Leak detection is the process of identifying, locating, and isolating sources of leaks in various industries. In finance, leak detection refers to the monitoring of financial transactions to identify suspicious activity that may indicate embezzlement or other financial crimes.
In addition to finance, leak detection is used in various other industries such as healthcare, transportation, and energy. For example, in healthcare, leak detection can be used to identify unrecorded patient payments or prescriptions that may indicate fraud.
Leak detection typically involves the use of specialized software or hardware that can monitor financial transactions in real-time. Some common tools and techniques used in leak detection include: