With the burgeoning growth of electronic financial transactions and their relative anonymity, sophisticated fraud schemes have exploded in the last 5 years, as reported by the FBI and leading publications such as the Wall Street Journal, Forbes and the New York Times. As reported by...
Read More Healthcare claims are inviting and alluring target for fraudsters due to their huge monetary value. In 2017 alone, HHS and DoJ recovered around 2.5 Billion Dollars in claims fraud. And that is just one year. The challenges facing health care payers are manifold as they...
Read More Fraud has been causing rising challenges for businesses. Over 72% of businesses cite fraud as a growing concern, and about 63% of businesses report same or higher levels of fraudulent loses over the past 12 months according to a report by Experian Global. The challenge...
Read More 10 categories of warranty fraud to watch out for. Sam says, all the warranty repairs are normally categorized into about 10 different categories. The final price charged varies between dealerships as the prices of the service and parts are marked up by different factors by...
Read More The task of cleansing, shaping and bending data for analytics or other business purposes is known as DATA PREPARATION. Data preparation is an inseparable component of many systems and applications managed by IT. Tasks such as data warehousing and business intelligence are the more formal...
Read More Parenting is a roller-coaster ride of guilt and pride, especially if both you and your spouse are working. There has been a sharp increase in the number of families where both the parents are working than the previous decade, and unfortunately, it might be somehow...
Read More Companies like Conagra are using AI-based platforms to launch new products quickly to capitalize on changing consumer trends Food and flavors have long been imperative to human civilization, and as consumers are becoming savvier with their food choices and home cooking, insights gained by using...
Read More After the financial meltdown of the last decade, many lenders have found themselves in a tough situation where they just cannot use the conventional underwriting guidelines to identify enough “good borrowers” to whom they can lend money. For example, subprime auto lender Prestige Financial Services...
Read More by Ananta Mukerji The makers of cars, trucks and other vehicles account for between 40% and 45% of the warranty expenses of all US-based manufacturers. Fraudulent warranty claims therefore represent a significant exposure for Automotive OEMs, and it is important to understand these expenditures in...
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