What is Leak Detection?
Leak detection refers to the process of identifying and locating leaks in a system or network. In the context of finance, leak detection involves monitoring financial transactions and indicators to identify suspicious activity that may indicate a leak.
Real-World Example
For example, in the energy sector, leak detection can be used to monitor the movement of oil and gas products. If a significant amount of product is detected leaving an oil rig or refinery without being recorded, it could indicate a leak.
Source
"Leak detection is a critical component in financial systems, particularly in industries such as energy and commodities. It helps to prevent losses and ensure the integrity of assets." - Financial Analyst