t know the answers?”

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INSURANCE - FRAUD

Here's how technology is being used to fight insurance fraud

"Technology is a propulsive force essential to combating fraud ...," writes Dennis Jay in this PropertyCasualty360 article. He says, "Tech weaponry can identify insurance schemes, expose their inner workings, and uncover material evidence that helps break open the plots." In his article, he discusses the findings of a recent study by the Coalition Against Insurance Fraud showing that insurers are relying more and more on technology to counter underwriting scams, money-laundering and cybercrime – and they're seeing a return on that investment! 

Read this PropertyCasualty360 article by Dennis Jay



BANKING - ANTI-MONEY LAUNDERING

Evolution or revolution?

The scope of new anti-money laundering (AML) regulations and the scale of recent fines for non-compliance underscore the urgency of adding high performance analytics (HPA) capabilities to your AML capabilities. Using HPA in coexistence with your existing solutions can give you the transparency required by regulations and save costs by reducing false positives by as much as 80 percent.

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BANKING - CREDIT RISK MANAGEMENT

Are you good at scoring?

Credit scoring is the foundation for evaluating clients who apply for a loan (or other types of exposure for the bank). It is not unusual for it to take up to 12 months to build and deploy a new credit scoring model. Reforming that process will help minimize losses, increase earnings and reduce operational risk.

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PUBLIC SECURITY

Three best practices for using social media for crime prevention and criminal investigations

Seventy-two percent of the citizens polled recently by Accenture said they believe social media can aid in police investigations and prosecution. Great news. But how can police get what they need from social chatter?

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BANKING - CYBERSECURITY

Underground finance: What’s the danger? 

Financial services firms know money is being transferred without their assistance and without adequate consumer safeguards. Does the money flowing through alternative remittance systems present a hazard? In this article, John Cassara uses the example of “hawala” to give us a clear picture of the niche these systems fill and the countermeasures we should be taking.

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HEALTH CARE - CYBERSECURITY

90% of hospitals and clinics lose their patients' data

Could there be any more frightening example of why we need big data analytics in health care? According to CNNMoney, the health care industry has been the hardest hit by cybercrime - even harder hit that financial services and retail. Read this story and then run back here as quickly as you can to learn what you can do to protect your patient data.

Read the article



PUBLIC SECURITY

Building a proactive intelligence management capability from scratch 

Implementing the right intelligence management system can provide far-reaching benefits. Chief among them is the ability to reduce risk at a political and public security level. The right system will help you pinpoint the sources of crime, catch more perpetrators and possibly even prevent major international terrorist incidents.

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CYBERSECURITY

Data privacy can be used for evil, too

The anonymity of digital currency transactions perfectly suits the criminal element. Are bitcoins and other cyber currencies a threat to our global financial system?

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GOVERNMENT - FRAUD

How data analytics can help root out food stamp fraud

The USDA says known cases of food stamp fraud costs approximately US$1 billion per year. But it's impossible to know how much goes undetected. John Cassara, a former special agent for the Treasury Department’s Financial Crimes Enforcement Network, says the USDA should extend its use of analytics to include a hybrid approach that can "recognize fraud earlier in the process – and even stop it before it occurs."

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INSURANCE - FRAUD

Insurers can now light the shadows where fraudsters lurk

Traditionally, insurers have relied on adjusters to flag cases for possible fraud. CNA and Allianz suspected they weren't catching all of the potential fraud - and they were right. The two insurers now have a higher detection rate because they rely on advanced analytics to automatically analyze claims and flag those that are questionable.

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BANKING - REGULATORY COMPLIANCE

Risk capital and lessons from the Titanic

Economic capital is that something extra that senior management needs for staying financially afloat in tough economic times. Tara Skinner uses the tale of the Titantic to describe risk capital risk management best practices.

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PUBLIC SECURITY

The drive to modernize policing

Many police forces still work with outdated technology and manual processes, which is time-consuming and error-prone. This is fueling investments in modernization that can push data exploitation to the front line.

