Fraud Prevention Solutions
Utilizing your data we create a 360 view of the company and alert you to threats with a severity and likelihood score
Internal Fraud Solutions
Fraud hurts. It particularly hurts when the sources are internal. There are many reasons internal fraud occurs, from dishonesty ,to culture, to misapplication of policy or procedure. Fraud costs. With our solutions we get to the root cause quickly.
Replicable & Deployable
We have several engagement models to choose from - from data diagnosis and flash modeling, to deployment of the full fraud prevention solution - Let's talk!
Some of Our Innovative Use Cases
Use Cases
Behavioral Data Science & Fraud Prevention
Internal Theft of HSA's
A health care insurance company was about to face an audit. Most of their data was in disparate systems, from spreadsheets, to SQL databases, to Access. Taking call-center records, and applying specially built text analytics libraries, as well as utilizing segmentation and anomaly detection, accounts were located where internal theft of elderly person's accounts were occuring. A model was deployed to prevent future occurrences.
Social Media Signals Alert Stock Take Over Attempt
A social media reputation analysis model for a cosmetics company in several languages, alerted the company to a stock take over attempt, which would have had serious consequences.
Redefining Fraud to Prevent Future Cases
A financial institution had been defining fraud as "zero pay" - or default. Meeting with stakeholders from several departments, a new definition of a "Fraud," target was reached.Taking cases from investigators, querying the SQL database, and applying text analytics to call center records started the sampling. Two models emerged, one identifying a pattern of identity theft, which could be resolved quickly, resulting in a fast win.
Forensic Investigation of Accreditation Code
An urban Midwestern University was preparing for their accreditation. The two programmers who built the code for the accreditation scoring obtained access to staff and faculty salaries. When their demands for raises weren't met, before quitting, they destroyed the accreditation code. Going in as a consultant, and accessing a little known IBM "back-door" file most of the code was retrieved as well as evidence obtained that the destruction was intentional.
Financial Fraud
Leading a team of enterprise architects and programmers, overseas, the problem to be solved was a specialized form of currency which was being used fraudulently. With SME's from law enforcement, web-scraping from social media, and other sites, a machine learning model was built that used language as a marker where persons knew to turn off geolocation and encode their transactions in slang
Bank Vault Networking and Integration Issues
A small branch was demonstrating anomalous transactions. On-site examination showed that regulatory practices were not being followed correctly. Additionally the cash machines were not properly networked and the software reading transactions was not configured correctly giving erroneous readings and room for dishonest behaviors.
Some of Our Clients
