Fraud refers to the deliberate misrepresentation of information in order to deceive or mislead. Abuse refers to the improper use of resources or authority. Fraud and abuse can have serious consequences, including financial losses, reputational damage, and legal ramifications. These criminals use multiple avenues, such as cell phones, insurance claims, tax returns, credit card transactions, government procurements, identity theft, and more. Ultimately, fraud represents a significant risk to business and government operations, yet most organizations still use outdated, rule-based systems to detect it. Rule[1]based systems are useful for uncovering known patterns, but as fraud has evolved in unpredictable ways, so must the tools needed to detect it.
