Worldwide, fraud, theft, and leakages are major forms of revenue losses for utility companies. It is estimated that losses from fraud and leakage can be as much as 5–9% of the annual profit, highlighting the need for a comprehensive fraud management system to streamline risk assessment and enhance customer trust. There are various types of fraud, theft, and leakages prevalent in power and electricity, water services, and gas & oil companies, necessitating robust fraud detection and prevention strategies that leverage advanced analytics for effective verification.