How To Use Analytics in Fraud Detection

Program Overview

In the current harsh economic climate, one of the increased risks organisations face is that of employee fraud. According to the latest “Report to the Nations” done in 2020 by the Association of Certified Fraud Examiners (ACFE), the median loss from fraud was $125,000 per case and the median duration was 14 months. 

And, in harsh economic conditions, fraud incidents will increase simply because the motivation is much stronger. Simply put, if a family’s income has decreased, while the expenses are still the same, an employee will be more tempted to commit fraud than in “normal” times.

In this situation Government, corporate and the not-for-profit sectors need to act swiftly and be prepared, to detect early and minimise fraud occurrences across the organisation. And, one of the best ways to minimise fraud duration and impact is through proactive data monitoring, which reduces both duration and losses by 33% percent.

Learning Outcomes

Upon completion of this program, participants will:

Intended Audience

Other courses you may be interested in

Want to know more?

Please fill the form below if you would like to talk to us about this course and your needs. We will get back to you within 24 hours.

First Name*
Last Name*
Email*
Tel No*
City
Country*
Leave a message