Reviewed Study On Financial Cyber Crimes And Frauds

Abstract

Detection of Financial Fraud is one of the key application zones of Data Mining, since data mining strategies are fit for finding the purposes for fraudulent financial announcing. Traditional auditing systems are accessible however examiners should give data, regardless of whether the financial articulation is as indicated by GAAP (Generally Accepted Accounting Principles) or not. They can't give supreme affirmation that every material error is detected and distinguished. Thusly extensive number of data mining techniques have been proposed and actualized by specialists' group to give more successful strategies for preventing and detecting financial articulation fraud.