Heuristic account fraud detection engine
AssigneeState Farm Mutual Automobile Insurance Company
InventorsElizabeth Flowers, Puneit Dua, Eric Balota, Shanna L. Phillips
Life of this patent
Estimating the term…
Abstract
A heuristic engine includes capabilities to collect an unstructured data set and detect instances of transaction fraud in a financial account. By providing a heuristic algorithm with unstructured transaction sets and indications of particular instances of transactions that correlate with past fraudulent activity allows prevention of future occurrences of fraud. Such heuristic algorithms may learn from past indications of fraudulent activity and improve accuracy of detection of future fraud detections.
Claims20
A computer-implemented method for improving accuracy of fraudulent activity account indications associated with one or more electronic transactions, comprising:
- receiving, by a processor:
- transaction data associated with a plurality of electronic transactions,
- an indication of fraudulent activity associated with a transaction of the plurality of electronic transactions, and
- context data corresponding to the transaction, the context data indicating a user input;
- generating, by the processor, an account indication based on the indication of fraudulent activity and the context data;
- providing, by the processor, to an electronic device separate from the processor, and based on the account indication, a request for additional context data associated with the transaction;
- receiving, by the processor and based on the request, the additional context data from the electronic device;
- and
- updating, by the processor, the account indication using the additional context data.
A computer system for improving accuracy of fraudulent activity account indications associated with one or more electronic transactions, comprising a processor configured to:
- receive, by the processor:
- transaction data associated with a plurality of electronic transactions,
- an indication of fraudulent activity associated with a transaction of the plurality of electronic transactions, and
- context data corresponding to the transaction indicating a user input;
- generate, by the processor, an account indication based on the indication of fraudulent activity and the context data;
- provide, by the processor, to an electronic device separate from the processor, and based on the account indication, a request for additional context data associated with the transaction;
- receive, by the processor and based on the request, the additional context data from the electronic device;
- and
- update, by the processor, the account indication using the additional context data.
A non-transitory computer readable medium, comprising computer readable instructions for improving accuracy of fraudulent activity account indications associated with one or more electronic transactions that, when executed by at least one processor, cause the at least one processor to:
- receiving, by the at least one processor:
- transaction data associated with a plurality of electronic transactions,
- an indication of fraudulent activity associated with a transaction of the plurality of electronic transactions, and
- context data corresponding to the transaction, the context data indicating a user input;
- generating, by the at least one processor, an account indication based on the indication of fraudulent activity and the context data;
- providing, by the at least one processor, to an electronic device separate from the at least one processor, and based on the account indication, a request for additional context data associated with the transaction;
- receiving, by the at least one processor and based on the request, the additional context data from the electronic device;
- and
- updating, by the at least one processor, the account indication using the additional context data.
Dependencies are inferred from the claim text.