Global Fraud Analytics Market 2015-2019 37888 : Fraud can be defined as an illegal activity that is intentional
and uses misrepresentation to produce a financial gain to an individual
or an organization. Fraud is on the rise and has become a boardroom
issue these days. Fraud happens in different parts of the world, and
fraudsters use very sophisticated and technology-enabled techniques.
Fraud can be of various types, such as fraudulent transactions (both
online and offline), inaccurate credit applications, identity thefts,
and false insurance claims. Some of the major victims of fraud are
credit card companies, insurance companies, retail merchants, telecom
service providers, and business-to-business suppliers. Fraud analytics
helps in analyzing various forms of stored data and gathered information
and in converting them to actionable insights, thereby to detect fraud
and take necessary actions required.
The analysts forecast global fraud analytics market to grow at a CAGR of 24.04% over the period 2014-2019.