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BANKING - REGULATORY COMPLIANCE

People, process, culture – and technology

Data governance requires measurement and constant improvements of data quality. That’s a mountain of a job without clearly defined roles and responsibilities. This is the second in a series of risk management videos discussing risk management. In this installment, Peyman Mestchian, Managing Partner at Chartis Research, and Tom Kimner, Head of Americas Risk at SAS, talk about data governance and the need for specialized departments, technology and skills.

Watch the video



PUBLIC SECURITY

How can agencies use data most effectively?

A single system for data management – from collection and quality to analysis, reporting and security – will help your agency make the connections and deliver the answers at the right time to the right people.

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BANKING - REGULATORY COMPLIANCE

How to monitor emerging risks

Peter Sofarelli, Director of Financial Services Sales at SAS, talked with Katie Sillo at Argyle Executive ForumSM. They discussed the advancements in analyzing portfolio risks and how banks are employing new technologies to keep up. Sofarelli says there's never been a better time to operationalize your corporate risk strategy into day-to-day business processes.

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FINANCIAL CRIMES

Mobile payments, smurfs and emerging threats

M-payment remittances are replacing traditional banks and money services that have historically charged high fees for small transfers. The advantages and pitfalls of these M-payments for law enforcement and financial services are many. Former US Treasury Special Agent John Cassara maps what he sees in the road ahead and gives advice for protecting your firm.

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BANKING - REGULATORY COMPLIANCE

What are banks top CCAR hurdles?

With CCAR, regulators will hold bank holding companies to more stringent standards for capital planning and stress testing. We asked our banking customers what their biggest struggles are with compliance and how they are addressing them.

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BANKING - REGULATORY COMPLIANCE

The role of data management in risk and compliance

Data management is a high priority for banks for several reasons - not the least of which is regulatory compliance. But developing the processes, instilling the culture and implementing the necessary technology is no small feat. Felix Liao from SAS says the effort will pay off in the long run. He says, "... a large portion of the compliance related data management requirements map well with traditional data governance capabilities." And that's just good business sense.

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ANTI-TERRORISM

The new face of terrorist activity detection

Terrorist and criminal organizations continue to raise funds through a wide range of criminal activities, and their financing efforts often prey on vulnerable government programs. This case study of a Hammoud terror cell shows how a hybrid analytic approach empowers government agencies and law enforcement to connect the dots.

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PUBLIC SECURITY

Stop profiling, start analyzing

Profiling isn't a particularly effective way to identify high-risk travelers or freight. A better option is risk scoring. This technique uses intelligence, behavioral modelling and data analytics to assess the risk.

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CUSTOMER DUE DILIGENCE

Rethink Customer Due Diligence

Given recently enacted compliance laws like the Foreign Account Tax Compliance Act (FATCA ), there’s never been a better time to re-examine your current CDD processes and enabling technology. Automated analytical tools can help you accurately segment and identify customers by the risk they represent so you can monitor them appropriately and make the best use of investigative resources.

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ANTI-MONEY LAUNDERING

Follow the money

Trade-based money laundering can take many forms, from simple bartering to commodity exchanges. As long as the parties don’t get too greedy, they can go virtually undetected. John Cassara, former intelligence officer and Treasury Department special agent, invented the concept of Trade Transparency Units. Today, he talks about the value of analytics in countering trade-based money laundering.

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BANKING - REGULATORY SECURITY

BCBS 239: More questions than answers?

In the first installment of our risk management video series, Peyman Mestchian, Managing Partner at Chartis Research, and Tom Kimner, Head of Americas Risk at SAS, discuss the principles and the questions the principles leave unanswered. For instance: How will the principles be implemented, executed and enforced? What kind of investments do you need to make? What is risk data?

Watch the video



CYBERSECURITY

Three cybersecurity best practices

Cybercrime is responsible for the loss of billions of dollars. Cybercriminals steal identities, hijack networks and access sensitive data. And the tools and techniques they use are continually evolving. What can you do to stop them? Minimize the risk?

