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Fraud & Security Intelligence

Insurance scammers

Seven steps to a successful auto insurance scam

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Tuesday, May 21st, 2013

Auto insurance scams account for an estimated 25% of all auto insurance claims. Delving in to the mind of an insurance scammer is one step to protecting against fraud.

All Fraud & Security Intelligence Stories

Fraud is everyone’s problem

By Mikael Hagstrom, Executive Vice President, EMEA and Asia Pacific, SAS | Published: February 5, 2013
Make Everyone a Risk Manager

Most fraudulent activity goes untried. In many cases, it goes undetected. The cost of that fraud is often passed on to customers, constituents or owners in the form of higher fees, increased taxes or lower margins. It doesn’t have to be that way.

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Fraud detection is more than cool

By John Geurts, Executive General Manager for Group Security and Chief Security Officer, Commonwealth Bank | Published: January 31, 2013
Magnifying Glass

Reliably predict the likelihood of fraud activity before it is authorized? In real time? John Geurts, the Executive General Manager for Group Security and Chief Security Officer for the Commonwealth Bank Group in Australia, will walk you through the processes and technology.

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M-payments: a highway for terrorist financing

By LaVerne Durham, Industry Marketing Manager for Federal Civilian Government, SAS | Published: January 1, 2013
terrorist financing

There are only about 1.5 billion people who have direct access to financial services, making m-payments an attractive alternative to brick and mortar banks. And those with no access are not the only ones who will be attracted: M-payments will be enticing to criminals and criminal organizations as a means to launder money and transfer illicit value.

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Fighting organized insurance fraud

By Dennis Toomey, Senior Solutions Architect at SAS | Published: December 18, 2012
Organized insurance fraud

A recent study conducted by the Coalition Against Insurance Fraud and SAS points out that a major challenge in detecting organized insurance fraud is ensuring claims are not viewed in isolation. Insurers need good data for this. Dennis Toomey discusses requirements for a technology-based fraud detection solution.

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Is fraud too big to handle?

By Trent Smith, Government and Education External Communications, SAS | Published: December 11, 2012
Hybrid Anti-Fraud Approach 2

Representatives from property and casualty insurer CNA, Los Angeles County and health systems consultant OptumInsight painted a bleak picture about fraud in their industries. Numbers like $30 billion were suggested, and that was just insurance fraud.

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One step ahead of fraudsters

By Waynette Tubbs, Editor | Published: November 27, 2012
Insider fraud

Today’s fraudsters always seem to be one step ahead of investigators, so John York, Doris Wong and Dan Zaratsian from SAS wrote a SAS Global Forum paper to show that fraud investigators CAN get the upper hand. In this post, you get the paper and additional information from John York in a video interview.

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Hit a roadblock in your fraud management?

By Ellen Joyner-Roberson, Fraud, Financial Crimes, SAS | Published: November 20, 2012
Roadblock final

Ellen Joyner says there are three ways banks can use analytics to identity and stop fraud while improving the customer experience. See if one of these will remove your roadblock.

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Operationalizing a fraud detection solution

By James D. Ruotolo, Insurance Fraud, SAS | Published: November 6, 2012
James Ruotolo, Insurance Fraud, SAS

With many insurers pursuing an analytical fraud detection solution, a common question arises: Buy a solution or build one internally?

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Partnering for fraud prevention

By James D. Ruotolo, Insurance Fraud, SAS | Published: October 30, 2012
How Culture Determines Your Appetite for Risk

Some organizations have leveraged statistical software and internal experts to build their own fraud detection models. But building models is only half the battle. This post will review the factors to consider when implementing a fraud detection model.

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Fraudsters don’t worry about privacy, why should we?

By Ellen Joyner-Roberson, Fraud, Financial Crimes, SAS | Published: October 16, 2012
Ellen Joyner Robinson

In today’s world of cybersecurity threats, fraudsters use social media to gather personal information and target vulnerable places within your organization. The criminals have no boundaries when securing illicit funds and then funneling them through financial institutions disguised as legitimate financial transactions and eventually sending wires to offshore accounts.

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