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DATA DETECTIVES

How to Detect Fraud Using Data Analysis (Infographic)

Each year, more companies fall prey to fraud and cybercrime. Here are some techniques businesses can use to protect against the bad guys.
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U.S. fraud cases cost businesses billions of dollars every year, particularly in sectors such as healthcare and insurance. 

While data theft accounts for the bulk of these costs, business disruption and loss of productivity related to fraud also have a significant impact on the bottom line, representing 36 percent of total losses due to fraud, according to data cited by Stetson University.

The infographic below explains some of the most effective data analysis techniques used to detect fraud.


IMAGES: Stetson University
Last updated: Jul 29, 2014

GRAHAM WINFREY

Graham Winfrey is a staff writer for Inc.com. He previously covered alternative investments at Private Equity International magazine, prior to which he worked at Business Insider and MSNBC.com. He lives in Brooklyn, New York.




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