Fraud Prevention and Detection

FRAUD PREVENTION AND DETECTION

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• Generating a holistic view of fraud, disclosing, for example, that a

formerly trusted insider may have been involved in a number of

fraudulent activities across a number of business units

For example, a manufacturer may want to scan the transactions in its

supply chain, as well as its own supply chain employees, for Red Flags.

Such a scan may nd indications that a vendor and an employee share the

same address or that a vendor is operating out of a virtual ofce.

As a side benet, such software can also be used to detect Red Flags

that customers are becoming less credit worthy and thus their accounts

need closer monitoring.

Phase 2—Scrutinizing for Red Flags

The scrutinizing phase involves a preliminary rev