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    I2 Fraud Analysis

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    I2 IBM Fraud Analytics

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    I2 Fraud Analysis

    Uploaded by

    kishkp
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    I2 IBM Fraud Analytics

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    © © All Rights Reserved

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    I2 IBM Fraud Analytics

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    209 views6 pages

    I2 Fraud Analysis

    Uploaded by

    kishkp
    I2 IBM Fraud Analytics

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    IBM Software

    Industry Solutions

    IBM i2 Fraud Intelligence Analysis

    IBM i2 Fraud Intelligence


    Analysis
    Identifying, investigating and disrupting fraud

    Highlights:

    Analyze and visualize complex


    cross-channel attacks

    Involve relevant staff and agencies in


    investigations

    Integrate fraud investigation into standard


    procedures

    Provide briefings according to role and


    responsibility

    Fraud is a significant and evolving challenge for the financial industry,


    costing an estimated five to eight percent of revenues1 per annum.
    Criminals are becoming increasingly adept at exploiting weaknesses
    across multiple systems, possibly in collusion with employees, and
    attempting to hide in the siloed nature of Enterprise data. As well as
    damage to the balance sheet, fraud poses a real threat to brand and
    reputation with potential impact on customers, shareholders and
    regulators. However, each interaction with your systems leaves a small
    breadcrumb and with it, the opportunity to intelligently link them to
    identify, detect and disrupt threats.
    Traditionally, companies have countered fraud with point solutions that
    target a specific, known threat. This approach can be difficult to
    manage, often missing cross-channel and asymmetric attacks
    perpetrated by organized criminals and, almost always, resulting in a
    more expensive, fragmented solution. This rear view mirror approach
    can also fail to spot new and emerging attacks.
    IBM i2 Fraud Intelligence Analysis is designed to provide critical
    insights to aid in investigating complex incidents, producing actionable
    visualization of critical people and events and documenting results for
    potential litigation.

    IBM Software
    Solution Brief

    IBM i2 Fraud Intelligence Analysis

    If you cannot see the full picture you


    cannot respond

    Fraud Intelligence Analysis is designed to provide each of


    these corporate functions with the ability to view appropriate
    elements of fraud patterns and to collaborate more effectively
    so that appropriate actions can be taken to meet the needs of
    each department for the management and treatment of fraud.

    Fraud Intelligence Analysis takes an holistic approach to this


    problem by providing:

    Inclusion of virtually any data source to provide


    comprehensive visibility of activity.
    Event and rule driven procedures to aid faster remediation
    and to support Know Your Customer and Customer
    Due Diligence.
    Distributed investigative and collaborative tools designed to
    leverage relevant skills and knowledge to improve results.
    Identification and forensic investigation of suspicious or
    unexpected activities and threats using market-leading
    analysis and visualization tools.
    Automated briefing updates based on role and responsibility
    which allow analysts and investigators to share evidence and
    analytical results in near-real time.

    Analytics and visualization


    Fraud Intelligence Analysis includes market leading analytical
    tools designed to provide rapid forensic investigation of
    abnormal and unexpected behavior.
    With this solution, vast quantities of data from unrelated
    sources can be analyzed and visualized in a number of rich
    formats to support your investigation.

    Figure 2: Association - who knows who and how are they linked?

    Governance, risk and compliance


    The nature of fraud demands that detection, management
    and treatment fall within the GRC functions of an
    organization. The differing, but interlinked, requirements
    of risk management, compliance, and internal and external
    investigation groups demand different views of fraudulent
    activity and, most importantly, proof to support decisions
    and actions.

    IBM Software
    Solution Brief

    IBM i2 Fraud Intelligence Analysis

    Risk alerting
    Early identification of possible fraud can eliminate the cost,
    time and pain associated with complex investigations and
    reclamation. Knowing who is who and who knows who is
    critical to this process. Key fraud indicators combine
    information from watch lists, known fraudsters and other
    relevant sources in a risk scorecard that provides visibility of
    risk to help enable proactive remedial action.

