Fraud

WIDESPREAD, INSIDIOUS, AND COSTLY

Each year the economy loses billions of dollars to fraud. In the aggregate, fraud costs businesses about two percent of their annual revenue, and in some industries much more. The ability to quickly expose attempted fraud can often mean the difference between profit and loss.

UNCOVER FRAUD RINGS WITH AI

Fraud may begin with a single individual, but usually doesn’t end there. With the right anti-fraud platform in place, analysts can quickly pinpoint improper relationships or illicit activities to expose wrongdoers. Leveraging AI-driven capabilities to process vast amounts of unstructured data can provide actionable insights – insights can yield the information needed to uncover a fraud ring or reveal an unknown suspect that leads to a breakthrough in a stalled investigation.

THWARTING AN INSURANCE SCAM

Recently, several pharmacy owners in a large city were identified as members of a scheme in which Federal health care and private insurance companies were defrauded of more than $400 million. The complex plan, conceived by industry insiders, involved fraudulent prescriptions written by corrupt doctors, money laundering and kickbacks.

Fraud on this scale requires the cooperation of many individuals. Analysts using Voyager Labs’ technology were able to recreate this network, and in a matter of hours identify relationships that took investigators months to unearth, even among co-conspirators who on the surface did not appear to be connected. With the automated insights provided by the unique technology, analysts not only discovered improper relationships but also uncovered content that suggested that this group was involved in illicit activity.

THE BENEFITS

Condense investigation times

Turn weeks of data sifting into minutes.

Reveal hidden insights

Instantly gain actionable, otherwise-unattainable insights about individuals, groups or topics, including key and hidden connections.

Harness publicly available data in near real time

Act on the most relevant and current information.

Share knowledge

Cooperate across teams, departments, jurisdictions - and databases. Integrate with your existing systems.

Start immediately

Straightforward and quick to deploy – on average, two days of training yields immediate intelligence generation.

Automated, AI-driven insights

Enhance your investigations with actionable insights on individuals, groups and topics.

VoyagerAnalytics

AI-driven In-depth Analysis Platform

VoyagerCheck

AI-driven Automated Assessment

VoyagerVision

Computer Vision with Augmented Analytics