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Insurance frauds
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Reasons Why Fraud Analytics is the Need of the Hour
What is Fraud Analytics? Fraud analytics is an umbrella term that comprises numerous quantitative sciences like business intelligence and data analytics in order to better understand fraud. Furthermore, fraud analytics helps in developing effective fraud detection...
Top Online Fraud Trends to Watch Out For This Year
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 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...
Insurance Fraud Detection – Data Analytics to the Rescue
Along with low penetration of insurance products and loss-making portfolios, it is the high incidence of insurance frauds which is giving nightmares to insurers throughout the globe. According to industry estimates, in August 2016 property/ casualty insurance fraud...