Crime / Law

Big data will stop public-sector fraud: SAS

06th Dec `13, 05:12 AM in Crime / Law

With the UK public sector losing £20.6 billion a year to fraud – equivalent to more than a…

BDMS
Guest Contributor
 

With the UK public sector losing £20.6 billion a year to fraud – equivalent to more than a third of total spending by the Department for Education – business analytics firm SAS has called on the sector to enforce its zero tolerance approach to the problem by harnessing the power of big data.

Big data analytics have been highly effective in preventing losses through fraud, including detection of organised crime, SAS said.

The company has worked with the Belgium government in combatting the theft of value added tax (VAT) by networks of conspirators – something commonly known as carousel fraud.

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