Fraud identification/detection

[Michael]

Hi,

Who knows any successful practical DM applications in fraud detection/identification in banking, insurance, tax administration? There is quite a lot of theory around, but I am looking for real implementations.

Many thanks.

[Peter]

We have applied fraud detection in areas such as mortgage application and social benefits. Often a pure model based approach is not enough, rather an approach is needed that combines models and business rules (decision management).

Peter van der Putten

[Guest]

You can find useful info on fraud at the Assoc. of Certified Fraud Examiners:

http://www.acfe.com/home.asp