Fraud is nothing new to government agencies. They’ve been dealing with it for decades. What’s changed though are two key issues
Why fraudsters are successful
Fraud is continually evolving as perpetrators come up with new schemes. Prevention solutions that were effective just a few months ago may be inadequate today.
Some solutions can catch one type of fraud but not others. And with more services being offered online than ever before, new vulnerabilities emerge, as well as weaknesses in security that previously didn’t exist when face-to-face meetings were the norm.
To keep up, government agencies need solutions that offer threat detection and prevention and are able to evolve along with fraud
The problem with most fraud remedies
Most threat detection and prevention platforms have shortcomings that make them impractical or ineffective. The complaints are many:
With so many challenges on multiple fronts, it’s easy to see how government agencies struggle to get the upper hand on fraud without losing sight of their core mission.
An identity fraud solution that works
Agencies must defend against identity-based threats if they’re going to prevent fraud, stop improper payments, strengthen the integrity of their programs and maintain public trust. That defense requires a complete, accurate picture of identity information, one that encompasses data sharing, data analytics and data visualization.
Our Risk Intelligence Network helps government agencies strengthen their fraud protection by defending against the full range of current and emerging identity fraud threats.
The platform links and integrates data from multiple sources including internal agency data, large-scale external identity data sets and contributed intelligence across government. Shared intelligence makes all the difference. It gives agencies a much wider view into known risky identities, behaviors and fraud schemes.
The benefits of that intense scrutiny are significant. Agencies using the Risk Intelligence Network can:
A full complement of features
What makes our data solution so effective is the clarity it brings to assessing the level of risk associated with each identity. The information is comprehensive, easy to understand, and fully actionable.
Investigative intelligence can inform front-end identity authentication. It’s far better to identify and stop fraudsters from entering your eco-system than to try to find them once they’ve become embedded.
Various forms of visualization take the guessing out of the equation, providing a precise picture of risk. Cross-program risk identification prevents fraudsters from entering through one door when they’ve already been rightfully closed out of another.
Finally, flagged behaviors, rules and analytics deliver additional insights and remove judgment calls from risk assessment.
Leveraging data from multiple sources
The Risk Intelligence Network leverages the vast data resources of LexisNexis Risk Solutions combined with our proprietary analytics and advanced linking technology. The data sources feeding the network include:
With our platform, government agencies gain the exponential strength of the entire network. The result is a practical, thorough, end-to-end, identity solution that can help government agencies prevent fraud in their programs, saving millions of tax dollars annually.
Want to know more? Check out our brochure on the LexisNexis® Risk Intelligence Network.