Providing software solutions since 1976
Providing software solutions since 1976
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SAS fraud detection technology event comes to GeorgiaGovernment audience to learn about ways to fight fraud, waste and abuseAtlanta, GA (Sep. 12, 2011) – Defrauding the government has seemingly become a national pastime, and Georgia is no exception. From prison inmates hauling in $3.6 million in fraudulent tax returns to persistent fraud in a nutrition program for low-income women and children, Georgia is afflicted by these crimes but is looking for ways to fight back. At the upcoming SAS Best Practices in Government Fraud Detection event, attendees will learn about the government fraud challenge and the ways analytics technology can be used to identify fraud, prevent improper payments and support investigations. One powerful weapon in the fight is the SAS® Fraud Framework for Government, which can be applied to many areas of government – from detecting collusive patterns in entitlement programs such as Medicare and Medicaid to purchase-card fraud, bid-rigging and terrorist financing. SAS Analytics is already helping to detect fraud and recover money around the country. For example, armed with an innovative statewide detection system, the Louisiana Workforce Commission (LWC) has collected nearly $1.2 million of improperly avoided unemployment insurance taxes, plus penalty and interest. Also, a data mining pilot program in Los Angeles County achieved an 85 percent accuracy rate in detecting collusive fraud rings, and would have resulted in a total annual savings of at least $6.8 million. The fraud detection event, hosted by SAS, the leader in business analytics software and services, will consist of an executive breakfast and discussion led by fraud expert Chris Swecker. Swecker is a consultant for Swecker Enterprises, specializing in financial crimes and money laundering mitigation strategies. He has 30 years of experience in law enforcement, national security, legal, corporate security and risk management. In 2006, he retired from a top position in the FBI and served as Chief Security Officer for Bank of America, where he led fraud investigations, among other responsibilities. Swecker will discuss how analytics can be used to identify networks of fraudsters, detect fraudulent claims before they are paid and to fight internal and online fraud. The SAS Fraud Framework incorporates SAS Analytics to uncover previously undetected fraud patterns, which help identify and predict future risks. It uses SAS Social Network Analysis to expose hidden linkages between participants and providers engaged in fraud. This speeds investigation, capture and display of all information pertinent to a case. It scores data and generates alerts for the transactions with the highest probability of fraud. And it reduces the amount of false positives and negatives, saving investigators valuable time. With more than three decades of experience, SAS software is used at more than 50,000 sites worldwide, including 80 global government entities, the 15 US federal departments and all 50 US state governments.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 50,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world
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