May 19
2023
Fraud Detection: A Comprehensive Overview of Strategies and Methods
Fraud is an unlawful crime in which an actor intentionally deceives a victim in order to gain something of monetary value. It is a deliberate act of deceit, misrepresentation, or manipulation that can cause significant harm to individuals and businesses. The amount of money lost to fraud each year is staggering with over $8.8 billion in the United States alone in 2022.