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AI, Predictive Analytics and more: Tech Trends Transforming the Detection of Fraud

by CivicMeter Staff | Jan 31, 2018 | Government IT

As sure as nemesis follows hubris, the greater interconnectedness of the world created by technology has left institutions vulnerable to fraud. But the good guys are using the same advances — algorithms, software, data — to combat fraud in innovative new...

VA, CMS Announce Sharing of Data Analytics Tools for Fraud Prevention

by CivicMeter Staff | Jan 31, 2018 | Government IT

Looking to cut waste and decrease the incidence of fraud, the Center for Medicare and Medicaid Services (CMS) and the Department of Veterans Affairs (VA) will now cooperate in the dissemination of best practices and the sharing of data analytics tools to improve their...

Market for Analytical Solutions to Fraud Will Balloon to $40 Million by 2023: Report

by CivicMeter Staff | Jan 31, 2018 | Government IT

Over the next five years, the global fraud detection and prevention market is expected to grow at a nearly 20% clip to hit a market size of over $42 billion. Reuters reports: Fraud detection and prevention (FDP) solutions have thus become more important in the current...

Accounting Firm Goes After Mel Gibson’s Ex-Girlfriend for Unpaid Forensic Accounting Bill

by CivicMeter Staff | Jan 31, 2018 | Government IT

The California accounting firm White, Zuckerman, Warsavsky, Luna & Hunt has asked the court to allow them to sue actor and director Mel Gibson’s ex-wife, Oksana Grigorieva, for $108,887.24 in unpaid fees. Grigorieva had hired the firm after her 2015 bankruptcy...

Data Mining and Anomaly Detection: Forensic Accountants Use Data Mining Techniques to Nail Fraudster at Hospital System

by CivicMeter Staff | Jan 31, 2018 | Government IT

Data-mining techniques helped uncover a ten-year $1 million scam perpetrated by the top officials of the Sugardale Medical Center according to a special issue of the Journal of Forensic and Investigative Accounting (JFIA). Brent Carter and his forensic accounting team...
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