Patterns are discerned to create actionable intelligence. In this case, the formula derived from this analysis resulted in an algorithm that discovered an organized BP Texas deckhand fraud scheme equal to over $2.3 BILLION.
Algorithms created from this analysis discovered over 40,000 synthetic identities (the claimants did not exist).
Article in the Fraud Examiner published by the ACFE
Big Data Analytics are Necessary to Fight Unique Fraud 1 (pdf)
DownloadConducting a meaningful statistical trends analysis on gathered data means formulas can then be created to discern patterns in the data and yield actionable intelligence based on pre-defined parameters.
Copyright © 2023 Risk Management and Project Management - All Rights Reserved.
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.