Oscar Hernandez

This blog post discusses the importance of fraud detection and prevention in organizations and introduces Expero's Connected Toolkit as a comprehensive solution.

Easy to use fraud detection software solutions, such as the Expero Connected Toolkit, reduce the overhead required to track and predict fraud and provide a variety of tools for many user personas.

Alerts are a powerful tool for real time fraud detection systems. Alerts can be used to surface things one normally wouldn’t see in real time.

An insider threat is a vulnerability of a system resulting from people within the organization. This can be intentional or unintentional: accidental breaches due to negligence or phishing are possible. Using the Connected Toolkit, we can use data from within a company’s system to predict where potential insider threats will occur.

Data breaches, which can expose emails, passwords, credit card information among other personally identifiable information, are a constant concern for companies who store client data. Our Connected Toolkit alerts users when suspicious behavior occurs, provides the data to learn from prior breaches, and enables you to predict where fraud will happen next. 

Building a useful fraud detection system requires bringing many tools together and making them work together to bring undetected anomalies to light.

It is important to note that as time goes on, fraudsters will continue to adapt to rules and regulations that attempt to prevent them from committing fraud. While supervised detection systems can detect certain types of fraud well, oftentimes analysts don’t immediately know whether new patterns are indicative of fraud or not. This is why it is important to use an unsupervised system that can learn not only from existing patterns, but from new patterns as well. 

This post looks at the different technology approaches and adaptations to finding and detecting fraud, and the technology behind Expero's Fraud Product.

This post explores the history of fraud and how Expero's Fraud and AML toolkit is designed to help learn and combat fraud in many types of organizations.