Winter Simulation Conference
Feb. 19-20, 2015
Data Analytics for Action & Impact:Transforming Data to Goal-Driven Insight for the Data-Rich yet Information-Poor
Special ArticlesINFORMS announces six finalists for 2015 Edelman Award
INFORMS recently announced six finalists representing a diverse collection of applied analytics and advanced operations research work who will compete for the 2015 Franz Edelman Award in a series of judged presentations at the INFORMS Conference on Business Analytics & Operations Research in Huntington Beach, Calif., in April.Read More
Special ArticlesBusiness Analytics and O.R. Conference
The Institute for Operations Research and the Management Sciences (INFORMS) will return to Huntington Beach, Calif., for the 2015 INFORMS Conference on Business Analytics and Operations Research, which will be held April 12-14, 2015, at the Hyatt Regency Resort & Spa. The conference, with the breadth of its coverage and the depth and quality of its presentations, should be of great interest to practitioners of analytics and operations research, whether they work in the public sector or private industry. It will also appeal to academics who are training future analytics practitioners or have research interests that would benefit from exposure to cutting-edge work in industry and government.Read More
CAP NewsWagner Prize presentations available online
Video presentations of the six finalists of the 2014 Daniel H. Wagner Prize for Excellence in Operations Research Practice, won by Ford Motor Company, are now available for viewing.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.