AccessTEL > Fraud Detection & Prevention

Fraud Detection & Prevention

The reality of financial crimes today is not “if” your organization will be targeted, but “when” it will be attacked.

Consequences of not investing in EFRM

Financial Losses
Regulatory Fines
Brand/Reputational Risk
Risk of being held hostage by fraudsters
Law Suits, Convictions, Jail Time and other financial; and social penalties

Modern thieves are organized, well-funded, persistent and target all channels. Therefore, knowledge from different internal departments and insight has to be consolidated to be incorporated into business requirements that translate to new fraud processes and detection solutions.

Security Hierarchy

Brief Summary of NSR

NSR is an Italian technology advisor, software manufacturer, and system integrator, privately owned, specializing in cybersecurity, data protection and fraudmoney laundering control, present in the market for over 30 years.

Delivers services to clients in various sectors, including Central and Local Public Administration, Finance (banks and insurance), Energy & Utilities, Telecommunications, Transport, Defence, and National Security.

6 corporate certifications: ISO 9001 Quality, ISO 27001 Information Security, ISO 20000 IT Services Management, ISO 14001 Environmental Management System, ISO 45001 Health and Safety, ISO 37001 Anti-Bribery Management
200+ specialists: more than 200 employees, 90% specialized in cyber technologies and data protection
30+ partnerships: more than 30 partnerships with major IT/Cyber vendors

Contra EFRM Solution

Schema-agnostic, Cross-channel Data Repository Structured & Unstructured Data detect and mitigate crime no matter what the source
Single, unified view of the customer for holistic fraud management via cross-channel forensics and reporting for effective enterprise fraud management
Monitoring staff activities across the firm to see which accounts have been accessed, which changes have been made and by whom, and when to spot anomalies like unusual login activity.

Real-time and near-real-time monitoring across:

What is CONTRA

NSR Contra is
a cross-channel enterprise risk solution to support the detection of multi-channel fraud

that makes use of

adaptive analytics

machine / deep learning and artificial intelligence (AI)

profiling, behavioural rules, and other probability-based models

managed by

rules engine and editor

alert and case management

customisable workflow

flexible reporting

Contra Enterprise Fraud Management

Highly Scalable, Schema Agnostic, Cross Channel Data Repository Structured + Unstructured Data
Core capabilities – Statistics, Behavioral Analytics, AI/Machine Learning, Entity Relationship Analysis
Business Rule Engines, Hybrid Realtime / Batch Detection Strategy
Advanced Forensics
Risk & Fraud Operations – Cross Channel Alert & Case Management, Workflows, Reports, Notification, Interdiction, Link Analysis & Visualization, Data Import/Export
Pre-packaged and Custom Fraud management solutions

How it Works

SCENARIOS

Advanced business rules and statistical techniques to find known fraud attacks

PROFILING

Contextual history of customer, employee and peer group behaviour using your data

ADAPTIVE ANALYTICS & MACHINE LEARNING

A combination of risk indicators, predictive learning, analysis and machine feedback

LINK ANALYSIS

Uncovers unknown risk relationships between people, accounts, and alerts

Multiple methods used simultaneously
Not required to populate models with large volumes of historical data that can be out of date, instead Contra uses current data
Alerts are based on the individual type of Fraud and Channel specific