Tag: fraud analytics

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Experian is recognized as a leading fraud solution pro...

Experian is recognized as a leading security solution provider for fraud and identity solutions in order to protect customers and financial...

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Sifting through the noise around first party fraud...

We all know that first party fraud is a problem. No one can seem to agree on the definitions of first party fraud and...

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Understanding Deposit Account Losses through Analytics...

Exciting research leveraging Experian’s fraud analytics and credit risk modeling are now enabling deposit institutions to understand the impacts of first party fraud and identity theft on their portfolios. Historically, deposit institutions have not considered application fraud to be a major concern and legislation regarding overdraft fees and the...

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Use of validation on historical data to evaluate fraud...

Conducting a validation on historical data is a good way to evaluate fraud models; however, fraud best practices dictate that a proper validation uses properly defined fraud tags. Before you can determine if a fraud model or fraud analytics tool would have helped minimize fraud losses, you need to...

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ROI: Part 2...

In a previous blog, we shared ideas for expanding the “gain” to create a successful ROI to adopt new fraud best practices  to improve.  In this post, we’ll look more closely at the “cost” side of the ROI equation. The cost of the investment– The costs of fraud analytics...

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DDA and the risk of fraud in the retail bank, Part 1 –...

By: Heather Grover In past client and industry talks, I’ve discussed the increasing importance of retail branches to the growth strategy of the bank. Branches are the most utilized channel of the bank and they tend to be the primary tool for relationship expansion. Given the face-to-face nature, the...

Read More DDA and the risk of fraud in the retail bank, Part 1 – How is your fraud prevention affecting your operations?
Risk based authentication – some best practices ...

In my previous two blog postings, I’ve tried to briefly articulate some key elements of and value propositions associated with risk-based authentication.  In this entry, I’d like to suggest some best-practices to consider as you incorporate and maintain a risk-based authentication program. 1. Analytics – since an authentication score is...

Read More Risk based authentication – some best practices to consider, Part 3