Infoglide Blog

New Jersey-Based Fraud Ring Charged This Week: The Perfect Case for Social Network Analysis

02.08.13

By Mike Betron, Infoglide VP of Marketing   As reported by MSN Money this week, eighteen members of a fraud ring have just been charged in what may be one of the largest international credit card scams in history. The New Jersey-based fraud ring is reported to have stolen at least $200 million, fooling credit […]

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Insider Fraud – Post 2

02.05.13

In our last post on insider fraud (IF), we explored what insider fraud is, who is likely to commit it, and took a brief look at how insider fraud can affect the banking and insurance industries. In today’s post, we’ll take a look at how insider fraud can connect to first-party fraud, some of the […]

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Insider Fraud (Part I)

01.08.13

By Mike Betron, Infoglide VP and GM of Social Identity Services When most people think about fraud, they think about high-profile, highly-publicized cases including names and terms like Bernie Madoff, Allen Stanford, Enron, and Ponzi schemes. These types of fraud cases may be rare, but the fact is, most companies face a quieter, if far […]

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FinCEN opens up 314(b) to private sector offerings as I-BIRDS takes flight

11.02.12

If you blinked a couple of weeks ago, you may have missed a FInCEN ‘clarification letter’ concerning US Patriot Act Section 314(b) which allows – and encourages – participating financial institutions to share fraud and AML data with each other.  In the September 25 article, FinCEN and the US Treasury Department essentially cleared the way […]

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First Party Fraud (post 4 of 4) – A Use Case

09.11.12

By Mike Betron, Infoglide VP of Marketing   Note: Today’s post is the fourth in our series on first-party fraud. The first article introduced First-Party Fraud (FPF) and explained why it is so dangerous for the banking industry. The second article provided a quantitative framework for assessing the amount of damage FPF typically causes, while […]

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Fighting First Party Fraud With Social Link Analysis (3 of 4)

09.04.12

Note: Today’s post is the third in our series on first-party fraud. The first article introduced First Party Fraud (FPF) and why it is so dangerous within the banking industry. The second article provided a quantitative framework for assessing the amount of damage FPF typically causes. In this article, we’ll take a look at how […]

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First-Party Fraud: How Do We Assess and Stop the Damage?

08.28.12

By Mike Betron, Infoglide VP of Marketing   Note: Today’s post is the second in our four-part series about first-party fraud (FPF). The first part in the series discussed how organized criminals commit first party fraud. In today’s article, we’ll take a look at the high costs of FPF and why it’s so difficult for banks […]

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First Party Fraud

08.21.12

By Mike Betron, Infoglide VP of Marketing Note: Today’s post is the first in a four-part series on first-party fraud. In this series, we’ll take a close look at what first-party fraud is, why it’s so difficult for banks to identify and block, and how Social Link Analysis (SLA) can serve as an effective and […]

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The Plight of 314(a) Compliance

07.24.12

Douglas Wood, Infoglide Senior Vice President In the months and years following the tragic events of 9/11, global governments introduced a variety of homeland security acts designed to stop the flow of money funding terrorism.  As such, Section 314(a) of the US Patriot Act was a milestone in the fight against terrorist financing and money […]

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The Company You Keep

07.05.12

By Doug Wood, Sr. VP of Sales and Services   We want to start today’s post by congratulating our good friends over at NICE Actimize for recently being named the No. 1 AML and Fraud Solution in Operational Risk and Regulation Magazine.  Though the publication itself makes no obvious mention of the award, the press […]

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