June 17, 2015 | Written by: Mandy Fogle
Today, I have the distinct pleasure to be a featured speaker on a CFO.com webinar on the topic of ‘Using Advanced Analytics to Counter Fraud in a Big Data World.’
As you are no doubt aware, combating fraudulent activity is a hot topic across the C-Suite today, and most particularly in the CFO and finance space. The set of challenges this poses is not going away anytime soon. Recent estimates indicate that today $3.5 trillion (yes, with a T) is lost annually to fraud and financial crimes.
Senior finance executives have new tools and technologies to discover fraud, waste, abuse and errors across their firms and functions. Moreover, advanced analytics are now being used to analyze an organization’s internal data to measure behavior, and then compare the results within specific peer groups to identify anomalies that indicate suspicious activity.
We will take a look at how CFOs and enterprises across a wide array of industries are addressing these challenges, including:
- Identifying potential fraud before payment, reducing expensive recovery actions;
- Detecting multiple behaviors and schemes simultaneously;
- Analyzing transaction/claim- and provider/supplier-level information to detect suspicious patterns; and
- Providing evidence-based identification of target cases for investigation.
We will also discuss the latest developments from IBM Research on countering, highlight several client case-study examples featuring actionable guidance, and of course, take your questions. I hope you will take an hour out of your busy schedule (2pm ET US) to join me and our friends at CFO.com for this informative live webinar. Pre-registration is required at ibm.biz/BdXPAN.