So we are pondering how to go about fraud analysis real time.
One thing currently holding us back is that all the key fields are encrypted (obviously). How do you go about doing fraud analysis with such seemingly high overhead?
My question to you is, do you know of any fraud related off-the-shelf tools or libraries out there? Preferably written in PL/SQL, but Java or C will do as well.
What kind of fraud? - credit card, receipt, identity? what domain.. point of sale, e-commerce?
ReplyDeleteHow much needs to be encrypted?
So, so many questions...
Yeah, I was lacking in specifics wasn't I?
ReplyDeleteCredit Card specifically. The idea is to be able to approve instant credit real time.
I think timeten with java , could be a good start.
ReplyDeleteand that may be where it lives, in memory that is.
ReplyDeletebut i'm looking for a pl/sql library or something along those lines. There has to be a tool out there somewhere that we could look at...
Encrypted? Is it some external facility? DBMS_Crypto? Transparent Data Encryption?
ReplyDeleteIf you are 11g, then do tablespace encryption!
Also, approve the transaction in real time or approve them for an actual credit card or credit limit increase?
ReplyDeleteIf the transaction, there is a 3rd party product called Falcon that is really good. Or better yet, I have a fraud guy with actuary skills and good IT skills who can write just about anything that you are looking for : )...
He was a math major in college and he does our fraud!