How Can You Enhance Your Risk Models? Finding Better Signals to Feed ThemInternationally, fraud is at a record high. PwC’s Global Crime and Fraud Survey 2020 found that nearly half of all businesses had experienced fraud in the past two years, with an accumulated cost of $42 billion. 3 Introduction Every few years, whether global, local, or industry-specific, a major event comes along and threatens to throw your risk models into disarray. Businesses are taken by surprise. Customers and investors get spooked. CROs and fraud officers scramble to reassess and reevaluate their risk models and projections in line with market volatility, fast-changing political contexts, and hard-to-predict outcomes. Given that economic downturns tend to lay the groundwork for a sharp rise in fraud

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