Category: Fraud Detection

GeoIP and Geo-Targeting

Posted on 09/08/09 No Comments

Lately I have been busy with a web-based geo-targeting project.   For those of you not familiar with geo-targeting, the deeper you get into geo-targeting, the more you realize how important and interesting it is. Geo-targeting is used for fraud detection, personalization, ad-targeting, content-delivery, and more.   In addition, the same basic concept is used [...]

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Creative E-Trade and Similar Salami Scams – Ignorance is Bliss

Posted on 05/22/09 1 Comment

Here is one of my favorite news stories of the week, Guilty Plea for Man Behind Creative E-Trade Scam. In this funny story, Michael Largent, 23, of Plumas Lake, CA, wrote a simple  Internet script that opened more than 58,000 online accounts at places like E-trade and Schwab.   Largent used fake names to automatically [...]

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CEP: A Technology Behind The Power Curve

Posted on 03/16/09 1 Comment

It was almost three years ago when I was introduced to the buzzword “complex event processing” by good friends and colleagues at TIBCO Software.  At TIBCO (before and during my time there) we always discussed how “real-time event processing” would be a technology to address “the needle in the haystack” detection problems in the big [...]

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Predicting Events with Logistic Regression

Posted on 01/27/09 19 Comments

In earlier post, CEP by Apache Mahout via the Google MapReduce Framework and Apache Mahout: Real-Time Decisioning in the MapReduce Framework, we started to look at the Google MadReduce framework and the planned analytics of the Apache Mahout development team.  In this post, we will look at the first algorithm mentioned by the Mahout team, [...]

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Twenty Four CEP Public Presentations on SlideShare

Posted on 11/03/08 2 Comments

For archiving purposes, I have uploaded 24 public CEP presentations that I presented over an 18 month period at various conferences from March 14, 2006 to September 21, 2007.  These presentations can be viewed here.  For example, my first public CEP presentation: View SlideShare presentation or Upload your own. (tags: event processing) So far, I [...]

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Fraud Detection in Financial Services Reloaded

Posted on 09/20/08 2 Comments

I read an interesting post by the former CTO of out-of-business Kaskad Technology, where event processing colleague Colin Clark respectfully disagrees with my assessment of the (lack of) capabilites in current-generation “CEP engines” for detecting complex fraud in financial services.  I’ll respond with a quote from my September 2007 post,  End Users Should Define the CEP Market. “Experienced [...]

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CEP is Not BPM, BAM, BRE, BRMS or SOA

Posted on 08/27/08 24 Comments

A post in  Technology content of current CEP products? reminds me of why I rarely, if ever, agree with anything that comes out of Aleri’s marketing team.   To fair to Jeff, it is not only Aleri but others, who continually misdefine business process management (BPM) as CEP. Jeff uses the example, “Smart Order Routing” as an example [...]

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Technology Tales from Thailand: KBank Fraud Management

Posted on 08/20/08 No Comments

In The Magical ATM Card and SMS Message in Thailand we talked about booking flights and securely paying using a SMS PayCode and ATM transfer, avoiding the possibility of on-line credit card fraud; and in Keyloggers: Why Banks Need Two-Factor Authentication I described how KBank uses SMS-based one-time-passwords (OTP) to authenticate transactions.    In addition to the above [...]

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CEP and Analytics

Posted on 08/19/08 No Comments

Peter Lin comments in A Complex Event = Sum (Events) + Situational Knowledge, continuing the discussion by asking ”What is the definition of analytics? Is it purely a calculation, or something else?” A good place to being to look for clues to an answer is Wikipedia, where the opinion of the author there is,  ”A simple and practical definition, [...]

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A Blast from the Past: Processing Patterns for Predictive Business, March 2006

Posted on 07/09/08 No Comments

For readers interested in complex event processing and a few of the challenges the industry faces, here is a presentation from 28 months back called Processing Patterns for Predictive Business.   This presentation was delivered at the first Workshop on Event Processing – Presentations at IBM Research Labs, Yorktown Heights, March 14-16th 2006. The same key points of [...]

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