Special ArticlesData scientists: salary survey shows pay, demand continue to rise
Elite data scientists, increasingly in demand from U.S. leading corporations, are riding high on the big data movement, with top-level managers seeing an 8 percent increase in base salary over last year and median bonuses topping $56,000. Data scientists can score 16 percent increases in their median base salary when changing jobs.Read More
Analytics Section of INFORMS NewsAnalytics Section salutes award winners
The Analytics Section of INFORMS hosted a recognition breakfast for those who won awards and competitions sponsored by the Section at the recent INFORMS Business Analytics & Operations Research Conference in Huntington Beach, Calif.Read More
CAP NewsApplications for the 2015 Wagner Prize due May 1
Applications for the 2015 Wagner Prize, including a two-page abstract, are due May 1. The prestigious practice prize rewards professionals who devise innovative analytical methods, utilize those methods in a verifiably successful O.R./analytics project, and describe their work in a clear, well-written paper. Any work presented in an INFORMS section or society practice-oriented competition is eligible as long as the work did not result in a published paper.Read More
FICO: Counterfeit card fraud falls in Europe
FICO, leading provider of analytics and decision management technology, released its analysis of data showing that major shifts have occurred in European card fraud patterns. Analysis done on 55 million active credit cards represented in the FICO Falcon Fraud Consortium for Europe showed that counterfeit fraud fell 60 percent between March 2009 and March 2011.
FICO’s data also shows that card-not-present fraud accounted for 69 percent of all accounts victimized by fraud and 72 percent of all fraud losses. The top 10 merchant categories accounted for 30 percent of the total fraud losses, led by hotels/lodging, travel agencies and ATMs.
“Our analysis of the data shines a spotlight on the tremendous change that has occurred in Europe's fraud landscape,” says Martin Warwick, FICO’s fraud chief in Europe, the Middle East and Africa. “Chip and PIN technology has radically driven down counterfeit and other forms of ‘card present’ fraud in the U.K., which just three years ago accounted for some 60 percent of Europe’s credit card fraud. In response, criminals are operating across borders, targeting countries such as Germany that have weaker detection and prevention capabilities, and shifting their attention to card-not-present schemes such as online fraud.”
FICO’s data comes from card issuers in Germany, the U.K., Ireland, the Netherlands, Poland, Switzerland and Turkey.