A getting started guide to detect and prevent fraud
The US Government Accountability Office estimates that improper payments in government programs totaled $175 billion in 2019. Much of this fraud and waste occurs within unemployment insurance, Medicare and Medicaid, and social security programs. Fraud is also common in purchasing cards (P-Cards) and travel and entertainment (T&E) expenses.
But data analytics technology, specifically built for fraud detection, is proven to reduce instances of fraud, waste, and abuse.
In this eBook, you’ll learn how data analysis can solve the fraud problem and we’ll:
- Investigate the key features you need in a data analytics tool.
- Present five other technology solutions for combating fraud, waste, and abuse, including risk and controls and whistle-blower hotlines.
- Detail how data analytics can identify fraud in P-Cards, T&E, and government programs.
- Outline the necessary steps to create an effective fraud monitoring program.