System, method and computer program product for assessing risk of identity theft
First Claim
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1. A computer-implemented 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;
determining demographic data relating to the first address;
receiving information relating to a second address;
determining demographic data relating to the second addressmeasuring demographic differences between the first and second addresses using the determined demographic data relating to the first address and the determined demographic data relating to the second address; and
calculating a score indicative of a level of risk of identity theft fraud using the measured demographic differences, wherein calculating a score is done using a processor.
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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
32 Claims
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1. A computer-implemented 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; determining demographic data relating to the first address; receiving information relating to a second address; determining demographic data relating to the second address measuring demographic differences between the first and second addresses using the determined demographic data relating to the first address and the determined demographic data relating to the second address; and calculating a score indicative of a level of risk of identity theft fraud using the measured demographic differences, wherein calculating a score is done using a processor. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer-implemented 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; receiving reference address information relating to a reference address; determining demographic data relating to the first address information and the reference address information; and calculating a score indicative of a level of risk of identity theft fraud using the determined demographic data, wherein calculating a score is done using a processor. - View Dependent Claims (9, 10, 11, 12)
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13. A computer-implemented method for assessing a risk of fraud, comprising:
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receiving street addresses including an applicant address and a reference address; determining demographic data relating to the street addresses; using demographic attributes of the street addresses to predict the risk of fraud by analyzing differences between the demographic data of the street addresses; assessing the risk of fraud based on the differences between the demographic attributes wherein assessing the risk is done using a processor. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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21. 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 from the memory or input by a user 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 (22)
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23. A computer-implemented 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; calculating a score for the request based on the differential, wherein calculating a score is done using a processor; and determining, based on the calculated score, whether the request for change of address may involve fraud.
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24. A computer-implemented 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; calculating a score for the request based on the differential, wherein calculating a score is done using a processor; and determining, based on the calculated score, whether the account request may involve fraud.
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25. A computer-implemented 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, wherein calculating a score is done using a processor; and determining, based on the calculated score, whether the account request may involve fraud.
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26. A system for processing account requests from applicants, comprising:
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a processor for for receiving account requests from one or more business entities, each of said account requests including an address of an applicant; the processor including an interface for transmitting said addresses to an address data service to obtain demographic data therefrom; and the processor further including a scoring module for calculating a score for the request based on the demographic data, the score indicating whether the request may involve fraud. - View Dependent Claims (27, 28)
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29. A method for providing information assessing a risk of fraud, comprising:
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receiving two different street addresses, the two different street addresses including an applicant address and a reference address; receiving demographic data associated with the two different street addresses; analyzing the two different street addresses and the demographic data associated with the street addresses, wherein analyzing is done using a processor; and based, at least in part on the analysis, providing an assessment of a risk of fraud. - View Dependent Claims (30, 31, 32)
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Specification