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BANKING - REGULATORY COMPLIANCE

Data quality: The Achilles' heel of risk management

Given the tightly regulated environment banks face today, the importance of data quality cannot be overstated. Beyond the obvious benefits of staying one step ahead of regulatory mandates, having accurate, integrated and transparent data will drive confident, proactive decisions to support a solid risk management foundation.

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COMMODITY TRADING - REGULATORY COMPLIANCE

A new arms race: Analytics for commodity market compliance

Today’s regulators now employ big data analytics to uncover troubles in the commodity swaps market. Staying ahead of innocent compliance errors – and quickly identifying the occasional bad actor from within – will require some tough analytics of your own.

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BANKING - REGULATORY COMPLIANCE

How to monitor emerging risks

Peter Sofarelli, Director of Financial Services Sales at SAS, talks with the Argyle Journal about advancements in analyzing portfolio risks and how banks are employing new technologies to keep up.

Read the article



BANKING - FRAUD

How to uncover common point of purchase

For issuing banks, a critical aspect of controlling card fraud is CPP analysis. CPP analysis identifies the likely merchant location where card numbers were stolen, allowing banks to mitigate future fraud on other compromised cards.

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PUBLIC SECURITY

Big data and public security

Working together, agencies can harness the power of big data to understand the continuum of past, present and future – with a proactive focus on the future. Since the big data analytics foundation is available, there are no excuses. The mission of public health, safety and security, require us to take action.

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BANKING - REGULATORY COMPLIANCE

Four focus areas for successful stress testing

Stress testing is not new to the risk world. But the increased complexity, expected frequency and firm-wide nature of scenarios present new challenges. That being said, to deliver a successful stress testing program, there are five key areas you should address.

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BANKING - FRAUD

Our anti-money laundering efforts have failed

John Cassara says that history has shown us that our efforts in anti-money laundering – following dirty money, identifying and taking away illicit proceeds, and punishing money launderers – is abysmal. What can we do to change this?

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BANKING - REGULATORY COMPLIANCE

Understanding capital requirements

Credit risk classification systems have been in use for a long time, and with the advent of Basel II, those systems became the basis for banks’ capital adequacy calculations. What is needed going forward is an efficient and honest dialogue between regulators and investors on capitalization.

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INSURANCE - FRAUD

Six essential skills for SIU analysts

The speed and volume of information necessary for modern SIU analytical efforts has created a need for analysts with specialized skills. The skill set includes an ability to amass data from disparate sources and shape it into a format that helps identify, analyze, investigate, manage and understand fraud risk.

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CYBERSECURITY

Top 4 cybersecurity defense postures

Some organizations use a combination of postures - others have only one. Jen Dunham and Chris Smith, SAS, discuss the four main postures for you to consider.

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BANKING - REGULATORY COMPLIANCE

Less talk, more action

Last week's announcement by The European Banking Authority of its 2014 EU-wide stress test triggered an uproar of divergent opinions and criticism that will rumble for some time. This new methodology will profoundly impact how the European and global economies evolve.

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INSURANCE - FRAUD

Are you covering who you think you’re covering?

How rigorous are you in determining membership eligibility? If you are not diligent enough, you may be letting money slip out the door. In fact, by some estimates, between 4 and 18 percent of all health plan benefits are paid out in error due to eligibility fraud issues.

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BANKING - REGULATORY COMPLIANCE

Experts: Nothing simple about meeting regulatory requirements

Experts discuss the trends and technologies that affect how financial institutions handle the growing number of regulations and regulatory agencies. They answer the question of how data and analytics help.

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PUBLIC SECURITY

How data visualization helps crack down on crime

Across the world, law enforcement agencies are making more intensive use of data visualization technologies. They gain a real-time view of locations, layered with crime, traffic, geospatial, weather and other data. This means decisions are based on solid, robust data and resources allocated to guide intervention and crime prevention. Data visualization can make this possible for you too.

