System, method and computer-accessible medium for fraud detection based on satellite relays

A non-transitory computer-accessible medium having stored thereon computer-executable instructions, wherein, when a computer hardware arrangement executes the instructions, the computer arrangement is configured to perform procedures comprising:

• receiving first information related to a plurality of satellites;
• determining a geographic area associated with a network coverage area for each of the satellites;
• receiving second information related to a first transaction associated with a financial account, wherein the second information includes a first date and a first time associated with the first transaction;
• determining a first geographic area for the first transaction based on the network coverage area of a first one of the satellites through which the first transaction took place and the second information;
• receiving third information related to a second transaction associated with the financial account, wherein the third information includes a second date and a second time associated with the second transaction;
• determining a second geographic area for the second transaction based on the network coverage area of a second one of the satellites through which the second transaction took place and the third information;
• and
• flagging the second transaction as potentially fraudulent based on the first geographic area and the second geographic area.

A non-transitory computer-accessible medium having stored thereon computer-executable instructions, wherein, when a computer hardware arrangement executes the instructions, the computer arrangement is configured to perform procedures comprising:

• receiving first information related to a first transaction associated with a financial account;
• determining a first geographic area associated with the first transaction based on a first network coverage area associated with a first satellite through which the first transaction took place;
• receiving second information related to a second transaction associated with the financial account;
• determining a second geographic area associated with the second transaction based on a second network coverage area associated with a second satellite through which the second transaction took place, wherein the first satellite is different than the second satellite;
• determining (i) an elapsed time between the first transaction and the second transaction and (ii) a distance between the first geographic area and the second geographic area;
• determining a likelihood of a person travelling the distance in the elapsed amount of time;
• and
• flagging the second transaction as potentially fraudulent based on the likelihood.