![]() "To stay ahead of not only the increased volume of fraud instances, but also emerging trends, it's critical for organizations to be flexible and proactive in adopting new anti-fraud tools and processes. ![]() "Navigating the pandemic-forged business landscape, we've seen increased reports of fraud – a trend we don't expect to slow any time soon," said Bruce Dorris, J.D., CFE, CPA, President and CEO of the ACFE. Advanced analytics topped the investment list, particularly artificial intelligence (AI) and machine learning (cited by 26% of respondents) followed by predictive analytics/modeling (22%).The majority (60%) expect their anti-fraud tech budgets to grow over the next two years.More than 40% of respondents reported accelerating their use of data analytics significantly (14%) or slightly (29%) amid the pandemic.New research by the ACFE and SAS reveals how fraud fighters worldwide are using technology to fight fraud. ![]() Through the pandemic, analytics has emerged an indispensable anti-fraud tool.
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