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CYBERSECURITY

Five hurdles to effective cybersecurity

In the battle against cybercrime, it often seems that as soon as you've learned the ins and outs of one threat, another comes along that is twice as devilish. It's like running a 100 meter hurdle against an Olympian - and your hurdles are twice as high. Jen Dunham and Chris Smith discuss five hurdles you might be facing and how they think you can compete in that race.

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INSURANCE - FRAUD

Why it's so easy to steal from insurance companies – and what to do about it

The former leader of a successful and sophisticated fraud enterprise that operated in Southern California recently spoke to a group of leading fraud investigators in Florida about how he was able to steal so much money from them, who does it and why it's so easy.

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NATIONAL SECURITY

Why big data analytics holds the key to tackling the changing terror threat

Everyone leaves a data footprint behind to follow – bank accounts, travel patterns, phone records and online activity. That sounds useful. You could just sift through all of that to find the next terrorist. Right? Sounds good on paper, but that is a lot of data – really big data. The advantage of advanced analytics is that you don’t need to know what you’re looking for.

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NATIONAL SECURITY

Demons of Gadara: Terrorism financing

Trent Smith interviewed John Cassara about his book and what motivated him to write it. Cassara says he combined the things he learned as a former “street” agent with some of the things he’s learned from SAS. Cassara uses fiction to show some of the real challenges and dangers in terrorism financing.

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BANKING - REGULATORY COMPLIANCE

The good news and the bad news

Last week, the Basel Committee on Banking Supervision released the “Supervisory framework for measuring and controlling large exposures,” which provides a less strict definition of capital and revised formulas for measuring exposures and derivatives. What do you need to meet those changes?

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CYBERSECURITY

How to beat Heartbleed

Commonly used security tools are no match against a security hole like Heartbleed when data volumes are very high or a long timeline is involved. High-performance analytics is critical for the type of behavioral analysis you would need to detect this type of vulnerability. Jen Dunham explains how.

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INSURANCE - FRAUD

Six inhibitors to analytics adoption in claims

Media and industry information might lead to the assumption that most insurers are using predictive analytics for well-defined improvements in the claims arena. But after conducting research and interviews with insurance executives, The Gorman Group and SAS found this was not the case. Most insurers underuse predictive analytics in claims – and fail to get the full value from their claims data.

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BANKING - REGULATORY COMPLIANCE

What is a risk model?

Banks use multiple models to meet a variety of regulations (such as CCAR and Basel III). With increased scrutiny on model risk, bankers must establish a model risk management program for regulatory compliance and business benefits. Begin the planning by clearly defining what a risk model is.

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HEALTH CARE

The future of health care claims processing

To contain costs, health care organizations are changing the way they pursue claims overpayment. Traditionally, the focus was mainly on fraud. But today - in a process more broadly labeled payment integrity - plans are seeking to uncover a wider range of abuse, waste and errors and data-driven analytics is making that possible.

Read the article



BANKING - CYBERSECURITY

Keep your eye on the ball

Keep your eye on the ball: In this case, the ball is your data. There is so much data today – and coming from so many places – that it’s no longer feasible for you to keep that information in multiple places across your organization. Those silos are risky because what starts as a cyberattack can often lead to fraud or money laundering, which is difficult to detect when data is scattered everywhere.

Read the article



GOVERNMENT - FINANCIAL CRIMES

How m-payments might be the global money-laundering machine of criminals’ dreams

Millions of people now use their mobile phones for banking – and hidden among them are criminals. “M-payments will be one of the next big laundering methodologies that we have to confront,” says John Cassara, who spent 26 years as a covert CIA case officer and US Treasury agent.

Read the article



BANKING - REGULATORY COMPLIANCE

Six guidelines for constructing stress tests

Stress tests work well to highlight hidden weaknesses in a risk management system, such as hidden “hot spots” in a portfolio under extremely negative market conditions. When constructing stress tests, keep these six guidelines in mind.

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PUBLIC SECURITY

How big data analytics can be the difference for law enforcement

The real value in big data analytics is that you don’t have to know what you’re looking for before you start. This is a huge benefit to law enforcement agencies that are facing tighter budgets and scarcer resources.

