Fraud Analytics is an emerging tool of the 21st century as it relates to detecting anomalies, red flags, and patterns within voluminous amounts of big data, which is quite challenging to analyze. The use of Fraud analytics does not always have to be complex and costly for small and medium-sized enterprises (SMEs) to afford. While technology has played a key role in increasing opportunities to commit fraud, the good news is that it can also play a major role in developing new methods and strategies that can be used to detect and prevent fraud.