16 November 2016
Catching shadows: fighting fraud in utilities
Fraud is a big business. Non-technical losses, which always seems a very euphemistic way to describe theft, cost European utility companies around €3.7 billion every year. This figure includes the value of electricity used without payment, but it does not include the additional costs related to tracking down fraudsters, damages compensation, or legal proceedings.
The incentive to improve detection is not just about minimizing revenues lost to fraud; it is also to increase the hit-rate…
The post Catching shadows: fighting fraud in utilities appeared first on Ascent.