In the era of cybercrime, mitigating fraud is a must
“We have worked closely with Zurich to tailor the solution to meet their needs in terms of rapid deployment and highly accurate and automated detection of fraudulent claims, while ensuring fewer false positives to enable genuine customers to be fast-tracked through the claims process” – Mark O’Neill, head of insurance for UK and Ireland at BAE Systems Applied Intelligence. The Gist: Zurich Ireland has teamed up with BAE Systems to implement its NetReveal system, which can uncover links and patterns in claims and policy data that could reveal potential fraud. On a similar note. Meet ThreatMetrix. The San Jose-based company can detect fraud patterns by analyzing different connections between devices, locations and personal intel. Bottom Line: in the name of accurate user risk models.