TITLE

Using Predictive Analytics to Sift Out Fraudsters

AUTHOR(S)
Ahern, Roger
PUB. DATE
February 2005
SOURCE
Bank Technology News;Feb2005, Vol. 18 Issue 2, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the role of predictive analytics in the increasing identity-theft related crimes in banks in the U.S. Improvement of hackers' ability to retrieve customers' databases and gaining access to their account numbers, Social security number and other personal information; Development predictive analytics and maintenance of origination system to detect and prevent such fraud; Assessment of fraud risk using information technology in order to maximize the percentage of applications.
ACCESSION #
16177331

 

Related Articles

  • NEW TRENDS CONCERNING OPERATIONAL RISC IN E-BANKING. Trenca, Ioan; Silivestru, Hadrian; Paun, Dragos // Scientific Annals of the 'Alexandru Ioan Cuza' University of Ias;2010 Supplement, p171 

    Through alternative channels which the bank provides to the customers transactions were conducted worthing 18.58 million euros, up 59% over the same period of the last year, according to RomCard, in the first 3 months of 2009. We have tried to summarize below the risks that banks face when they...

  • Stupid fraud tricks. Malamed, David // CA Magazine;Aug2011, Vol. 144 Issue 6, p36 

    The article offers information on fraudulent acts and fraudsters in Canada. It mentions that majority of fraudsters are cunning, clever and they used brilliant words to deceive their victims. To ensure access efficiency and identity management, system administrators and information technology...

  • Securing Your Identity. Davis, Todd // Financial Planning;Dec2006, Vol. 36 Issue 12, p24 

    The article suggests ways to avoid identity theft. Several steps must be taken to avoid becoming a victim of identity theft, these include placing fraud alerts on credit report, reviewing credit report carefully, opting out of unsolicited credit card offers, removing name from direct-mail...

  • Hot on the ID Theft Trail: Will the Real Jane Doe Stand Up? Sraeel, Holly // Bank Technology News;Feb2005, Vol. 18 Issue 2, p8 

    Reports on the emergence of identity theft in banking transactions in the U.S. Utilization of the user's social security record for credit card of the theft; Indication that those who access accounts on-line can provide earlier detection of crime than those who rely only upon mailed monthly...

  • Scammers May Soon Get More Customers to Bite. Krebsbach, Karen // Bank Technology News;Feb2005, Vol. 18 Issue 2, p20 

    Reports on the increase in phishing attacks aimed at financial groups based from the data provided by TowerGroup in the U.S. Impact of the commercial crime on banks and electronic commerce accounts; Utilization of banks with Web site authentication, user authentication, bilateral authentication,...

  • IT helps in fight against corporate identity theft.  // Accountancy;Dec2006, Vol. 138 Issue 1360, p65 

    The article discusses corporate identity theft and the use of the Companies House PROOF system to protect against this fraud. A method that corporate identity thieves employ to access and take control of a company's public records is described. The Companies House PROOF system can prevent...

  • Safety in Numbers. Britt, Phillip // Information Today;Feb2006, Vol. 23 Issue 2, p32 

    This article offers companies some tips for protecting themselves and their customers from card fraud and identity theft. Companies are advised to install and maintain a firewall configuration to protect data and all systems, use and update antivirus software regularly, and develop and maintain...

  • The war on financial crime is escalating -- and the institute will be on the front line with you. Coghlan, John // Financial Management;Apr2007, p1 

    The article discusses the business and personal damages of commercial crime, and the efforts of organizations, like the Chartered Institute of Management Accountants (CIMA) and the European Union to eliminate its presence. The author identified examples of the crime, like fraud, money...

  • COMPLIANCE WITH THE NEW IDENTITY THEFT PREVENTION REGULATIONS. Mohr, Timothy L.; Fatigate, Ralph M. // Banking Law Journal;Jun2008, Vol. 125 Issue 6, p518 

    The article discusses the need to effectively implement the new regulations established by the President's Task Force on Identity Theft to prevent the crime in the U.S. The regulation, together with an executive order, was duly constituted on May 10, 2006 which defines identity theft as a fraud...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics