Webinar: How to improve Fraud Detection using Social Network Analytics - Register Now

Marlon Mai April 24, 2015 2 mins read

Professor Bart Baesens will host Morgan McKinley's next success series webinar "How to improve Fraud Detection using Social Network Analytics" on Wednesday 20th May 2015 at 5PM China time.

Data science techniques are focused on finding frequently occurring patterns in historical data. These techniques are useful in many domains, but for fraud detection it is exactly the opposite. Rather than being a pattern repeatedly popping up in a data set, fraud is an uncommon, well-considered, imperceptibly concealed, time-evolving and often carefully organized crime which appears in many types and forms.

As traditional analytical techniques often fail to identify fraudulent behavior, social network analytics offers new insights in the propagation of fraud through a network. Indeed, fraud is usually not something an individual would commit by himself, but is often organized by groups of people loosely connected to each other. The use of networked data in fraud detection becomes increasingly important to uncover fraudulent patterns and to detect in real-time when certain processes show some characteristics of irregular activities.

Although many analyses typically focus in the first place on fraud detection, the emphasis should shift towards fraud prevention, i.e. detecting fraud before it is even committed. As fraud is a time-evolving phenomenon, social network algorithms succeed to keep ahead of new types of fraud and to adapt to changing environments and surrounding effects.

In this session, you will learn how to:

  • use social networks for fraud detection
  • build a social network fraud classifier
  • evaluate a social network fraud classifier

This webinar will take place on Wednesday 20th May 2015, at 5PM China time.

register

 

Bart Baesens is a professor at KU Leuven (Belgium), and a lecturer at the University of Southampton (United Kingdom). He has done extensive research on analytics, customer relationship management, web analytics, fraud detection, and credit risk management. His findings have been published in well-known international journals (e.g. Machine Learning, Management Science, IEEE Transactions on Neural Networks, IEEE Transactions on Knowledge and Data Engineering, IEEE Transactions on Evolutionary Computation, Journal of Machine Learning Research, …) and presented at international top conferences. Connect with Bart Baesens on Linkedin and Twitter

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Marlon Mai's picture
Managing Director | Finance & Accounting, IT, Sales & Marketing Recruitment
mmai@morganmckinley.com