Fraud costs businesses millions and is an issue to which the enterprise must pay constant attention. Organizations must work to mitigate fraud to improve business results and develop and sustain fraud detection processes to enable operations monitoring.
The business can use existing integrated data to identify the most common and unique signs of fraud and to create processes, set thresholds and alerts to track and monitor events.
Financial services, healthcare, government and public sector
Develop fraud detection and mitigation models
Reduce costs and negative impact on the bottom line
Optimize resources and processes
Respond to changes and new developments in fraudulent activities
Identify patterns and trends
Create and leverage fraud behavioral models to monitor activity