How Machine Learning Speeds Up Fraud Detection
In their work to unearth evidence of fraudulent activities, forensic accounting investigators dig through diverse data looking for anomalies that suggest something is just not right. But as the massive volumes of data collected by companies balloon, this task has become increasingly arduous, time-consuming and humanly impossible.
The regrettable consequence is the greater chance of a well-thought-out scam slipping through the cracks. A case in point is healthcare fraud, which has been estimated to cost the United States tens of billions of dollars annually. READ MORE ON: FORBES