Bank Fraud / SAS Institute Inc (PDF)

Learn how advances in technology can help curb bank fraud

Fraud prevention specialists are grappling with ever-mounting
quantities of data, but in today's volatile commercial environment,
paying attention to that data is more important than ever. Bank
Fraud provides a frank discussion of the attitudes, strategies,
and--most importantly--the technology that specialists
will need to combat fraud.

Fraudulent activity may have increased over the years, but so
has the field of data science and the results that can be achieved
by applying the right principles, a necessary tool today for
financial institutions to protect themselves and their clientele.
This resource helps professionals in the financial services
industry make the most of data intelligence and uncovers the
applicable methods to strengthening defenses against fraudulent
behavior. This in-depth treatment of the topic begins with a brief
history of fraud detection in banking and definitions of key terms,
then discusses the benefits of technology, data sharing, and
analysis, along with other in-depth information, including:

* The challenges of fraud detection in a financial services
environment

* The use of statistics, including effective ways to measure
losses per account and ROI by product/initiative

* The Ten Commandments for tackling fraud and ways to build an
effective model for fraud management

Bank Fraud offers a compelling narrative that ultimately
urges security and fraud prevention professionals to make the most
of the data they have so painstakingly gathered. Such professionals
shouldn't let their most important intellectual
asset--data--go to waste. This book shows you just how to
leverage data and the most up-to-date tools, technologies, and
methods to thwart fraud at every turn.