Data Analysis Techniques for Fraud Detection such as the process mining software like Celonis or ProM are invaluable tools that can help an analyst find out unusual trends. However, the use of social network diagrams and other tools that look into an employee’s friends and connection is getting close to crossing the line between their personal and professional life. It seems like if an employee or group of employees are being suspected of financial fraud, the first step would be to see if the suspects had left any trails within the financial system that can be used against them. However, sometimes this step could prove to be difficult if the suspect is being careful about their motives. Then alternative methods would need to be done like for example social network diagramming. The problem still lies on whether looking into a person’s social circle would be enough proof to incriminate them or even give enough reason to conduct a deeper investigation. There could be cases where false positives can appear and that would lead the company down a path that would leave them open to a counter suit.
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