In today’s environment, fraud impacts every business, governmental organization, and non-governmental organization (NGO). Fraud takes many forms including payment fraud, claims fraud, and identity theft. This tutorial will provide an overview of the world of fraud and illustrate several common types of fraud with typical fraud scenarios. We will then introduce the Fraud Management Life Cycle, a comprehensive methodology for managing fraud that focuses on the different activities (deterrence, prevention, detection, mitigation, and investigation) that can help control and manage fraud. We present metrics that can be used to manage performance for these activities, as well as help determine where investments in additional capabilities will have the greatest payoff. We will discuss software tools for managing fraud, including neural network models and social network analysis. Finally, we will illustrate how ordinary desktop tools like spreadsheets can be powerful aids in analyzing and managing fraud.