All Day
Hotel Grand Continental, Kuala Lumpur
Loading Events
  • This event has passed.

Periodically, the latest major fraud hits the headlines as other organizations sit back and watch, telling themselves that ‘it couldn’t happen here.’ But the reality is that fraud can happen anywhere. While only relatively few major frauds are picked up by the media, huge sums are lost by all kinds of businesses as a result of the high number of smaller frauds that are committed. Despite the serious risk that fraud presents to business, many organizations still do not have formal systems and procedures in place to prevent, detect and respond to fraud. While no system is completely fool proof, there are steps which can be taken to deter fraud and make it much less attractive to commit. It is in assisting organizations in taking such steps that this guide should prove valuable.
Traditional modelling and tuning of rules-based systems while effective at detecting known and recurring patterns of fraud often return exceptionally high numbers of false positive alerts, mistakenly flag legitimate behaviors as suspicious, and more importantly, are exploited by fraudsters as they learn the rules and how to circumvent them. This work-shop summarizes a candid discussion with Dr Steven about what it takes to develop more customer centric fraud management factoring in anomaly detection, customer baseline scoring and customer prescribed risk appetites to help identify suspicious transactions and networks before the money leaves your premises.


August 16, 2017
August 17, 2017
03 40116068

Upcoming Events