Fraud Analytics Standard Requirements
7 Sample Requirements:
Have we provided written notification to our lower-tier sub recipients regarding their responsibilities to be alert for instances of fraud, abuse, and criminal activity committed by staff, contractors, or program participants and to report all such instances immediately?
Do we measure Accuracy? One data protection risk lies in the detection rates, specifically the false positive and false negatives, i.e. how many people are mistakenly identified as fraudulent or how many fraudulent claims are not identified?
Do we have an anonymous and confidential Whistleblower policy for communicating and receiving information regarding fraud, errors in financial reporting and misrepresentation or false statements made by management?
Do you have a comprehensive data-sharing program in which others share information about patterns, and use that information to operationalize strategies and close gaps in responses and services?
Do we have mature business intelligence environments that can integrate fraud analytics within our current environment to take advantage of processes and architecture that are already in place?
Is information involved in electronic commerce passing over public network protected against fraudulent activity, contract dispute and unauthorised disclosure or modification of information?
Does our fraud analytics rely on customised methodologies to suit a particular investigative need and is it based upon a large analytics library of possible fraud indicators?
Why Own The Fraud Analytics Self-Assessment?
The Fraud Analytics Self-Assessment will make you a Fraud Analytics domain expert by:
Reducing the effort in the Fraud Analytics work to be done to get problems solved
- Ensuring that plans of action include every Fraud Analytics task and that every Fraud Analytics outcome is in place
- Saving time investigating strategic and tactical options and ensuring Fraud Analytics opportunity costs are low
- Delivering tailored Fraud Analytics advise instantly with structured going-forward plans
All the tools you need to an in-depth Fraud Analytics Self-Assessment. Featuring 822 new and updated case-based criteria, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Fraud Analytics improvements can be made.
What Is In The Fraud Analytics Self-Assessment?
The Fraud Analytics Complete Self-Assessment Excel Dashboard
- Ensures you don't miss anything: 822 criteria in 7 RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain) steps with easy and quick navigating and answering for 1 or up to 10 participants
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough Fraud Analytics Self-Assessment
- Is secure: Ensures offline data protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next
The Fraud Analytics Complete Self Assessment eBook version of the book in print
- Provides a convenient way to distribute and share among the participants to prepare and discuss the Self-Assessment
In using the Self-Assessment you will be better able to:
Diagnose Fraud Analytics projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in Fraud Analytics and process design strategies into practice according to best practice guidelines
Assess And Define Fraud Analytics With This Fraud Analytics Self Assessment. Sample Questions From The Complete, 822 Criteria, Self-Assessment:
- Recognize Criterion: Think about the people you identified for your Fraud Analytics project and the project responsibilities you would assign to them. what kind of training do you think they would need to perform these responsibilities effectively?
- Define Criterion: Does Fraud Analytics include applications and information with regulatory compliance significance (or other contractual conditions that must be formally complied with) in a new or unique manner for which no approved security requirements, templates or design models exist?
- Measure Criterion: Do we use advanced cross-channel fraud analytics to find fraud accurately while dramatically reducing false positives?
- Analyze Criterion: What are your current levels and trends in key Fraud Analytics measures or indicators of product and process performance that are important to and directly serve your customers?
- Improve Criterion: Is Supporting Fraud Analytics documentation required?
- Control Criterion: Do you monitor the effectiveness of your Fraud Analytics activities?
- Sustain Criterion: What is our formula for success in Fraud Analytics ?
Cost/Benefit Analysis; Fraud Analytics Self-Assessment Justification And Approval Tools:
Purchasing a The Art of Service Self Assessment will spur new ideas, fast track project strategy and advance your professional skills. We’ve developed a set of criteria that will aid in gaining approval and give you the ability to validate and review your Self-Assessment investment:
- Excluding hired consultants and advisors from top management consulting firms, internal Fraud Analytics Self-Assessment work is typically undertaken by senior level positions with titles such as Enterprise Architect, Business Process Architects, Business Process Re-engineering Specialists and Business Architects.
Statistics according to Glassdoor and Indeed tell these positions receive an average basic pay of $125,000. Daily rates of basic pay are computed by dividing an employee's annual pay by 260 days. The daily salary is then derived by dividing the annual salary of $125,000 by 260 days = a daily rate of $480.
- Top management consulting firms start at $2,000 a day, with rates typically charged up to 40 hours per week.
For a fraction of this the Self-Assessment will make you a Fraud Analytics domain authority.
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role… In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
For more than twenty years, The Art of Service's Self-Assessments empower people who can do just that - whether their title is marketer, entrepreneur, manager, salesperson, consultant, business process manager, executive assistant, IT Manager, CxO etc... - they are the people who rule the future. They are people who watch the process as it happens, and ask the right questions to make the process work better.
Get The Fraud Analytics Self Assessment That Will Make You A Fraud Analytics Domain Expert Now.