Fraud analysts work in organizations including insurance companies, banks, or realtors to detect and deter deceitful actions. They strive to resolve fraud cases including identity theft or unauthorized usage of credit or debit cards. Once they are alerted of potential fraud incidents, they ask questions, fill out paperwork, assist with refunds, and change account numbers. Fraud analysts also seek to discover the source of the fraud, and they notify proper authorities.
Fraud analysts examine data and fraudulent activity to brainstorm new techniques to help prevent future fraudulent activity from happening. Notably, fraud analysts are often called upon to assist with more traditional incidents and cases, including false identifications or fake claims. The increase in use and reliance upon technology has created new opportunities for fraudsters to pinpoint and target victims digitally, and fraud analysts assist in these incidents. Fraud analysts need a bachelor's degree in finance, computer science, or a related job field.
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