2015 INFORMS Conference on Business Analytics and Operations Research
Huntington Beach, Calif.
CORS - INFORMS Joint International Meeting
Le Centre Sheraton, Montreal
INFORMS Healthcare 2015
2015 Analytics Applications Summit
Harrisburg University of Science and Technology, Harrisburg, Pa. (Free event)
Special ArticlesNew NSF program to fund service, manufacturing, operations-related research
The National Science Foundation (NSF) Directorate for Engineering recently announced a new program to more effectively and efficiently fund research on service and manufacturing enterprises, and foundational operations research topics, called the Service, Manufacturing and Operations Research (SMOR) program.Read More
Analytics Section of INFORMS NewsConference Updates
Healthcare Conference: Section Past President Don Kleinmuntz and Treasurer Tarun Mohan Lal are organizing an analytics cluster of sessions/presentations at the upcoming INFORMS Healthcare Conference in Nashville, Tenn., July 29-31. The cluster will have speakers from several healthcare provider organizations and vendor groups.Read More
Analytics Section of INFORMS NewsSave the Date for CAP Information Session
A Certified Analytics Professional (CAP) event will be held April 13 during the 2015 INFORMS Conference on Business Analytics & Operations Research in Huntington Beach, Calif. Section members, along with other conference attendees, are encouraged to attend this informative session to better understand the value a certification can bring to a career.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.