5 types of fraud and how analytics can help

Revenue loss certainly grabs attention from business leaders across industries – but fraud affects all of us. It can take aim at a deeply personal level, such as with identity theft. It also spirals up to the level of massive fraud schemes stemming from organized crime rings. Let's look at five types of fraud to learn how they work and how analytics helps us fight back. Synthetic identity fraud happens when a criminal combines real and fabricated credentials to create a new, implied identity that's not associated with a real person.