Journal of Data Science

Objective: Financial fraud has been a big concern for many organizations across industries; billions of dollars are lost yearly because of this fraud. So businesses employ data mining techniques to address this continued and growing problem. This paper aims to review research studies conducted to detect financial fraud using data mining tools within one decade and communicate the current trends to academic scholars and industry practitioners.

Law and legal studies has been an exciting new field for data science applications whereas the technological advancement also has profound implications for legal practice. For example, the legal industry has accumulated a rich body of high quality texts, images and other digitised formats, which are ready to be further processed and analysed by data scientists. On the other hand, the increasing popularity of data science has been a genuine challenge to legal practitioners, regulators and even general public and has motivated a long-lasting debate in the academia focusing on issues such as privacy protection and algorithmic discrimination. This paper collects 1236 journal articles involving both law and data science from the platform Web of Science to understand the patterns and trends of this interdisciplinary research field in terms of English journal publications. We find a clear trend of increasing publication volume over time and a strong presence of high-impact law and political science journals. We then use the Latent Dirichlet Allocation (LDA) as a topic modelling method to classify the abstracts into four topics based on the coherence measure. The four topics identified confirm that both challenges and opportunities have been investigated in this interdisciplinary field and help offer directions for future research.