System and method for identity-based fraud detection using a plurality of historical identity records
First Claim
1. A method for generating a database of identity records for use in detecting fraud in relation to a new identity record comprising:
- receiving a plurality of identity records, each comprising identity related information, from a plurality of client institutions;
storing the identity related information as fields within the plurality of identity records;
linking the fields associated with the plurality of identity records based on certain characteristics associated with each field,generating a set of nodes based on fields associated with the plurality of identity records;
generating a set of edges composed of a pair of nodes sharing a common characteristic; and
forming a graphical network comprising the plurality of linked identity records, nodes, edges and link information.
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Accused Products
Abstract
A method for identifying a fraudulent account application includes receiving a new account application comprising a plurality of identity-related fields and linking the identity-related fields associated with the new account application with identity-related fields associated with a plurality of historical account applications. The links form a graphical pattern on which statistical analysis can be performed to determine the likelihood that the new account application is fraudulent. The statistical analysis can comprise comparing the graphical pattern to a known, or normal graphical pattern in order to detect differences, or anomalies occurring in the graphical pattern associated with the new account application.
327 Citations
36 Claims
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1. A method for generating a database of identity records for use in detecting fraud in relation to a new identity record comprising:
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receiving a plurality of identity records, each comprising identity related information, from a plurality of client institutions; storing the identity related information as fields within the plurality of identity records; linking the fields associated with the plurality of identity records based on certain characteristics associated with each field, generating a set of nodes based on fields associated with the plurality of identity records; generating a set of edges composed of a pair of nodes sharing a common characteristic; and forming a graphical network comprising the plurality of linked identity records, nodes, edges and link information. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for generating a database of identity records for use in detecting fraud in relation to a new identity record comprising:
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receiving a plurality of identity records, each comprising identity related information, from a plurality of client institutions; storing the identity related information as fields with in the plurality of identity records; linking the fields associated with the plurality of identity records based on certain characteristics associated with each field, generating a set of nodes based on fields associated with the plurality of identity records; generating a set of edges composed of a pair of nodes sharing a common characteristic; and storing the plurality of linked identity records and link information as a graphical network, the graphical network comprising a plurality of graphs defined by one or more sets of nodes and one or more sets of edges. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A fraud detection center, comprising:
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a portal configured to receive a new identity record; an identity database comprising a plurality of identity records received from a plurality of client institutions, wherein the plurality of identity records form a graphical network of graph-structured data; and an identity record processor coupled with the portal and the identity database, the identity record processor configured to evaluate the new identity record using the plurality of identity records, wherein the identity database comprises links between the plurality of identity records, the plurality of identity records each comprise a plurality of fields configured to store identity related information, each of the fields forms a node, 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. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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Specification