5 common types of back office occupational fraud, and how AI can stop them

Yet for many companies they remain vitally important as the epicenter of occupational fraud detection. So what are the most common tactics of employees looking to defraud companies on their expense reports, and how is the burgeoning field of artificial intelligence already helping stop them? For most of us, when we purchase, say, pillowcases at Walmart, we rightly expect to see the word "Walmart" spelled out clearly on our bank statements. To monitor these transgressions for employers, today's AI systems can automatically cross-check each expense report receipt with data from review sites like Yelp and TripAdvisor. For example, one machine learning program detected employee meals reimbursed at "K-Kel, Inc," which, it turns out, was actually a receipt for the Spearmint Rhino strip club in Las Vegas.