SAS has introduced the SAS Fraud Framework, which includes components that support detection and alert generation, alert management, and case management and includes the new SAS Social Network Analysis solution.
Industry-specific business rules, models, and other capabilities will help insurers prevent and detect various types of fraudulent activities and manage efforts against them.
To provide a comprehensive view of fraud risk, the SAS Fraud Framework offers detection and alert along with case management to help reduce fraud loss and prosecute fraudsters. The framework technologies help prevent, detect, and investigate fraud including business rules, anomaly detection, predictive models, and social network analysis.
Designed to help detect and prevent both line-of-business fraud and cross-channel enterprise fraud, organizations can use the framework to help increase fraud detection rates, reduce false positives, and streamline investigative resources. At the core of the framework is a profiling engine that scores individuals, accounts, products, and networks based on rules, fraud scores, and links to known fraudsters. An enterprise view of fraud exposure and risk is provided by consolidating alerts from multiple systems.
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