Managing fraud is important for business, retail and financial alike. One method to manage fraud is by detection, where transactions, etc. are monitored and suspicious behaviour is flagged for further investigation. There is currently a lack of public research in this area. The main reason is the sensitive nature of the data. Publishing real financial transaction data would seriously compromise...

Researchers and practitioners have made many attempts to identify fraud indicators and to build fraud prediction procedures. Fraud is a beg subject and causes tremendous loss to the business world and creates morale problems in the workplace. It represents a critical issue for the accounting profession, in devolved and non-developed countries. Numerous surveys in the 1980s have served to underl...

P2P lending directly connects borrowers and lenders without a financial institution as the intermediary. This new form of crowdfunding brings lenders more investment opportunities, but also poses unprecedented risks of default and fraud. This research-in-progress paper focuses on a specific type of fraud, loan request fraud, which may be unique to lenders on Chinese P2P lending sites due to the...

This research paper aims to evaluate the performance and accuracy of classification models based on decision trees(C5.0 & CART), Support Vector Machine(SVM) and Logistic Regression with a dataset. Three methods to detect fraud are presented. Automatic credit approval is the most significant process in the banking sector and financial institutions. It prevents the fraud which is going to happen....

Credit card fraud costs consumers and the financial industry billions of dollars annually. However, there is a dearth of published literature on credit card fraud detection. In this study we employed transaction aggregation strategy to detect credit card fraud. We aggregated transactions to capture consumer buying behavior prior to each transaction and used these aggregations for model estimati...

This study aims to obtain an empirical evidence about detection of the financial statement fraud accordance with diamond theory perspective that developed by Wolfe and Hermanson (2004). Proxy independent variable is four risk factor pressure proxied leverage ratio, while opportunity was asset composition rationalization audit quality, capability percentage director accounting finance education ...

We show that, after the revelation of financial fraud in a major pension fund manager, two-thirds affected investors fail to divest. Inert are on average younger, lower SES and more influenced by default options. The majority those who divest move their money only state-run option menu. also induces small movement from non-fraudulent private investment funds state alternative. further that most...

-------------------------------------------------------------------ABSTRACT---------------------------------------------------------------------Financial losses due to financial statement frauds (FSF) are increasing day by day in the world. The industry recognizes the problem and is just now starting to act. Although prevention is the best way to reduce frauds, fraudsters are adaptive and will ...