IDEAS home Printed from https://ideas.repec.org/a/wsi/ijitdm/v23y2024i01ns0219622023400023.html
   My bibliography  Save this article

Anti-Fraud Analysis during the COVID-19 Pandemic: A Global Perspective

Author

Listed:
  • Xiaoqian Zhu

    (School of Economics and Management, University of Chinese Academy of Sciences, Haidian District, Beijing 100190, P. R. China¶MOE Social Science Laboratory of Digital Economic Forecasts and Policy Simulation at the University of Chinese Academy of Sciences, Haidian District, Beijing 100190, P. R. China)

  • Yinghui Wang

    (School of Economics and Management, University of Chinese Academy of Sciences, Haidian District, Beijing 100190, P. R. China†Institutes of Science and Development, Chinese Academy of Sciences, Haidian District, Beijing 100190, P. R. China)

  • Yanpeng Chang

    (��Institutes of Science and Development, Chinese Academy of Sciences, Haidian District, Beijing 100190, P. R. China‡School of Public Policy and Management, University of Chinese Academy of Sciences, Shijingshan District, Beijing 100049, P. R. China)

  • Rongda Chen

    (�School of Finance, Zhejiang University of Finance and Economics, Xiasha Higher Education Park, Hangzhou, Zhejiang 310018, P. R. China)

  • Jianping Li

    (School of Economics and Management, University of Chinese Academy of Sciences, Haidian District, Beijing 100190, P. R. China¶MOE Social Science Laboratory of Digital Economic Forecasts and Policy Simulation at the University of Chinese Academy of Sciences, Haidian District, Beijing 100190, P. R. China)

Abstract

The ongoing coronavirus disease 2019 (COVID-19) pandemic has brought unexpected economic downturns and accelerated digital transformation, leading to stronger financial fraud motives and more complicated fraud schemes. Although scholars, practitioners, and regulators have begun to focus on the new characteristics of financial fraud, a systematic and effective anti-fraud strategy during the pandemic still needs to be explored. This paper comprehensively analyzes the lessons of anti-fraud that we should learn from the COVID-19 pandemic. By exploring the complex motives and schemes of fraud, we summarize the characteristics of financial fraud activities and further analyze the regulatory challenges posed by financial fraud during the outbreak. To better cope with the fraudulent activities during the pandemic, policy proposals on how to improve the supervision of financial fraud activities are put forward. In particular, the panoramic data and graph-based techniques are powerful tools for future fraud detection.

Suggested Citation

  • Xiaoqian Zhu & Yinghui Wang & Yanpeng Chang & Rongda Chen & Jianping Li, 2024. "Anti-Fraud Analysis during the COVID-19 Pandemic: A Global Perspective," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 37-55, January.
    • Handle: RePEc:wsi:ijitdm:v:23:y:2024:i:01:n:s0219622023400023
    DOI: 10.1142/S0219622023400023
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219622023400023
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219622023400023?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ijitdm:v:23:y:2024:i:01:n:s0219622023400023. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijitdm/ijitdm.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.