Technology that predicts your next security fail
In 2013, the IRS paid out $5.8 billion in refunds for tax filings it later realized were fraudulent, according to a 2015 report by the Government Accountability Office. This news comes as no surprise to the Kentucky Department of Revenue, which is stepping up its own war against rising fraud cases with predictive analytics.
Predictive analytics uses publicly available and privately sourced data to try to determine future actions. By analyzing what has already happened, organizations can detect what is likely to happen before anything affects the security of the organization's physical infrastructure, human capital or intellectual property.
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