2015

Introducing Afraus: an Unsupervised Fraud Detection Algorithm 2015/07/02

The last Report to the Nation published by ACFE, stated that on average, fraud accounts for nearly the 5% of companies revenues.

on average, fraud accounts for nearly the 5% of companies revenues

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ACFE Infographic: typical organization loses 5% of their revenues for fraud

Projecting this number for the whole world GDP, it results that the “fraud-country” produces something like a GDP 3 times greater than the Canadian GDP.

tags: algorithm /analytics /apps /computer science /data /data analysis /data analytics /fraud /fraud analytics /internal audit /R /shiny /shiny apps /