Fraud detection vendors

[Michael]

Thank you, Peter.
This is exactly our approach as well (we work in tax administration area).
I would highly appreciate any ideas re: what DM tools/vendors to consider for this type of applications.

[Peter vdP]

So actually you dont need a mining tool but a decisioning solution imho (models, rules, real time & bach application, monitoring). It depends a bit on the size of your company whether you would be looking for an enterprise solution or something else.

My advice on vendors would be subjective by nature because I work for one (Chordiant Decision Management). If you want you can send me an email at pvdputten at hotmail.

[Gareth]

Fraud Detection is a hot topic, and many companies claim to have an answer or a solution when it reality they have little more than an idea or theory which makes for good marketing and exposure. For example, there are companies out there claiming to have a solution for this space when their application has no element of prediction - to which I would say what is the point of catching someone after the event if your solution can't learn, identify, warn, prevent next time? Like most Data Mining areas every organization can apporach this in a diferent way. Ultimately you need to start from the ground up, take a look at your people, your systems, the data available to work with and then move forward - methodically!

We do have well documented and referenceable real uses of our application in medicare fraud, warranty fraud, and credit card fraud. Check out http://www.purpleinsight.com/applications/fraud1.shtml

[paul]

www.redplc.com

[guest]

http://www.datashaping.com/security.shtml
Tools include boosted trees, tree farms and scoring technology.

[Josh G]

I am also aware of another such security service provider whose phone-based authentication and verification services to avoid credit card fraud to a greater extent. TeleSign offers powerful tools such as Telephone Verification which enables merchants to add a verification step so that fewer orders need to be manually reviewed. Visit http://www.telesign.com/ for more details.

[MatthewPowell]

It is a important topic. Many companies does not realize the need of this technique. But when the frauds happen in the company so they realize the need of Fraud Detection. http://www.infoglide.com/

[Dropal 123]

money laundering is a serious crime.restriction strictly this issue.
http://www.infoglide.com