Fraud rings are big business.

First-party bank fraud costs banks (and their customers) over $16 billion each year in the United States, and insurance fraud costs nearly $80 billion annually. And fraud rings organized around ecommerce fraud rack up nearly $4 billion in fraudulent charges each year in the U.S.

As a result of these staggering figures, it’s clear that fraud detection is a high stakes game.

Traditional fraud analytics look at discrete, isolated incidents but typically overlook fraud ring activity that appears normal on the surface.

So how can fraud detection experts catch today’s highly sophisticated and organized fraud rings? With the power of graph databases like Neo4j.

Check out this infographic below to discover how graph databases help enterprises and governments detect – and prevent – fraud ring behaviors in real time.

Learn How to Stop Fraud Rings in Real Time with the Power of Graph Database Technology


Like this infographic? Share it with your network on Twitter, LinkedIn or Facebook.


Learn how to harness the power of graph databases for real-time fraud detection with this white paper, Fraud Detection: Discovering Connections with Graph Databases.

Download the White Paper

 

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About the Author

Bryce Merkl Sasaki, Aspiring Graphista

Bryce Merkl Sasaki Image

Bryce Merkl Sasaki is the Community Content Manager for Neo Technology. He studied professional and creative writing for undergrad and has been freelancing for 7 years. Recently, he worked at an inbound marketing agency in Philadelphia as a copywriter before moving to California. When not working, he likes to spend his time working on his novel, looking for pickup soccer games and reading voraciously.


1 Comment

Nicholas Callias says:

Very interesting, thank you. While the link you display to the related article http://www.bbc.com/news/uk-wales-south-east-wales-35122026 is accurate, clicking it on your page brings up a graphic on not the BBC page.

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