Fighting Fraud: Predictive Technology to the Rescue?

April 14, 2014 by Bonnie D. Graham 0

The buzz: Fraud.

As hard as your company works to put in place effective anti-fraud processes and tools, fraudsters are working harder to circumvent whatever you try.

Take heart! Predictive analytics technology may be able to help you understand emerging fraud patterns and adapt strategies against new types of attack.

The experts speak.

Derek Snaidauf, Deloitte: “By some estimates, the typical organization loses 5% of its revenues to fraud each year, which translates to a potential projected global fraud loss of more than $3.5 trillion. Fraud perpetrators are sophisticated, well organized, and adaptive—as soon as one scheme is detected, another one materializes.”

Michael P. Cangemi, Cangemi Company: “Imagination is more important than knowledge.” (Albert Einstein).

Jérôme Pugnet, SAP: “People always tend to see gangsters as stocky dark-haired guys. It’s the silliest prejudice.” (Antoine Beretto, “Ne nous fachons pas!”).

Join us for Fighting Fraud: Predictive Technology to the Rescue?

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