Fraud, waste, and abuse

Bad acts regularly committed in industries such as finance, insurance, and healthcare. Fraud is a dishonest and deliberate action undertaken to take money or goods to which the fraudster is not entitled. (Example: Submitting invoices for services never performed.) Abuse is an improper use of resources that does not meet the level of fraud. (Example: An employee using the office printer to produce 200 invitations to his family reunion.) Waste is mismanagement or thoughtless use of money or other resources. (Example: Buying 1,000 reams of paper each week from a long-term supplier who charges $13 per ream, when the same quality of paper is available elsewhere for $9 per ream.) These acts can be more easily detected and mitigated through the use of artificial intelligence.