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Anomaly detection

Do you have a lot of data and do you need to profit from it? Anomaly detection methods save our customers money where they thought they would not invent anything.

Anomaly detection is a rapidly developing area that drives big enthusiasm among companies and finds application in many areas from marketing, banking, insurance to medicine and technology (robotics, aviation, etc.).

Do you have a lot of data and need to profit from it? Are you concerned about fraudulent customer behavior? Or do you need to look for anomalies in the tangle of production data? Anomaly detection methods save our customers money where they thought they would not invent anything. Literally from the computer, we discovered fraudulent behavior or rare events and saved clients' costs.

Your data is the key to profit in the digital era when efficiency is high. Do not waste fraudulent customers, identify suspicious behavior or anomalies in production data. The investment in data has to start paying off, so let's make a profit from it together.

Anomaly detection examples

  • Marketing. Today, it is no longer enough to segment customers into a few core segments when personalization is essential. We will find atypical clients together and an ideal offer for them.
  • Fraud. The most popular area for anomaly detection because its benefits are immediate. You no longer have to worry about which client is fair to you and which is a fraud. We will find them for you and you will save your nerves and money.
  • Mistakes. We find errors in the flood of text and anomalies in the flood of production data.

Banking

Typically, fraud detection comes from the banking sector. A withdrawal of 300 Euros in Cambodia is a good example. You may have the experience that such a payment/withdrawal was rejected. This may happen due to e.g., real-time evaluation of your bank that rejects the transaction because there is a high chance of e.g. a copied card to your account, based on an evaluation based on some set indicators.

Here we can mention the balance model in terms of accuracy, precision and recall. I.e. in some cases it is better if a VALID transaction gets rejected if there is a certain degree of a risk of fraud. This will make you unhappy if you indeed want to withdraw money. On the other hand, it will please you if it is a scam.

Telco

Telco operators use anomaly detection for e.g. SIM SWAP or SIM Cloning detection.

This is used on the black market: a SIM card is cloned and then used either to make calls from third countries and the customers receives hefty bills. Sometimes phone calls are made in the same country and the customer may not even notice and the perpetrator uses the operator's services for free. Perpetrators may discuss illegal business the SIM card is tracked down to an innocent individual. CDR (Call detail records) are commonly used for this purpose.

Healthcare

The general goal of anomaly detection in healthcare is to identify fraudulent behavior of healthcare providers or any suspicious claims made in respect of healthcare interventions.

Usually, this can be achieved by collecting data from different sources (claims, geographic/demographic data, etc.) and by using statistical methods and machine learning algorithms such data is labeled as non-anomalous. Data marked as anomalous may lead to identifying potential fraudulent behavior of healthcare providers or fraudulent schemes involving various participants (healthcare providers, pharmacies, insurees).

Examples of outcomes:

  • Detecting suspicious behavior between healthcare providers (physician – pharmacy).
  • Detecting suspicious claims in respect of specific medicines using unified statistical analysis.
  • And more

Typical benefits can include:

  • Reduced time for assessment of claims for healthcare intervention.
  • Identification of fraudulent schemes (e.g. patient sharing) which may lead to significant cost reduction for healthcare insurance companies.
  • Cost reduction in respect of ad-hoc interventions provided by non-standard healthcare providers.

Data is constantly improving and data amounts are constantly increasing. Fraudsters keep up with the trend. Therefore, fraud prevention needs to constantly improve.

We detected fraudulent electricity consumers and health insurance frauds. Today's technological world offers continuous improvement of measured data and the amounts of data are on the rise. In addition, the ingenuity of the scammers and their adaptation to current defense schemes also brings an urgent need to improve anomaly detection techniques. Your defense measure portfolio should not fall short of current fraud detection needs. Whatever is your business sector, anomaly detection can bring you many benefits.

Get more info today, start implementing tomorrow.

Thank you

We will contact you as soon as possible.

Ondřej Vaněk

CEO Blindspot Solutions