METHODS OF DETERRING, DETECTING, AND MITIGATING FRAUD BY MONITORING BEHAVIORS AND ACTIVITIES OF AN INDIVIDUAL AND/OR INDIVIDUALS WITHIN AN ORGANIZATION
First Claim
1. A method to help deter and/or detect and/or mitigate fraud by evaluating the propensity of an individual, including an individual associated with an organization, an individual potentially to be associated with an organization, or an individual acting in his or her individual capacity, to commit fraud within an organization, said method comprising:
- (a) obtaining a personal information disclosure statement of said individual;
(b) obtaining personal information records and other relevant information of said individual;
(c) entering first information from said personal information disclosure statement, said personal information records, and said other relevant information into a risk assessment algorithm;
(d) said risk assessment algorithm operating on said first entered information and thereby generating first risk assessment data; and
(e) evaluating said first risk assessment data and thereby making a first determination of fraud risk with respect to said individual.
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Accused Products
Abstract
A cooperative arrangement and method to help deter and/or detect and/or mitigate fraud by evaluating and then monitoring the information of an individual or individuals for changes in fraud risk. A personal information disclosure statement, personal information records, and other relevant information associated with an individual, or a plurality of individuals, associated with an organization, an individual potentially to be associated with an organization, or an individual acting in his or her individual capacity are obtained. Information is extracted from the personal information disclosure statement, the personal information records, and the other relevant information and entered into a risk assessment algorithm. The risk assessment algorithm operates on the entered information and generates risk assessment data. The risk assessment data is evaluated to make a determination of fraud risk with respect to the individual(s). A decision to provide a fraud risk determination means that the risk associated with the individual, with respect to committing fraud, is acceptable. Risk assessment data on a plurality of key individuals within an organization may be generated and evaluated to make a determination of fraud risk with respect to the organization itself.
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Citations
80 Claims
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1. A method to help deter and/or detect and/or mitigate fraud by evaluating the propensity of an individual, including an individual associated with an organization, an individual potentially to be associated with an organization, or an individual acting in his or her individual capacity, to commit fraud within an organization, said method comprising:
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(a) obtaining a personal information disclosure statement of said individual; (b) obtaining personal information records and other relevant information of said individual; (c) entering first information from said personal information disclosure statement, said personal information records, and said other relevant information into a risk assessment algorithm; (d) said risk assessment algorithm operating on said first entered information and thereby generating first risk assessment data; and (e) evaluating said first risk assessment data and thereby making a first determination of fraud risk with respect to said individual. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A method to help deter and/or detect and/or mitigate fraud by evaluating the propensity of an organization to commit fraud within an organization, said method including:
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(a) obtaining a personal information disclosure statement from each of a plurality of individuals associated with said organization; (b) obtaining personal information records and other relevant information of each of said individual persons; (c) entering first information from each of said personal information disclosure statements, each of said personal information records, and each of said other relevant information into a risk assessment algorithm; (d) said risk assessment algorithm operating on said first entered information and thereby generating first risk assessment data; and (e) evaluating said first risk assessment data and thereby making a first determination of fraud risk with respect to said organization. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 56, 69, 70)
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55. A method to help deter and/or detect and/or mitigate fraud by monitoring the information of an individual, or a plurality of individuals, associated with an organization, an individual potentially to be associated with an organization, or an individual acting in his or her individual capacity, for changes in fraud risk, said method including:
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(a) frequently and/or periodically obtaining updated personal information records and other updated relevant information of an individual that currently has a fraud risk determination; (b) inputting, into a risk assessment algorithm, updated information from said updated personal information records and other updated relevant information along with previous information from a previously obtained personal information disclosure statement from said individual; (c) said risk assessment algorithm operating on said input information and thereby generating updated risk assessment data; and (d) evaluating said updated risk assessment data and thereby making an updated determination of fraud risk with respect to said individual. - View Dependent Claims (57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80)
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Specification