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Machine Learning a Great Tool to Fight Fraud, But It’s Not Foolproof

By   /  February 19, 2016  /  Data Daily | Data News, Data Education, Education Resources For Use & Management of Data, Smart Data News, Smart Data News, Articles, & Education  /  No Comments

security

by Angela Guess Michael Liberty recently wrote in TheNextWeb, “‘No battleplan ever survives contact with the enemy,’ is one of history’s most telling statements on military strategy. It’s also the philosophy that data scientists, fighting an increasingly sophisticated class of fraudsters, must live by. We’re in the midst of an escalating battle against online fraud. […]

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Detecting and Predicting Fraud with Machine Learning

By   /  April 20, 2015  /  Data Daily | Data News, Data Education, Smart Data News, Smart Data News, Articles, & Education  /  No Comments

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by Angela Guess Writing for InfoWorld, Eric Knorr recently noted, “When Amazon Web Services announced a new machine learning service for its cloud last week, it was a sort of mini-milestone. Now all four of the top clouds — Amazon, Microsoft, Google, and IBM — will offer developers the means to build machine learning into […]

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Stopping Wire Transfer Fraud with Big Data

By   /  May 22, 2014  /  Big Data News, Big Data News, Articles, & Education, Data Daily | Data News, Data Education  /  No Comments

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by Angela Guess Dean Takahashi of Venture Beat reports, “Big data is coming to the rescue in stopping fraud in wire transfers, according to Western Union’s chief information officer. David Thompson, the chief information officer and executive vice president of global operations and technology, said in a fireside chat at VentureBeat’s DataBeat 2014 conference that the company has to […]

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IBM Launches New Software and Services to Help Organizations Tackle $3.5 Trillion Lost Annually to Fraud

By   /  March 24, 2014  /  Big Data News, Big Data News, Articles, & Education, Data Daily | Data News, Data Education  /  No Comments

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by Angela Guess A new article out of the company reports, “IBM today introduced new software and services to help organizations use Big Data and Analytics to address the $3.5 trillion lost each year to fraud and financial crimes. Through sophisticated business expertise and analytics, organizations can take a holistic approach to address the financial losses caused by fraud while […]

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Machine Learning Part Of New Versium Solution To Quickly Find Fraudsters

By   /  February 19, 2014  /  Data Education, Smart Data News, Articles, & Education  /  No Comments

by Jennifer Zaino Machine learning is playing a role in fraud prevention: This week Versium launched its Predictive FraudScore solution to help companies weed out fraudsters from signing up for their services or conducting ecommerce transactions with them. All the organization needs is an email address. The solution is based on Versium’s LifeData predictive analytics […]

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Using MDM to Stop Improper Payments

By   /  August 14, 2013  /  Data Daily | Data News, Data Education, Enterprise Information Management, Information Management News  /  No Comments

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by Angela Guess Melissa Delaney of Fed Tech Magazine recently wrote, “First the good news: In the past three years, the federal government has avoided more than $47 billion in improper payments. Now the bad news: It still doled out $108 billion to debarred contractors, dead people, prisoners and others who didn’t qualify for the checks they […]

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Riskified Helps Stop E-Commerce Fraud with 'Semantic Risk Engine'

By   /  July 23, 2013  /  Data Education, Smart Data News, Articles, & Education  /  No Comments

Carmel Deamicis of Pando Daily reports, “Dr. Eyal Kishon, co-founder of Israeli based venture capital firm Genesis Partners, had a very personal reason for investing in Riskified, a startup that fights fraud for e-commerce sites.”

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Predicting Tropical Storms with Big Data

By   /  October 10, 2012  /  Big Data News, Articles, & Education, Data Daily | Data News, Data Education, Data Modeling News, Articles, & Education  /  No Comments

by Angela Guess Tom Groenfeldt of Forbes recently discussed how two companies are utilizing advanced data modeling and Big Data to analyze tropical storm data in real time. He writes, “Insurance and reinsurance firms will have new tools for predictive modeling of events like tropical storms in January when Wall Street Network (WSN) launches a cloud-based solution […]

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IBM Data Software Roots Out Medicaid Fraud

By   /  May 23, 2012  /  Big Data News, Articles, & Education, Data Daily | Data News, Data Education  /  No Comments

Healthcare Costs

by Angela Guess The North Carolina Department of Health and Human Services reports that IBM software “designed to root out potentially fraudulent Medicaid claims has uncovered 206 outpatient behavioral health providers across the state with unusual Medicaid billing worth up to $191 million. North Carolina is the first state in the nation to track possible […]

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The Semantic Link – Episode 9, August 2011

By   /  August 15, 2011  /  Conference and Webinar Communities, Data Conference Communities - Learn, Share, Review, Data Education, Enterprise Information Management, Smart Data Conference Community, Smart Data Conferences, Smart Data News, Articles, & Education  /  No Comments

On Friday, August 12, a group of Semantic thought leaders from around the globe met with their host and colleague, Paul Miller, for the ninth installment of the Semantic Link, a monthly podcast covering the world of Semantic Technologies. In this episode, they were joined by special guest Steve Harris, CTO of Garlik, a UK-based […]

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