Data Analytics

From many, comes one (algorithm)

Recent anticorruption research shows that when companies collaborate to share information about third-party payments and high-risk transactions, they have a 25% greater chance of predicting improper payments than when each company’s model is performed in isolation. A new data-sharing consortium led by a nonprofit at MIT is working to make such collaboration possible.

Lender beware

When inflation skyrockets, central banks increase interest rates to slow spending. Here, the author details why periods of high inflation might lead to high rates of fraud in the lending industry and what lenders can do about it.

Sleuths on the cyber trail

Andy Greenberg, the award-winning WIRED reporter, talks about his latest book on bitcoin tracing and how law enforcement still has the upper hand in its fight against cyberfraudsters and other criminals on the dark web.

Preventing fraud through due diligence

Due diligence is a proactive countermeasure against fraud, helping to safeguard the interests of all parties involved in a transaction. Here are some pointers in how to carry out due diligence and prevent fraud in the process.

Build it right, and they will come

When we think of innovation, certain industries spring to mind: electric vehicles, fintech, medtech, space exploration, to name a few. But innovation and change are just as prevalent in the professional services industry, where consultants must stay up to speed to best advise their clients. Learn how professional services firms can stay competitive and relevant through technology innovation.

Use advanced tools to fight Medicare fraud

ACFE President and CEO Bruce Dorris, J.D., CFE, CPA, discusses the importance of fighting against algorithmic manipulation and data mining in the Medicare Advantage system.

Battling fraudulent product substitution

Fraud fighters have long been aware of the dangers of product substitution and counterfeit parts in military equipment. But global supply chain shortages and the U.S. armed forces’ need for obsolete parts have exacerbated the problem. Here a former NCIS agent talks about his experience and how a more proactive approach can help.

Thwart procurement fraud

Organizations need to buy goods and services. Fraudsters love to target faulty procurement systems because that’s where they can find fantastic amounts of cash. But you can impede integrity breaches with dynamic data analytics.

The Medicare disadvantage

Medicare Advantage, the private-sector arm for elderly care, is fast becoming the new battle front in the fight against health care fraud in the U.S. Here's why, and what fraud examiners think should be done.

Catching health care fraud with statistical graphics

Inflating codes that determine how much Medicare and Medicaid pay to health care providers is common practice among fraudsters. Now they’re doing it in increasingly sophisticated ways. Here we examine how statistical graphics can help spot upcoding in what can be an arcane and complicated billing process.

Organizations race to adopt new anti-fraud technologies after slow start, ACFE/SAS technology report shows

The ACFE and SAS release their 2022 Anti-Fraud Technology Benchmarking Report; nominations open for the 2023-2024 Board of Regents

The seven wonders of fraud detection analytics

Fraud is constantly evolving. So too should our technologies for detecting and preventing it. Inspired by the Seven Wonders of the World, I present my seven favorite anti-fraud techniques. Some have been in use for over a decade, some are new and evolving — but all of them are “wonderful.”