Ning Ping Wang

Detecting fraud without historical data

• March 1, 2025

Datasets of documented fraud cases can be instrumental in detecting anomalies and patterns in all sorts of transactions, but many times those datasets aren’t available. With fraudsters perpetrating increasingly sophisticated schemes, fraud fighters need an edge on the criminals with advanced techniques. Here, the author describes how to use machine-learning models and other advanced techniques to detect fraud when you don’t have historical data to learn from.

Written By: Penny Li, CFE, CPA, Ning Ping Wang

• • Computers and Technology
  • Fraud Investigation and Examination