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BANKING - CYBERSECURITY

Situational awareness – ‘seeing’ your security gaps

In the past, financial services organizations and government agencies have looked at cybersecurity as an IT problem. Today we know that we have to look at it as a risk management problem. Situational awareness should be part of the broader risk management strategy because cybersecurity isn’t just an IT problem.

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GOVERNMENT - CYBERSECURITY

Fighting cyberwars with cyberanalytics

Mike McConnell, former US Director of National Intelligence, told the US Senate, “If the United States were at cyberwar, it would lose.” If that is even remotely true, cyberdefenders need to be outfitted with the most effective weapon for winning that war – analytics.

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PUBLIC SECURITY - POLICING

How police forces can use data to prevent crime

Today's police forces are focusing their efforts on preventative policing - making it harder for criminals to commit crime in the first place. To accomplish that they need information on time and in a format that helps them identify and recognize suspicious behavior and activities.

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INSURANCE - FRAUD

Six ways big data analytics can improve insurance claims processing

Why make analytics a part of your claims processing? Because adding analytics to the claims life cycle
 can deliver a measurable ROI. Just a 1 percent improvement in the loss ratio for a $1 billion insurer is worth more than $7 million on the bottom line.

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BANKING - REGULATORY COMPLIANCE

Four themes running through the BCBS 239 principles

The 14 principles of BCBS 239 cover a lot of ground, ranging from IT infrastructure and governance arrangements, to the way that risk management departments generate ad hoc reports. Understanding the four underlying themes may aid in compliance.

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NATIONAL SECURITY

Combating blood money with big data

“Illicit proceeds from crime are blood money, and blood money should have no place in the U.S. financial system.” That was the conclusion of a report released in April by the Senate Caucus on International Narcotics Control. The best defense against those illicit financial networks? Big data.

Read the article


BANKING - REGULATORY COMPLIANCE

How banks are using high-performance analytics

SAS can help you build an analytic platform for CCAR and stress testing. And the good news is that you can use the models you’ve already built. We plug your models into our solution to give you the scalability – and functionality – you need.

Watch the demo



BANKING - REGULATORY COMPLIANCE

Reducing the CCAR pain

Theoretically, CCAR submissions can be developed and submitted using your existing risk and finance infrastructure. But there are some challenges to that approach. An analytic solution that is built to facilitate collaboration between risk and finance can produce some significant technical and business benefits.

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BANKING - CYBERSECURITY

Seven questions you need to answer about your financial crimes program

Jim Caldelmo says that banks need to apply analytics – the same powerful analytics platform used to track sales and marketing – to protect customers against financial crime. Caldelmo, Executive Director and Banking Secrecy Act Officer at Ally Financial, provides seven questions bankers should ask themselves to know if they have a solid financial crimes program.

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GOVERNMENT - CYBERSECURITY

Data-driven crime fighting

Criminals are connected by a maze of networks. Unfortunately, law enforcement is not always so well connected. Data sharing could change the face of public and national security.

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PUBLIC SECURITY

How intelligence agencies can reap the rewards of big data

The real 'value add' of applying high performance analytics to big data is that agencies don't need to know what they're looking for before they start. Instead, the analytical techniques will model the data and push information of interest back to users, drawing attention to relevant content.

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GOVERNMENT - CYBERSECURITY

Video Q&A: Jen Dunham on cybersecurity

Jen Dunham has a unique perspective on the challenges facing law enforcement and intelligence analysts. Dunham, a former intelligence analyst with the US Army, has held a TSSCI security clearance with numerous agencies supporting organizations such as FBI, DEA, NSA, CIA, NCTC, State Department, Department of Energy, and state and local law enforcement. In this video, she talks about today’s cybersecurity challenges and her ideas for addressing them.

Watch the video



INSURANCE - FRAUD

Fighting fraud in real time: 3 recommendations

When it comes to fraud investigation, historically the process has been anything but quick. James Ruotolo talks about the value of real-time insights for insurers and gives recommendations for when that speed is invaluable.

