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All Blog Posts Tagged 'fraud' (9)

Detecting Hidden Fraud Risk from Public Data

by Hudson Hollister

Detecting which of the federal government’s millions of contracts most likely involve fraud used to require insider access to agencies’ IT systems. Data analytics provides greater efficacy and higher hit rate than traditional investigative methods – and now can even be performed using only public…

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Added by Paul Derstine on October 28, 2019 at 11:30am — No Comments

RADR: A Powerful Visual Risk Analytics Tool

by Vic Diloreto, Director, Software Products, Elder Research

The Risk Assessment Data Repository (RADR) is a powerful risk analytics platform used to enhance productivity in the investigation of fraud, waste and abuse. This server-based, data analytics product  fuses data from…

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Added by Paul Derstine on October 17, 2019 at 5:01am — No Comments

How to Choose Fraud Detection Software: Features, Characteristics, Key Providers

As we make more cashless payments for retail purchases, restaurants, and transportation – not to mention the increase in online shopping – wallets loaded with legal tender may become a thing of the past. According to 2018 research by BigCommerce, software vendor and Square payment processing solution provider, 51 percent of Americans think that online shopping is the best option. Last year, 1.66 billion people worldwide bought goods online. And the…

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Added by Kateryna Lytvynova on December 19, 2018 at 1:00am — No Comments

The Fourth Way to Practice Data Science – Purpose Built Analytic Modules

Summary:  Purpose Built Analytic Modules (PBAMs) such as those for Fraud Detection represent a fourth way to practice data science, a new model for the good use of Citizen Data Scientists, and a new market for AI-first companies.

 

It appears that data science has exited its age of exploration and entered into its…

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Added by William Vorhies on September 18, 2018 at 9:07am — No Comments

How Big Data can Help Community Banks

Big Data tools not only simplify lengthy analytical procedures in any industry, but they also provide a competitive advantage to banks. With new regulations, banks are looking at ways to make compliance procedures more effective and accurate. Big Data in banking is slowly gaining momentum and becoming an inevitable necessity across the banking industry. As traditional…

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Added by Deena Zaidi on November 2, 2017 at 11:00am — No Comments

6 Ways Big Data Analytics Can Drive Smarter Customer Service

Big data analytics finds immense application across the entire business. One area which can have direct, measurable and visible impact is the area of customer service. Data has been used since time immemorial to improve customer service, but it is only recently that the full power of predictive analytics is being applied in this function. Organizations, both large and small, are using big data…

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Added by Aureus Analytics on November 24, 2015 at 1:00am — No Comments

The Dark Side of Big Data

Ashley Madison, IRS, Target, Sony…What do they have in common? Here we only name a few but of the most tremendous crisis of data breach in recent years - yes, it is happening and it is happening everywhere. The cost of data breach comes to a new high at $154 per record of stolen or leaked data, adding up to millions of data for each incident, including the law suits,…

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Added by Yuanjen Chen on September 1, 2015 at 9:00pm — 1 Comment

How big data analytics can help to avoid fx rate fixing & Benchmark rate rigging?

Foreign exchange market is world's largest and least regulated financial market. Its estimated daily turnover is $5.35 trillion, according to the Bank for International Settlements’ triennial survey of 2013. Speculative trading dominates commercial transactions in the forex market, as the constant fluctuation of currency rates makes it an ideal venue for institutional players with deep pockets – such as large banks and hedge funds – to generate profits through speculative currency…

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Added by ganeshbabu on July 20, 2014 at 8:03pm — No Comments

Fraud detection in Medicaid / Medicare

Medicaid is a USA government run healthcare program for the poor, elderly and disabled, which is jointly funded by the states and the federal government

Medicaid has been the top priority on many state budgets. Considering the huge investments from both government as well as states, there are whole lot of malpractices to grab this money.
Experts estimate…
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Added by Sandeep Raut on June 29, 2012 at 8:24am — No Comments

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