Should Card Fraud Systems Be Used To Detect Terrorism?
In 1995, I had my first experience with fraud and terrorism. I was working for First Deposit Bank as a fraud investigator and the FBI began to call us about one of our customers – Terry Nichols. They were calling all his credit card companies to determine what charges he had recently been making. They […]
Lloyd’s Created a Fraud Scam Detector Called “The Rat”
It sniffs out fraud to protect customers in the middle of the night. It’s smart. It’s cunning. And it has a sharp nose for fraud. It’s called “The Rat” and it is the brainchild of Lloyds Banking Investigators who wanted to implement technology to help protect Lloyds customers. The solution uses advanced behavioral analysis to […]
Online Fraudsters Prefer These 7 Things
Online fraudsters are clever but their patterns of fraud are predictable and can be spotted easily if you know what to look for. Feedzai, an innovative machine learning company, does just that mining predictable online patterns of fraudsters that might not be visible to the naked eye. In a great report, you can find here. […]
PinDrop Turbo Boosts Detection of Fraud Callers
Can you hear me now? Call Centers are literally under attack by fraudsters that try to social engineer their employees into divulging customers passwords, PIN Numbers and other sensitive information. Research shows that Call Centers in the US receive 1 call from a fraudster every second. Those calls from fraudsters result in roughly $14 Billion in […]
Fraud Scientist Tackles Football Turnovers in the NFL
When Joel Bock isn’t busy building fraud detection models to detect identity thieves like the ones that steal $6 billion a year filing phony tax returns, he uses his skills for his other passion – football analytics. Joel is a fraud data scientist by day analyzing massive sets of fraud data, identifying predictive fraud variables, […]