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INSURANCE - FRAUD

Using analytics to prevent underwriting fraud

Underwriting fraud is a growing trend in the insurance industry, spanning across all lines of business and customers – from individual policyholders to large global organizations. Read about three common types and their remedies.

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BANKING - REGULATORY COMPLIANCE

Are US Banks ready for Basel III?

The newly released Basel III final rules for capital adequacy will pose a challenge for banks that aren't prepared. But banks that are prepared stand to gain real business benefits from these evolving regulations. So what constitutes being prepared? Tom Kimner, head of the Americas Risk Practice at SAS, weighs in on the three things you need.

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BANKING - REGULATORY COMPLIANCE

Comply with FATCA now – but think to the future!

In 2010, US legislators estimated that the Treasury loses as much as $100 billion annually to offshore tax non-compliance. Their response was to pass the Foreign Account Tax Compliance Act (FATCA). And the US response may only be the beginning. How do you get a handle on the information you need to be compliant?

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PUBLIC SECURITY

Technology is the key to helping prisons fulfill their duty of care

Across the world, prisons perform a similar function – as places where individuals who have committed crimes can be confined and their movements and freedoms restricted. Gordon Harrison, talks about the systems that contribute to and quickly gather information about prisoners so that you can fulfill a duty of care to them, the staff and the community.

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BANKING - CYBERSECURITY

New payment methods fuel cyber-attacks

Mobile can fundamentally change the banking experience and strengthen customer-bank relationships. But those new payment methods are fueling a rush of cyber-attacks across the world.  Ellen Joyner provides best practices to ensure collaboration between law enforcement and financial institutions - a critical component to protecting consumers’ money.

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HEALTH CARE FRAUD

The greatest health care fraud risks of 2014

As a result of PPACA, the US health care system has been injected with millions of new consumers of health care services. This means more health care revenue potential and some new areas for real concern to health payers. Julie Malida writes about the top five areas of concern health payers should be on the lookout for in 2014.

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ANTI-TERRORISM

Tackling the new terrorist threat

Ten years ago, authorities were focused on dealing with complex, organized conspiracies. Those threats still exist but now we are also dealing with a new kind of terrorism, where individuals or small isolated groups carry out attacks in isolation. Joanne Taylor asks, "How can we deal with this new kind of terrorism, where individuals or small isolated groups carry out attacks in isolation.

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BANKING - FRAUD

A 20/20 vision of risk

Banks need a holistic view of their data in order to accurately detect risk. They also must overcome the challenges associated with poor data quality and the "noise" generated by existing control systems. Laura Hutton, Director of Banking and Solutions at SAS, explains how technologies can improve a bank's visibility into operational risk. 

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CAPITAL MARKETS - RISK

How to analyze hedge fund risk with sparse data

In the world of early-stage hedge funds, hedge fund managers are reluctant to share position-level data, because they don't want to reveal their strategies. That means that firms like Larch Lane Advisors must augment the limited data from these funds with information from hedge fund databases. And that's precisely why they chose SAS – for fast, reliable risk results from limited data.

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BANKING - CYBERSECURITY

Cybersecurity for the mobile world

Mobile is the fastest growing banking service, and the always-connected generation expects secure, on-the-go banking. But cybercriminals are also children of the digital age. And they are quick to find – and exploit – any weaknesses in these new technologies. Longitude Research conducted a survey to find out what cybersecurity challenges banks are facing.

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CAPITAL MARKETS - RISK

Supercharging capital markets with real-time data and visualization

By performing deeper analyses on data captured in-stream, and then injecting the results back into the business in real time, firms can better manage market risk, liquidity and counterparty credit risk during the trading day.

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State & Local Connection

While government is, by no means, the only industry fighting fraud, government agencies face unique challenges. Join in discussions about the many ways analytics is driving change.


The Analytic Insurer

Explore customer, risk and fraud challenges specific to the insurance industry – and the advancements in analytics that are driving new conversations.