INFORMATION & KNOWLEDGE
There is so much information and knowledge in the market. The essence of the process is to be able to use this at the time that it is really required.
In the areas of information and knowledge it is essential to define unambiguous fraud indicators with coupled to this a procedure to maintain these indicators up to date. The indicators can be applied by the employee or by means of a detection module. Naturally, the information that is required for automated detection must be available. Our advice is not to try to reinvent the wheel but to make use of knowledge that is already present in the market. Through the large number of projects that Friss has carried out a very wide-ranging set of indicators has been developed that have been made operational up to the level of measurements. Our extensive practical experience has shown us that it is better not to implement this complete set immediately but first of all to decide which indicators are important for the own organisation and especially what data is easily accessible. From there the set of indicators can steadily be extended further, based in part on the experience gained so far. It is our experience that this way allows an organisation to be up and running very quickly. As well as this market information we recommend investigating the weaknesses in the own organisation on a regular basis. Our tip: put a number of experts together and ask them to think like a fraudster. How would they go about it? Then define measures that lead to prevention and detection in the situations named. As an extension to this it is also of importance to continually update the fraud indicators (fine tuning) on the basis of these insights, the results of fraud detection and what is happening in the market. Exchanging information between fraud coordinators is important in this respect. Friss provides a very extensive and up to date set of fraud indicators with the module for automated detection of fraud. These fraud indicators are developed up to and including concrete measurements / check of the necessary details and set in the software. You can easily extend these with own indicators or adapt existing indicators and measurements. We aim for an implementation with this out-of-the-box approach that delivers financial results quickly. Further, Friss Fraud Solutions supplies a user platform in which Friss clients (if desired) can share knowledge and Friss users can obtain maximum profit from the steadily increasing knowledge in the market in this field.