System, method and computer program product for assessing risk of identity theft
AssigneeID Insight Incorporated
InventorsRobert T. Clark, Adam Elliott
Life of this patent
Estimating the term…
Abstract
In one embodiment, this invention analyzes demographic data that is associated with a specific street address when presented as an address change on an existing account or an address included on a new account application when that address is different from the reference address (e.g., a credit bureau type header data). The old or reference address and the new address, the new account application address or fulfillment address demographic attributes are gathered, analyzed, compared for divergence and scaled to reflect the relative fraud risk.
Claims20
1-33. (canceled)
A method for assessing a risk of identity theft fraud with respect to new applications, comprising:
- receiving first address information relating to an applicant for an account;
- and
- using demographic data relating to the address information.
A method for assessing a risk of fraud, comprising:
- using demographic attributes of street addresses to predict the risk of fraud, wherein the act of using comprises analyzing differences between demographic attributes of the addresses.
A method for determining whether an account request for a change of address from an applicant involves fraud, comprising:
- receiving a request to change an address of an account, said request including an old address and a new address of the applicant;
- obtaining demographic data based on the old address of the applicant;
- obtaining demographic data based on the new address of the applicant;
- calculating a differential between the demographic data based on the old address of the applicant and the demographic data based on the new address of the applicant;
- and
- calculating a score for the request based on the differential, the score indicating whether the request may involve fraud.
Dependencies are inferred from the claim text.