System, method and computer program product for assessing risk of identity theft
First Claim
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1. A method for assessing a risk of fraud, comprising:
- receiving at least information relating to a first address relating to one of an account holder or an applicant;
receiving information relating to a second address; and
measuring demographic differences between the first and second addresses.
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Abstract
In one embodiment, this invention analyzes demographic data that is associated with a specific street address when presented as an address change on an existing account or an address included on a new account application when that address is different from the reference address (e.g., a credit bureau type header data). The old or reference address and the new address, the new account application address or fulfillment address demographic attributes are gathered, analyzed, compared for divergence and scaled to reflect the relative fraud risk.
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Citations
33 Claims
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1. A method for assessing a risk of fraud, comprising:
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receiving at least information relating to a first address relating to one of an account holder or an applicant;
receiving information relating to a second address; and
measuring demographic differences between the first and second addresses. - View Dependent Claims (2, 3, 4, 5, 12, 13, 14)
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6. A method for assessing a risk of identity theft fraud with respect to new applications, comprising:
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receiving first address information relating to an applicant for an account; and
using demographic data relating to the address information. - View Dependent Claims (7, 8, 9, 10, 11)
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15. A method for assessing a risk of fraud, comprising:
using demographic attributes of street addresses to predict the risk of fraud, wherein the act of using comprises analyzing differences between demographic attributes of the addresses. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22)
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23. A method for detecting a risk of identity theft fraud comprising:
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combining warm address, known fraud address information, USPS Deliverable Address File, NCOA files with address specific, single point, demographic information; and
coupling differential information relating to the addresses to predict a risk of fraud for at least one of account takeover new account application and fulfillment fraud.
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24. A system for assessing a risk of fraud, comprising:
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a processor;
memory;
computer instructions operable by the processor to append data to at least one variable used in assessing a risk of identity theft fraud;
computer instructions operable by the processor to analyze differences in demographic data for two different street addresses;
computer instructions operable by the processor to calculate a score indicative of a level of risk of fraud; and
computer instructions operable by the processor to output an assessment of a risk of level of fraud. - View Dependent Claims (25)
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26. A method for determining whether an account request for a change of address from an applicant involves fraud, comprising:
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receiving a request to change an address of an account, said request including an old address and a new address of the applicant;
obtaining demographic data based on the old address of the applicant;
obtaining demographic data based on the new address of the applicant;
calculating a differential between the demographic data based on the old address of the applicant and the demographic data based on the new address of the applicant; and
calculating a score for the request based on the differential, the score indicating whether the request may involve fraud.
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27. A method for determining whether an account request from an applicant for media involves fraud, comprising:
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receiving a request to provide media to the applicant relating to an account;
determining whether the account has information relating to change of addresses, said information including an old address and a new address of the applicant;
obtaining demographic data based on the old address of the applicant;
obtaining demographic data based on the new address of the applicant;
calculating a differential between the demographic data based on the old address of the applicant and the demographic data based on the new address of the applicant; and
calculating a score for the request based on the differential, the score indicating whether the request for media may involve fraud.
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28. A method for determining whether an account request from an applicant for media involves fraud, comprising:
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receiving a request to provide media to the applicant relating to an account, said request including a current address of the applicant and a shipping address to which to ship said media;
obtaining demographic data based on the current address of the applicant;
obtaining demographic data based on the shipping address of the applicant;
calculating a differential between the demographic data based on the current address of the applicant and the demographic data based on the shipping address of the applicant; and
calculating a score for the request based on the differential, the score indicating whether the request for media may involve fraud.
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29. A system for processing account requests from applicants, comprising:
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one or more inputs for receiving account requests from one or more business entities, each of said account requests including an address of an applicant;
an interface for transmitting said addresses to an address data service to obtain demographic data therefrom; and
a scoring module for calculating a score for the request based on the demographic data, the score indicating whether the request may involve fraud.
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30. A method for providing information assessing a risk of fraud, comprising:
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analyzing two different street addresses and demographic data associated with the street addresses;
based, at least in part on the analysis, providing an assessment of a risk of fraud. - View Dependent Claims (31, 32, 33)
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Specification