Fraudulent practices may occur in any business. Assurety’s expertise lies in federal government, parcel & post, cross border eCommerce, banking and financial, customs, retail, higher education, and direct mail industries. We have developed backend systems with statistical and regressions models to allow us to quickly tweak our models based on the criteria and priorities after performing ETL as well as co-variance and co-relation and regression analysis against the client’s data. The goal is to have a solution already developed by Assurety be available in a few months to the client to allow them to save revenues, lives, and taxes.
Identification of fraudulent parcels is a growing concern for delivery organizations and border customs agencies. Drugs, firearms, illegal animal parts and more are shipped using mail and parcels. These counterfeit products devalue intellectual property and skirt taxes. Fraudulent mail results in an underpayment of customs and postage fees. The impacts of fraudulent parcels to the health of society, to taxation, and revenue cannot be understated.
Field experts can use intuition and experience to intercept such contraband. However, using field operatives for fraud interdiction is unsustainable due to human error, temptation, and the sheer scale of most customs and shipping environments.
Identification of Credit Card and identity fraud is a multibillion-dollar problem in the US alone. It impacts banks bottom line and impacts citizens whose information has been mis-used or stolen. Banking analysts can utilize our referral dashboards and review automatically flagged transactions for further investigations.