Public Sector: Does Fraud Detection need a jumpstart?
Traditional approaches and legacy point fraud management platforms have limitations that can result in too many false positive alerts to investigate and high operational costs, a condition that...
AI, Counter Fraud and the Government: Opportunities in emerging technologies?
Best estimates for the UK public sector suggest that between £31bn and £53bn is being lost from the public purse to fraud and error each year. This is a challenge that requires a constant effort to...
Embedding Data and Analytics into the Counter Fraud profession in…
Over the past few years, the role of data and advanced analytics has grown significantly across Government. Despite this though, the sentiments above are still common when talking about data. The use...
Whose voice is it anyway? A future shift away from…
In a previous blog, I talked about unintended consequences and how factors such as gateway products can allow new attack vectors for fraudsters. As more organisations move towards digital journeys...
Why the Contingent Re-Imbursement Model may increase fraud losses
The Contingent Re-Imbursement Model, which defines the circumstances in which a payment service provider would be responsible for reimbursing Account Push Payment fraud victims, is expected to be a...
Why don’t we see more impersonation fraud?
Let’s take a simple sentence and think about it for a minute – “Most people are inherently good”. Most people are not fraudsters. This is important because it means we need to think more...
Is it possible to turn the tide on fraud and…
What if we fought back? What if the fraud industry adopted methods and mechanisms to actively disrupt fraud as well as defending against these threats? Disruption is an area which I believe has...
Exploring the trends and traits of fraud – 2019 edition
Looking at UK fraud volumes and global fraud trends Last year’s fraud trends report showed that there was more third-party fraud than first-party, as well an overall increase in fraud against...
What should we expect from fraud case management in the…
Case management is such an important part of how any anti-fraud or financial crime solution works as it is where the investigator evaluates the evidence and makes decisions. The look and feel and...
The problems of global addresses when identifying and validating customers
Recently, I examined a sizeable set of UK application data which contained previous addresses and found there was around 30% which could be classed as non-UK. From other organisations, I have seen a...
Perils and Pitfalls of Data Matching
Data matching is nothing new, and is the backbone of credit bureau, identity and anti-fraud solutions worldwide. Most traditional systems employ some form of relational database which holds data, and...
The potential role of buyer types for identifying fraud
Marketing data is commonly used to predict when customers will be buying goods or using credit – for example “ConsumerView Triggers”. What journey does a ‘genuine’ customer go through? The...