Approximately 72 years ago the term “information explosion” was coined. Between then and now the amount of data which has become available has increased exponentially. We find ourselves inundated with data, and in order to transform this data into information and knowledge we need to apply analytical intelligence.
As the world expands with more and more data being made available, with it grows the opportunity to abuse this vast pool of data to commit fraud and manipulate the data for personal or financial gain.
In today’s highly data drenched environment the application of data analytics specific to fraud detection and prevention has become crucial across all sectors. Forensic Data Analytics is now a driving force in identifying fraudulent trends within vast amounts of data.
Download the article . . . . The importance of data analytics in fraud detection and prevention
If you have any questions or require a more detailed discussion, contact Bruce Thornton (Associate Director, Risk Advisory, Forensic at Deloitte & Touche) at firstname.lastname@example.org