1988: Peter Schatte claims according to Benford’s Law that base-8 is the preferred number base for computer design as it minimizes expected memory storage space.

1993: Benford’s Law is applied in accounting fraud detection. Since then it has been used to analyse additional data sources.

1995: T. P. Hill proved Benford’s Law about certain distributions and justified its application to Forensic accounting

2013: M. Nigrini analyses $8 million fraud according to Benford’s law

To the MNS presentation