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| Detica Unveils NetReveal Detica has announced the launch of NetReveal. NetReveal takes a revolutionary approach to fraud detection by spotting fraudulent activity in social networks, rather than individual transactions. The technology is already being applied to identify claims fraud in the insurance industry, as well as mobile phone fraud in the telecoms market and 'sleeper fraud' in retail banking. It is also being used in government to address fraud and security issues. The NetReveal solution contrasts with traditional approaches to fraud detection, which are limited by their reliance on using rigid sets of rules to detect suspicious transactions at an individual level. Increasingly, fraudsters are hiding their activities by using multiple, disguised identities to perpetrate small and seemingly innocuous frauds, distributed across organisations on a massive scale. To combat this, NetReveal uses a series of new and advanced data analysis techniques to uncover the hidden relationships within social networks of people and data. The system allows investigators to view and interrogate suspicious networks of transactions, whilst it also prioritises the most suspicious networks. In a project, the insurance industry recently pooled the data sources from UK insurers and formed the Insurance Fraud Bureau. Established to detect and deter serious and organised claims fraud across the UK, the underlying technology behind the IFB is NetReveal. write your comments about the article :: © 2006 Computing News :: home page |