Bank Fraud

Learn how advances in technology can help curb bank fraud Fraud prevention specialists are grappling with ever-mountingquantities of data, but in today's volatile commercial environment,paying attention to that data is more important than ever. BankFraud provides a frank discussion of the attitudes, strategies,and--most importantly--the technology that specialistswill need to combat fraud. Fraudulent activity may have increased over the years, but sohas the field of data science and the results that can be achievedby applying the right principles, a necessary tool today forfinancial institutions to protect themselves and their clientele.This resource helps professionals in the financial servicesindustry make the most of data intelligence and uncovers theapplicable methods to strengthening defenses against fraudulentbehavior. This in-depth treatment of the topic begins with a briefhistory of fraud detection in banking and definitions of key terms,then discusses the benefits of technology, data sharing, andanalysis, along with other in-depth information, including: * The challenges of fraud detection in a financial servicesenvironment * The use of statistics, including effective ways to measurelosses per account and ROI by product/initiative * The Ten Commandments for tackling fraud and ways to build aneffective model for fraud management Bank Fraud offers a compelling narrative that ultimatelyurges security and fraud prevention professionals to make the mostof the data they have so painstakingly gathered. Such professionalsshouldn't let their most important intellectualasset--data--go to waste. This book shows you just how toleverage data and the most up-to-date tools, technologies, andmethods to thwart fraud at every turn.... Mehr