Fraud Detection

Since our beginnings in Australia in February 2002, RISQ has assisted our clients in designing mitigation strategies aimed at detecting fraud before it occurs. We believe it is far better to shut the gate before the horse bolts!!

Having developed dozens of fraud detection processes over the last 10 years, RISQ has teamed up with our technology partners to imbed our knowledge of fraud into their technology offerings. These technology solutions can detect fraud through the:

•       Monitoring of transactions to establish patterns which appear to meet known fraud profiles;
•       Analysis of data (such as vendor master files, payroll records etc.) to uncover “red flags” which suggest fraud has occurred or is occurring in these areas; and
•       Use of statistical pattern recognition methodology to track behaviour history and historical patterns for fraudulent and non- fraudulent transactions.

Recognising the need for technology solutions that are as near to “real time” as possible, RISQ has worked with our technology partners to develop solutions designed to identify fraud at the front end, to prevent losses at the back end.