Tag: fraud

Introducing Afraus: an Unsupervised Fraud Detection Algorithm

Introducing Afraus: an Unsupervised Fraud Detection Algorithm
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.

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