Data Mining Techniques for Fraud Analytics

Introduction

In an increasingly data-saturated world, organisations are grappling with growing volumes of transactions, interactions, and digital activity — all of which can mask sophisticated fraudulent behaviour. To uncover hidden risks and patterns, fraud professionals need more than just traditional detection tools — they need the ability to extract meaningful insights from complex datasets.This GLOMACS training course, *Data Mining Techniques for Fraud Analytics*, bridges the gap between raw data and actionable fraud intelligence. It introduces participants to core data mining techniques that can help detect unusual patterns, relationships, and trends that often signal fraudulent activity. Whether you’re looking to enhance your fraud investigation process or build a proactive detection framework, this course offers practical knowledge grounded in real-world applications.

Objectives

By the end of this Data Mining Techniques for Fraud Analytics training course, participants will be able to:

• Understand the key concepts and methodologies of data mining
• Identify types of fraud that can be detected using data mining techniques
• Apply classification, clustering, and association techniques to detect anomalies and fraud patterns
• Evaluate the effectiveness of different data mining models in various fraud scenarios
• Understand data preparation, feature selection, and model evaluation within fraud analytics

Training Methodology

This training course employs a practical, instructor-led delivery style with a focus on structured learning modules. It incorporates visual demonstrations, step-by-step explanations, and walkthroughs of data mining workflows tailored to fraud detection. The content is accessible to both technical and non-technical participants, ensuring foundational concepts are clearly communicated without requiring coding or software development expertise.

Organisational Impact

Organisations that engage with this Data Mining Techniques for Fraud Analytics training course will benefit through:

• Improved ability to detect fraudulent behaviour using data-driven approaches
• Strengthened fraud prevention frameworks through data analysis
• Enhanced return on investment in fraud detection technology and tools
• Reduced operational and reputational risks associated with undetected fraud
• Greater integration of analytics into fraud management strategies

Personal Impact

Participants will gain:

• A solid understanding of data mining concepts and their relevance to fraud analytics
• Practical knowledge of key data mining models used in fraud detection
• Enhanced analytical and problem-solving capabilities
• Confidence in interpreting analytical results to support investigations
• Improved ability to engage with data science teams and contribute to anti-fraud initiatives