Bank Fraud E-Book

Revathi Subramanian

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: SAS Institute Inc
• Sprache: Englisch

Seitenzahl: 288

Veröffentlichungsjahr: 2014

Beschreibung

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.

Leseprobe

Wiley & SAS Business Series

The Wiley & SAS Business Series presents books that help senior-level managers with their critical management decisions.

Titles in the Wiley & SAS Business Series include:

Activity-Based Management for Financial Institutions: Driving Bottom-Line Results

by Brent Bahnub

Bank Fraud: Using Technology to Combat Losses

by Revathi Subramanian

Big Data Analytics: Turning Big Data into Big Money

by Frank Ohlhorst

Branded! How Retailers Engage Consumers with Social Media and Mobility

by Bernie Brennan and Lori Schafer

Business Analytics for Customer Intelligence

by Gert Laursen

Business Analytics for Managers: Taking Business Intelligence beyond Reporting

by Gert Laursen and Jesper Thorlund

The Business Forecasting Deal: Exposing Bad Practices and Providing Practical Solutions

by Michael Gilliland

Business Intelligence Success Factors: Tools for Aligning Your Business in the Global Economy

by Olivia Parr Rud

CIO Best Practices: Enabling Strategic Value with Information Technology,

Second Edition, by Joe Stenzel

Connecting Organizational Silos: Taking Knowledge Flow Management to the Next Level with Social Media

by Frank Leistner

Credit Risk Assessment: The New Lending System for Borrowers, Lenders, and Investors

by Clark Abrahams and Mingyuan Zhang

Credit Risk Scorecards: Developing and Implementing Intelligent Credit Scoring

by Naeem Siddiqi

The Data Asset: How Smart Companies Govern Their Data for Business Success

by Tony Fisher

Delivering Business Analytics: Practical Guidelines for Best Practice

by Evan Stubbs

Demand-Driven Forecasting: A Structured Approach to Forecasting,

Second Edition, by Charles Chase

Demand-Driven Inventory Optimization and Replenishment: Creating a More Efficient Supply Chain

by Robert A. Davis

The Executive's Guide to Enterprise Social Media Strategy: How Social Networks Are Radically Transforming Your Business

by David Thomas and Mike Barlow

Economic and Business Forecasting: Analyzing and Interpreting Econometric Results

by John Silvia, Azhar Iqbal, Kaylyn Swankoski, Sarah Watt, and Sam Bullard

Executive's Guide to Solvency II

by David Buckham, Jason Wahl, and Stuart Rose

Fair Lending Compliance: Intelligence and Implications for Credit Risk Management

by Clark R. Abrahams and Mingyuan Zhang

Foreign Currency Financial Reporting from Euros to Yen to Yuan: A Guide to Fundamental Concepts and Practical Applications

by Robert Rowan

Health Analytics: Gaining the Insights to Transform Health Care

by Jason Burke

Heuristics in Analytics: A Practical Perspective of What Influences Our Analytical World

by Carlos Andre, Reis Pinheiro, and Fiona McNeill

Human Capital Analytics: How to Harness the Potential of Your Organization's Greatest Asset

by Gene Pease, Boyce Byerly, and Jac Fitz-enz

Information Revolution: Using the Information Evolution Model to Grow Your Business

by Jim Davis, Gloria J. Miller, and Allan Russell

Manufacturing Best Practices: Optimizing Productivity and Product Quality

by Bobby Hull

Marketing Automation: Practical Steps to More Effective Direct Marketing

by Jeff LeSueur

Mastering Organizational Knowledge Flow: How to Make Knowledge Sharing Work

by Frank Leistner

The New Know: Innovation Powered by Analytics

by Thornton May

Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics

by Gary Cokins

Retail Analytics: The Secret Weapon

by Emmett Cox

Social Network Analysis in Telecommunications

by Carlos Andre and Reis Pinheiro

Statistical Thinking: Improving Business Performance,

Second Edition, by Roger W. Hoerl and Ronald D. Snee

Taming the Big Data Tidal Wave: Finding Opportunities in Huge Data Streams with Advanced Analytics

by Bill Franks

Too Big to Ignore: The Business Case for Big Data

by Phil Simon

The Value of Business Analytics: Identifying the Path to Profitability

by Evan Stubbs

Visual Six Sigma: Making Data Analysis Lean

by Ian Cox, Marie A. Gaudard, Philip J. Ramsey, Mia L. Stephens, and Leo Wright

Win with Advanced Business Analytics: Creating Business Value from Your Data

by Jean Paul Isson and Jesse Harriott

For more information on any of the above titles, please visit www.wiley.com.

Bank Fraud

Using Technology to Combat Losses

Revathi Subramanian

Cover image: © iStockphoto / dlewis33

© iStockphoto / enot-poloskun

Cover design: John Wiley & Sons Inc.

Copyright © 2014 by John Wiley & Sons, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data

Subramanian, Revathi.

  Bank fraud: using technology to combat losses / Revathi Subramanian.

   Pages cm.—(Wiley & SAS business series; 25)

  ISBN 978-0-470-49439-4 (hardback)—ISBN 978-1-118-22032-0 (ebk)—ISBN 978-1-118-23397-9 (ebk) 1. Banks and banking—Security measures. 2. Bank fraud—Prevention 3. Bank fraud—Prevention—Technological innovation. I. Title.

  HG1616.S37S83 2014

  332.1068′4—dc23

2013046697

To the amazing people who have influenced me profoundly

(given in chronological order of influence):

My parents, Srinivasan and Mahalakshmi

My brother Ramesh

My husband, Suresh