Data analytics, the essential and underutilized tool in detecting, assessing, and preventing fraud
The unrelenting advancement of technology is affecting virtually every aspect of our lives. And as technology becomes more pervasive, so do schemes to commit fraud. Fraudsters are taking advantage of users’ inexperience with newer technology and weaknesses in the controls to perpetuate these schemes. This is proving to be a challenge for evaluators, auditors and investigators in their efforts to identify and detect fraud. However, technology is also a tool…