Fighting Fraud: Predictive Technology to the Rescue

June 4, 2014 by Bonnie D. Graham 0

The buzz: Fraud.

As hard as you try to implement anti-fraud processes and tools, fraudsters are working harder to thwart your efforts.

Take heart! Predictive analytics technology can help you understand emerging fraud patterns and adapt your strategies against new types of attack.

These tools continue to advance, but is your management team making analytics – and the insights they bring – a high enough priority?

The experts speak.

Derek Snaidauf, Deloitte: “There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.” (John F. Kennedy)

Michael P. Cangemi, Cangemi Company: “An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.” (Jack Welch)

Jérôme Pugnet, SAP: “The median duration – the amount of time from when the fraud commenced until it was detected – for reported cases is 18 months.” (2014 ACFE Report to the Nations)

Join us for more insights on Fighting Fraud: Predictive Technology to the Rescue – Part 2.

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