    Collaboration and investigation


    Fraud prevention requires intelligence and involvement from
    across your organization. Fraud Intelligence Analysis provides
    an intuitive, security-rich interface for stakeholders to
    contribute to, share and analyze investigative data leading to
    faster, more informed decision making.
    Figure 3: Temporal - incidents and involved parties on a timeline

    Investigation management
    IBM i2 Fraud Intelligence Analysis can be adapted to support
    your internal processes. Business rules and events may may b
    combined to form standard operating procedures (SOPs) and
    support your Compliance requirements.

    Investigation monitoring
    Providing visibility of the fraud investigation can greatly assist
    both investigation efficiency, and also improve fraud
    awareness across your enterprise; a great asset in the fight
    against fraud. Key performance indicators (KPIs) can be used
    to monitor progress and KPI and related content may be
    displayed through user and role specific dashboards.

    Figure 4: Geo-spatial - incidents on Maps

    IBM Software
    Solution Brief

    IBM i2 Fraud Intelligence Analysis

    Combating cross-channel attacks


    Fraud Intelligence Analysis is designed to combat this by
    working across your data silos to provide a joined up, rich
    view of related events, people and objects.

    Data may be locked in disparate, unconnected databases and


    can be in a structured or unstructured form.

    IBM Software
    Solution Brief

    IBM i2 Fraud Intelligence Analysis

    Potential benefits

    Financial fraud user cases

    Faster implementation and returns, typically within weeks.


    Flexibility. Data can be left on existing servers and
    investigative and briefing interfaces are delivered over
    thin client.
    Alignment with your internal information policy. Only
    appropriate information is available to users based on role.
    Extensibility. Can be integrated with existing systems as well
    as other IBM solutions.

    Major US Insurer: $250,000 fraudulent claim successfully


    identified and investigated within three hours
    A major US insurance company received a suspicious
    claim for a stolen automobile and had only thirty days to
    determine whether it was legitimate before being obliged
    to settle. Using Fraud Intelligence Analysis, the investigator
    was able to rapidly investigate the social network
    connected to the owner of the vehicle and discovered a
    link to an unusually structured export company. By
    enriching his investigation further through collaboration
    with the US Customs and Border patrol, he determined that
    the vehicle had been exported several weeks before the
    claim. The investigator tracked the car to Italy and found
    additional proof that it had been serviced there and the
    identity of the new owner was the wife of the claimant with
    an assumed identity. The claim was denied and handed to
    law enforcement.

    Using Analysts Notebook, I was able to


    clearly identify a claim as fraudulent in
    less than three hours, an accomplishment
    that would have taken months without the
    i2 product.
    Raphael Lawson, Head of Fraud, Fraud Investigation.

    For more information


    To learn more about IBM i2 Fraud Intelligence Analysis,
    please contact your IBM representative, or
    visit: ibm.com/i2software
    To learn more about all of the IBM Smarter Cities solutions,
    visit: ibm.com/smartercities

    Copyright IBM Corporation 2012


    IBM Corporation
    Software Group
    Route 100
    Somers, NY 10589
    U.S.A.
    Produced in the United States of America
    November 2012
    i2, Analysts Notebook, COPLINK, IBM, the IBM logo and ibm.com are
    trademarks of International Business Machines Corporation in the United
    States, other countries or both. If these and other IBM trademarked terms
    are marked on their first occurrence in this information with a trademark
    symbol ( or TM), these symbols indicate U.S. registered or common law
    trademarks owned by IBM at the time this information was published.
    Such trademarks may also be registered or common law trademarks in
    other countries. Other product, company or service names may be
    trademarks or service marks of others. A current list of IBM trademarks
    is available at Copyright and trademark information at:
    ibm.com/legal/copytrade.shtml
    The content in this document (including currency OR pricing references
    which exclude applicable taxes) is current as of the initial date of
    publication and may be changed by IBM at any time. Not all offerings are
    available in every country in which IBM operates.
    The performance data discussed herein is presented as derived under
    specific operating conditions. Actual results may vary. THE
    INFORMATION IN THIS DOCUMENT IS PROVIDED AS IS
    WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED,
    INCLUDING WITHOUT ANY WARRANTIES OF
    MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE
    AND ANY WARRANTY OR CONDITION OF
    NONINFRINGEMENT. IBM products are warranted according
    to the terms and conditions of the agreements under which they
    are provided.
    1 Forrester Market Overview: Fraud Management Solutions 2010.

    Please Recycle

    ZZS03075-USEN-02

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