Once bad actors discover a vulnerability in a system, the potential for fraud and other abuses snowballs. Without robust systems in place to continually identify, correct and combat weaknesses in your systems, organizations may fall a step behind those with bad intent. Criminals are constantly learning about your rules and processes and how you detect and stop fraud and you must have expert systems as well as expert resources to update the systems to evolve with the criminals’ strategies.
Assurety has helped dozens of governmental agencies and corporations use their own data and third-party sources to recognize and thwart fraud and other threats to their operations. From transactional fraud and cross-border crime to network security and other types of fraud, our teams have the experience to put in place safeguards for your data – and finances.
Our methods involve threat modeling to identify potential weaknesses and vulnerabilities in existing systems, and the use of algorithms to flag suspicious activity in real-time. And, over time, systems can learn patterns and predict suspicious activity before it happens through advanced machine learning techniques.
Once the system is in place, Assurety trains your internal staff on how to get the most out of the system, and make changes as needed — even if your staff lacks a background in data management. We help fraud experts take their skills to the next level.
Each of our projects depends on a solid risk management plan. Our experts meet with key staff to identify goals and objectives before creating a comprehensive plan and keep the team aligned.
We also identify other software, data governance and physical data capture needs and define key performance indicators that will drive the program’s methodology. The discovery phase also includes key process indicators and the creation of data and technology roadmaps to use technology to minimize the risks.
Problem Statement: The opioid crisis in Canada, which killed thousands each year, was fueled by illegal drug shipments that arrived from China, and street violence was exacerbated by illegal arms shipments from the United States. Canada Border Security Agency sought a way to detect and inspect packages deemed the most likely to contain contraband, and intercept illegal shipments proactively.
Problem Statement: A Bank wanted to develop a risk-based fraud detection platform that could predict and identify fraudulent credit card transactions in real-time.
Problem Statement: Commercial mailers get a discount for transporting their presort letters closer to the ZIP Code where the final delivery occurs, putting the long-haul transportation cost on the mailer, not USPS. However, some unscrupulous commercial mailers exploited vulnerabilities in the USPS induction system by telling the system they were dropping the mail at an induction point near the final delivery area, but would in reality drop the mail at a facility that was only a short drive from the printer. This shifted the unpaid long-haul transportation burden back to the USPS — to the tune of $1.6 billion per year. USPS did not have a data-driven, risk-based program to provide the Office of Inspector General (OIG) the information they needed to detect and counteract this fraud.
“ Assurety controlled the cost of the engagement and exhibited their data and statistical analysis capabilities, yielding actionable outcomes… ”
Mike Leahy – Commercial and Trade Branch, Canada Border Services Agency
“ The software is simple to use and it allows our staff to quickly find and fix errors in our jobs prior to uploading them. ”
James Casteel – Operations Manager
“ The initial setup was great. We had all the support we needed. It’s been great working with Assurety. ”
Alex Miller – Mailing Specialist
As a USPS contractor, Assurety defined B2B solutions for the mailing and shipping supply chain, and for the following USPS system functionalities: • Definition and development of solutions for Full-Service Intelligent Mail including: Full-Service ACS, Mail Tracking, Informed Visibility data reporting and communications, Rules for mail preparations, classification and verifications, MID/GRID creation, management and communication functionality, Qualification reports, Postage Statements, FAST appointment scheduling Content Management and B2B transactional functionality MicroStrategy OLAP reports design, Surface Visibility functionality; and The SASP (Seamless Acceptance) system.
Pritha Mehra (Vice President)