Boxer Incorporated has hired you as a consultant to implement a data-driven fraud detection program in the

Question:

Boxer Incorporated has hired you as a consultant to implement a data-driven fraud detection program in the company. One of the owners, Priscilla Boxer, asks you to give a presentation to several executives on the data-driven approach.
1. What are the primary advantages and disadvantages of this approach?
2. How does this approach compare to the traditional, reactive approach to detecting fraud?