The digital world has significantly transformed over time along with security measures. Fraud is inevitable. Even after tight security measures, cyberlaw, fraud-detection algorithms, and digital scrutiny, there are multiple instances of frauds occurring all over the...
fraud prevention
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Why Is Fraud Analytics Important for Your Business?
Businesses today increasingly rely on IT systems to manage and store their data. The role of technology in making business processes advanced and simpler is undeniable. On the contrary, technology is a significant factor in making a company vulnerable to hackers and...
Increasing Fraud Detection with Data Analytics in the Banking Industry
Every year fraudsters, imposters, hackers, and others amass billions of dollars from the financial industry by means of fraudulent activities. In the past, major banks usually resorted to a reactive approach by getting hold of the fraudster only after the crime has...
How Can Data Analytics Save Billions of Dollars for the Healthcare Industry?
Healthcare insurance is a boon to a large segment of people who would otherwise not be able to afford healthcare services due to its high cost. The process of claiming insurance benefits has also been pretty straightforward to improve delivery of services. However,...
Financial Services Industry Client Leverages Fraud Analytics to Improve Service Offerings
Lately, the financial services industry has been proliferating due to the rise of digital technology, which has dramatically altered the market landscape. Moreover, banks across the globe are offering financial planning and trading applications through smartphones and...
Fraud Analytics – Preventing Million Dollar Damages to Revenues and Reputation
The act of fraud by itself is a billion-dollar industry affecting a vast majority of the organizations. In the past, organizations were helpless and often resorted to reactive measures to tackle fraudulent activities. The advancement in the field of data science has...
How Advanced Analytics is Re-shaping the Banking World
Like ATMs and online banking before it, advanced analytics is quickly changing the playing field in the banking world. Banks are increasingly using analytics to gain a competitive advantage and to form conclusions and insights based on the information they have...