Answer the simulation questions 2-2 and 2-4

Simulation Question 2-4 This simulation question is based upon a true set of facts. The information contained in the simulation question was obtained from publicly available sources. What Is Artificial Neural Network (ANN) in Fraud Detection? Increasingly, credit card companies are using Artificial Neural Network (ANN) in detecting credit card fraud. For example, credit card company, VISA, posted its VIAS Security Program as follows: Visa's e-commerce fraud detection system is the first of its kind to use current worldwide fraud trends and global payment- card usage patterns to provide a comprehensive assessment of transaction risk. At its heart is a data network that stores thousands of examples of valid purchase transactions and constantly updates cardholder data so future purchases can be evaluated against the most current profile. Each time an authorization request is processed, it's evaluated against the individual's transaction history. Visa also works closely with technology companies and our merchant partners to ensure that they operate as allies in the effort to keep your information out of harm's way. Source: http://usa. visa.com/personal/security/visa_security_program/fraud_monitoring.html#anchor_2 Required 1. VISA's Security Program states that "... At its (fraud detection system) heart is a data network that .." The data network refers to an Artificial Neural Network (ANN) technology that is used to detect credit card fraud. First, search the Internet to learn about the ANN, then in your own words, write a brief summary of your understanding of ANN. You must cite website references/sources and must not just cut and paste from them into your summary. There is no page limit to your answer here. You may look up the following useful websites: "Artificial Neural Networks" at http:/www.learnartificialneuralnetworks.com/ 'Evaluating Online Credit Fraud With Artificial Intelligence" at http://www.wilsonweb.com/wet 1/980615ai-screen.htm 2. VISA's Security Program states that "Visa also works closely with technology companies to ..." The technology companies re fers to companies that develop ANN technology and provide fraud detecting software/service to credit card companies. Search the Internet for 4 such companies and in your own words, describe the type of ANN technology and software/service available at each company and how each View answer and explanation 2 Fraud Detection: An Overview company's product helps credit card companies to detect credit card fraud. You must cite website references/sources and must not just cut and paste from them into your summary. There is no page limit to your answer here. a. Company #1 .. b. Company #2 ... C. Company #3 ... d. Company #4 ... You may look up the following relevant websites: "CyberSource Intelligent Review TechnologyTM" of CyberSource at http://www.cybersource.com/products_and_services/risk management/_or "Fractals" of alaric at http://www.alaric.com/fractals.html?gclid=CK6HrpiO9ZsCFOk_agodwiag90 or "Falcon Fraud Manager" of FICO at http://www.fico.com/en/Products/Pages/default.aspx or "Neural Networks" of Neural Technologies at http://www.neuralt.com/our_technology.html . View answer and explanationSimulation Question 2-2 This simulation question is based upon a true set of facts. The information contained in the simulation question was obtained from publicly available sources. ' How was McDonald's Monopoly Game Fraud Uncovered? On August 21, 2001, the FBI announced that eight people were arrested for allegedly taking part in a fraud, which involved die Monopoly game promotions occasionally undertaken by McDonald's restaurants. Simon Marketing Worldwide Inc., which ran the game on behalf of McDonald's restaurants, was responsible for the fraud. Jerome Jacobson, a security employee for Simon Marketing Worldwide lnc., was mainly responsible for distributing key game pieces to his Friends and family, and "winning" $13 to $20 million before being caught. During the investigation to uncover die fraud, the FBI deployed several forms of surveillance. Required I. Search the Internet for additional information relating to McDonald's monopoly game fraud. List 10 additional pieces of in formation and state their website referencestsources. Use die format below. adding rows as needed. An entry is made in the first row as an example to help you complete the rest. l l l View answer and explanation Additional Pieces of Information ReforencetSource of Inforrnalion 1. Jerome Jacobson provided the winning game pieces to friends and associates who acted as FBI press release August 21, 2001, "Eight "recruiters." These "recruiters" then solicited individuals who falsely and fraudulently Arrested for Defrauding McDonald's Corp. and represented that they were the legitimate winners of the McDonald's game. its Customers in Promotional Prize Contests" irt httn:J'r'www.fbi.govr'pressrelr"pres srell Emotion al dGSZ 101 .htm 2. Assume the FBI appointed you, an accounting fraud examiner, to use surveillance to gather evidence regarding Simon Marketing Worldwide Inc's involvement in McDonald's monopoly game fraud. Describe clearly what surveillance method(s) you would use and what typ e(s) of evidence you would gather. You should refer to Tables 214 and 215, and the related discussions in Chapter 2 on how to conduct surveillance operation. Use the format below, adding rows as needed. Accounting and Fraud Analysis - Frederick Chou Your Surveillance Method Evidence You Gather Note: Clearly describe "what type(s) of evidence" you want to gather