×

System and method for identity-based fraud detection

  • US 7,458,508 B1
  • Filed: 12/30/2004
  • Issued: 12/02/2008
  • Est. Priority Date: 05/12/2003
  • Status: Active Grant
First Claim
Patent Images

1. A method for determining a likelihood of fraud associated with an input identity record, comprising:

  • receiving an identity record comprising identity related information, wherein the received identity record comprises fields configured to store the identity related information, and wherein the fields form nodes;

    retrieving identity records from a database of identity records generated from a plurality of identity records received from a plurality of client institutions;

    linking the received identity record with the retrieved identity records based on the identity related information, wherein the plurality of linked identity records are stored as a graphical network, and wherein the graphical network comprises a plurality of graphs defined by sets of nodes and sets of edges composed of pairs of nodes sharing a common characteristic;

    evaluating the received identity record using the linked, retrieved identity records;

    generating a fraud score indicative of the likelihood of fraud associated with the input identity record based on the evaluation of the received identity record;

    returning the fraud score to a client institution;

    receiving updated identity related information from the client institution based on challenge response interrogations initiated in response to the generated fraud score; and

    providing enhanced indication of the likelihood of fraud associated with the input identity record.

View all claims
  • 15 Assignments
Timeline View
Assignment View
    ×
    ×