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What is the true cost
of "False Positives?"
by Fran Clark
V.P. Business Development
Profitect, Inc.
A False Positive (FP) is when you investigate what you
think is a problem for the company, it turns out to be a
normal, valid transaction. FP does NOT mean that what
you found wasn't fraud. I believe that any time you
research what you believe to be a problem and it was a
pricing, training, process or compliance issue... its
isn't a false positive. A VP of Asset Protection for a
top 10 retail organization once told me that his FP's
were anywhere from 50%-90%. To me, that's a massive
investment in investigation time.
For responses to my question, I won't disclose names of
person, company or products referenced. I will publish
the results of my findings. Perhaps a good study would
be to find out how many FP's your department has for a
month or a quarter... just for you own information. Fran
can be emailed at
francispclark@profitect.com.
What are your thoughts? See your comments posted in the
Daily tomorrow. |