Which of the following is a step in building a fraud detection system?
A) Scoring and Assessment.
B) Risk avoidance and deniability.
C) Computer science development.
D) Analysis of industry financial statements.

Question

Quizplus · Accepted Answer

Scoring and assessment involves assigning a numerical score to transactions or activities based on their potential for fraud. This is a crucial step in building a fraud detection system as it allows for efficient prioritization of high-risk transactions for further investigation. Risk avoidance and deniability, analysis of industry financial statements, and computer science development may be important components of an overall fraud prevention strategy but are not specific steps in building a fraud detection system.

Which of the Following Is a Step in Building a Fraud