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.
If traditional methods and systems used by federal agencies aren’t enough to detect organized criminal fraud networks, what is? Jon Lemon, Solutions Specialist at SAS, says that it’s time to change what you are looking for and methods by which you look. Take a look at how this hybrid approach is working.
Jon Lemon, Solutions Specialist at SAS, takes a look at three true stories of fraud to show how law enforcement or government agencies can use multiple analytical methods to proactively identify fraud schemes in their infancy – and spare federal taxpayers billions of dollars in benefit payouts each year.
Every day, fraudsters and cyber criminals become more sophisticated and better organized. How can you protect your organization and your customers from this threat? Patricia Spinner says convergence of fraud and security issues reduces vulnerabilities. She proposes a solution-driven, integrated approach that detect threats while there is still time to react.
One of the challenges facing financial institutions is that their fraud detection and prevention systems have been siloed by products and channels. They use one system for credit card detection, another for check fraud and yet another for online banking. The FFIEC recently updated guidance on customer authentication and layered security.
Given the increase in fraudulent claims, it is imperative for insurance companies to leverage technology as a key enabler to combat crime-ring-based fraud. Read this article to learn why predictive analysis is important for insurance fraud protection.
The growing threat of enterprise-class fraud
Leader’s integrity tied to risk management culture
Combating blood money with big data
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