Fraud Detection and Management(2) ◆ Examples auto insurance: detect a group of people who stage accidents to collect on insurance money laundering: detect suspicious money transactions(US Treasury's Financial Crimes Enforcement Network) medical insurance: detect professional patients and ring of doctors and ring of references 2121 Fraud Detection and Management (2) Examples ◼ auto insurance: detect a group of people who stage accidents to collect on insurance ◼ money laundering: detect suspicious money transactions (US Treasury's Financial Crimes Enforcement Network) ◼ medical insurance: detect professional patients and ring of doctors and ring of references