Tag Archives: fraud

Top 10 GRC issues

By Waynette Tubbs, Editor | Published: December 19, 2011

Organizations must move toward a focus of governance, risk and compliance to remain competitive and avoid the surprises that can cause them to cease operations or face acquisition. Read the 10 most pressing GRC issues facing corporations today.

Also tagged audit, Basel III, Dodd-Frank, Solvency II |

Choosing a hybrid approach to fight fraud more effectively

By Dan Barta, Director, Enterprise Fraud Strategy at SAS | Published: November 15, 2011

A hybrid approach identifies associations between various accounts and integrates that information with the traditional rules and analytics to better score risk, prioritize alerts, reduce false positives, increasing the efficiency of investigators and reducing fraud losses. Dan Barta describes network analysis and says you can use either the top down or bottom up approach. Which approach are you using?

Also tagged FFIEC, fraudsters, hybrid approach, network analysis |

Insurers tackle thorny issues in fraud detection and prevention

By Rachel Alt-Simmons, Sr Industry Consultant, Insurance, SAS | Published: November 1, 2011

The Insurance Information Institute estimates that 10 percent of all property and casualty claims are fraudulent. Investigating suspicious claims after they are paid makes it so much harder for insurers to stop the fraudsters. In this post, Rachel Alt-Simmons reports on a panel discussion between Allstate and CNA, insurers that are now using data-driven decision making to detect and prevent fraud.

Also tagged Allstate, CNA, Deb Smallwood, fraud detection, fraudsters, insurers, PBLS, SIU |

New analytical approaches, less fraud

By Ellen Joyner-Roberson, Fraud, Financial Crimes, SAS | Published: October 19, 2011

Each year, cybercriminals steal as much as US$1B from small and mid-sized bank accounts in the US and Europe. Read about matching their sophistication with a new, hybrid strategy that incorporates new sources of data, real-time analytics and collaborations.

Also tagged Analytics of Global Patterns of Fraud, cybercrime, cybercrooks, Dell SecureWorks, emerging fraud threats, fraud detection, hybrid fraud detection strategy, identity theft, KPMG, malware, organized crime, PII, real-time analytics, unstructured data |

More ACH payments, more chances for fraud

By David Stewart, Financial Crimes for Banking, SAS | Published: August 25, 2011

While ACH payments were once considered low risk, they have attracted the attention of criminals who use the high volume and relative anonymity of such transactions to commit fraud on a growing scale. Read more to find out how to reduce fraud losses.

Also tagged ACH, AFP, Association for Financial Professionals, automated clearing house, case management, data analysis, electronic payment vehicles, Electronic Payments Association, financial crimes, fraud detection, fraudsters, NACHA, wire fraud |

Mastering fraud and the ‘perfect storm’

By Stu Bradley, Dir Fraud and Financial Crimes, SAS | Published: August 22, 2011

Stu Bradley, Director of the Fraud & Financial Crimes Practice at SAS

Fraudsters have proven their abilities to skirt network security and authentication, which means it’s time for institutions to focus on an analytics approach. Read about Stu Bradley’s three-pronged approach for addressing fraud and stopping the transactions before loss occurs.

Also tagged anomaly detection, anti-malware, counterfeit credit cards, ffiec authentication guidance, PII, white cards |

Stop fraudsters before they strike

By Satish Lalchand, Sr Manager, Deloitte Financial Advisory Svc | Published: June 30, 2011

Tune in to this webinar to hear Satish Lalchand, Deloitte Financial Advisory Services, and Jon Lemon, SAS, discuss how to improve your information credibility, enhance the effectiveness of your investigations and demonstrate financial accountability in a timely and effective manner.

Also tagged abuse, error, fraud detection, improper payments, waste |

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