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Assurance in real time

Real-time Audit

Real-time auditing will play an increasingly key role in the future. This involves federating data sources and using sophisticated computer programs that run continuously to identify exceptions or anomalies, analyse patterns within the digits of key numeric fields, review trends and test controls.

Currently, most organisational communication in the market is unassured.  That is, there is no auditor involvement when a […]

By |May 20th, 2017|Analytics, Compliance, Data, Fraud, Regulatory, Risk|

Stopping the fraudsters

Problem:
For insurance companies, the fraud can range from the use of stolen credit cards, collusion and identity theft. According to the Insurance Fraud Bureau (IFB) in the UK, undetected general insurance claims fraud total £2.1billion a year adding on average £50 to the annual costs individual policyholders, on average, each year.

A growing phenomenon is the “Cash for Crash” scam in […]

By |August 20th, 2015|Fraud, Insurance, Pattern Recognition|

Retail Fraud Detection

Retail fraud can range from fraud in returns or abuse of customer service, or credit risk for larger purchases, based on, for example, uncovering fraud rings, social media activity of customers and detecting patterns. It can also be major security breaches putting private customer information at risk. Retailers need to protect their margins and their reputations by proactively detecting fraudulent […]

By |February 20th, 2015|Fraud, Retail|