The application of data mining techniques in financial fraud detection: A classification framework and an academic review of literature

@article{Ngai2011TheAO,
  title={The application of data mining techniques in financial fraud detection: A classification framework and an academic review of literature},
  author={E. Ngai and Yong Hu and Y. Wong and Yijun Chen and Xin Sun},
  journal={Decis. Support Syst.},
  year={2011},
  volume={50},
  pages={559-569}
}
This paper presents a review of - and classification scheme for - the literature on the application of data mining techniques for the detection of financial fraud. Although financial fraud detection (FFD) is an emerging topic of great importance, a comprehensive literature review of the subject has yet to be carried out. This paper thus represents the first systematic, identifiable and comprehensive academic literature review of the data mining techniques that have been applied to FFD. 49… Expand

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