Fraud Analytics: Strategies and Methods for Detection and Prevention

Fraud Analytics thoroughly reveals the elements of analysis that are used in today's fraud examinations, fraud investigations, and financial crime investigations. This valuable resource reviews the types of analysis that should be considered prior to beginning an investigation and explains how to optimally use data mining techniques to detect fraud. Packed with examples and sample cases illustrating pertinent concepts in practice, this book also explores the two major data analytics providers: ACL and IDEA.

• Looks at elements of analysis used in today's fraud examinations
• Reveals how to use data mining (fraud analytic) techniques to detect fraud
• Examines ACL and IDEA as indispensable tools for fraud detection
• Includes an abundance of sample cases and examples

Written by Delena D Spann, Board of Regent (Emeritus) for the Association of Certified Fraud Examiners (ACFE), who currently serves as Advisory Board Member of the Association of Certified Fraud Examiners, Board Member of the Education Task Force of the Association of Certified Anti-Money Laundering Specialists ASIS International (Economic Crime Council) and Advisory Board Member of the Robert Morris University (School of Business), Fraud Analytics equips you with authoritative fraud analysis techniques you can put to use right away.

About the Author

Delena D. Spann is employed by the United States Secret Service, where she is assigned to the Electronic and Financial Crimes Task Force. An experienced leader and educator in constructing and collating complicated events within financial crimes investigations, she is responsible for conducting independent financial analysis and research in financial crimes investigations.

Delena serves as an expert in the field of fraud examination and fraud analysis. She has been featured in the Association of Certified Fraud Examiners' Fraud Magazine, Today's Chicago Woman, and the Secret Service Magazine.

Delena is dedicated to the study of fraud analysis and white-collar crime. She is a sought-after speaker, lecturer, and presenter on the topic of fraud analytics and has served on several panels of higher education and professional organizations, where she has spoken on the topics of fraud analytics in the twenty-first century and fraud trends. She has coauthored several articles on fraud analytics and is often called on by her peers for guidance and assistance on financial crimes investigations.

Delena holds a bachelor's degree in liberal studies from Barry University, a master of science degree in criminal justice administration from Florida International University, and a paralegal studies diploma from Barry University. She has also taken specialized courses from John Hopkins University.

Delena is currently and has previously served as faculty member and adjunct faculty member at these institutions of higher learning: Robert Morris University (School of Business), American Military University (School of Intelligence Studies and Global Security), Loyola University (Special Lecture Series on Fraud Analytics), Utica College (School of Economic Crime Management Graduate Program and the Economic Crime Investigation Undergraduate Program), and Northwestern University (Fraud Examination Program).

Delena currently serves and has served in these capacities: Executive Director for the Association of Certified Fraud Examiners (ACFE), Greater Chicago Chapter; Board of Directors for ASIS Economic Crime Council; Association of Certified Anti-Money Laundering Specialists (Education Task Force); Robert Morris University (Advisory Board); Board of Directors for Step Up Women's Network (Greater Chicago Chapter); and the Association of Certified Fraud Examiners (Higher Education and Professional Development committees).

She is a Board of Regents Emeritus for the ACFE, the highest honor for a Certified Fraud Examiner.