INFORMS Annual Meeting
Winter Simulation Conference
Nov. 18, 4 p.m.
Data Mining: Failure to Launch Webinar
Feb. 19-20, 2015
Data Analytics for Action & Impact:Transforming Data to Goal-Driven Insight for the Data-Rich yet Information-Poor
Special ArticlesReal estate analytics: three tips to improve corporate productivity
Major corporations across the globe are finding a surprising link to business productivity from the data generated in their real estate operations and portfolio. According to JLL experts, real estate data and analytics should be considered an essential element of how corporations make capital investment and occupancy decisions to improve their overall productivity.Read More
Industry NewsAnyLogic relocates to Chicago
AnyLogic North America, LLC, a simulation modeling software and services company, has moved its North American headquarters from Lisle, Ill., to Chicago. The new address is 20 N. Wacker Dr., Suite 2044, Chicago, IL 60606, inside the historic, newly renovated Civic Opera Building.Read More
Special ArticlesKaplan elected president of INFORMS
Yale School of Management Professor Edward H. Kaplan, whose pioneering work in public health and homeland security has received international recognition and numerous awards, was recently elected president of the Institute for Operations Research and the Management Sciences (INFORMS).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.