Given that we’re now in a digital economy in which millions of transactions are completed electronically every hour, one might expect enterprises to aggressively leverage technology to combat fraud.
“The key anti-fraud technology is data analytics, a tool that can sift through millions of transactions, looking for suspicious items. An increasing number of organizations are introducing data analytic solutions to search for unusual transactions amid millions of day-to-day sales and purchases.”
- Tip-offs and complaints
- Management review
- Suspicious superiors
- Internal audit