Credit Card fraud - seeing the bigger picture, understanding the extent of the crime

A major international credit card provider was being targeted by as syndicated fraud organisation. Company credit cards were being issued to fraudulently set up UK companies. The initial investigation uncovered a small number - 15 - companies that had been set up to perpetrate the fraud. The crime was growing geometrically and every day the problem increased. The issue was to understand the crime in detail i.e. how was the crime actually being conducted which would enable the credit company to implement new protection rules and to fully understand the extent of the network so that erroneously issued cards could be rescinded. The investigation team turned to Antelect to resolve these questions. Within 24 hours the data had been integrated to the Antelect repository and the investigation team were instantly able to make use of the visualisation and filtering tools. The resulting research that took under 3 days to complete in Antelect showed that the network of companies was approximately 250 many of which had yet to use the credit cards issued to them. By showing the bigger picture of all the companies on a single screen and discernable pattern of type, directors and locations was visible, resolving the issue of protection.

Why Antelect?

• Speed of application to the data
• Power of the visualisation tool to see the bigger picture and expose the patterns
• Ease of use of the tool - getting trained investigators up to speed on the features took less than one day
• Industry standard technology that could be easily supported