Data Analytics to Fight Postal & Parcel Fraud

Fraudulent practices may occur in any business. Assurety’s expertise lies in federal government, parcel & post, cross border eCommerce, banking and financial, customs, retail, higher education, and direct mail industries. We have developed backend systems with statistical and regressions models to allow us to quickly tweak our models based on the criteria and priorities after performing ETL as well as co-variance and co-relation and regression analysis against the client’s data. The goal is to have a solution already developed by Assurety be available in a few months to the client to allow them to save revenues, lives, and taxes.

Identification of fraudulent parcels is a growing concern for delivery organizations and border customs agencies. Drugs, firearms, illegal animal parts and more are shipped using mail and parcels. These counterfeit products devalue intellectual property and skirt taxes. Fraudulent mail results in an underpayment of customs and postage fees. The impacts of fraudulent parcels to the health of society, to taxation, and revenue cannot be understated.

Field experts can use intuition and experience to intercept such contraband. However, using field operatives for fraud interdiction is unsustainable due to human error, temptation, and the sheer scale of most customs and shipping environments.

Identification of Credit Card and identity fraud is a multibillion-dollar problem in the US alone. It impacts banks bottom line and impacts citizens whose information has been mis-used or stolen. Banking analysts can utilize our referral dashboards and review automatically flagged transactions for further investigations.

Businesses and organizations must develop and implement risk-based programs using predictive models using their empirical examples to predict the likelihood that mail is fraudulent or contains contraband. A data-driven model will now be required to handle the high (and growing) volume of e-commerce mailings. The journey also includes using more relevant data sources to increase risk-based scores and improve field performance.

Machine learning and risk-based predictive identification platforms will save millions of dollars in the mailing and parcel supply chain, cut operational costs, and stop crime across state and international borders while saving thousands of lives yearly.

Credit Card fraud comprises of about $190 Billion of overall fraud in the United States. Our solution can be tweaked to provide a ready-to-go backend platform with data structures and statistical models for specific financial institutions. Cutting time of development and deployment into half and provide risk-based detection and reporting for the business analysts who need help in using rules-based as well as arbitrary rules to detect fraud and stop it proactively. We can help you develop and enhance your risk-based fraud detection programs.

The US and Canadian governments lose revenues in customs while Posts lose revenues in postage amounting to hundreds of millions of dollars a year. Our solution provides a ready-to-go backend platform with existing data structures and statistical models. Cutting time of development and deployment into half and easily tailored for the needs of a specific parcel and post-delivery organization. Providing risk-based detection and reporting for the OIG, Revenue Investigations, Customs and border agencies who need help in using rules-based as well as arbitrary rules to detect fraud and stop it proactively. We can help you develop and enhance your risk-based fraud detection programs.

In 2017 alone, over 72,000 Americans died of an overdose, with much of the volume in illicit drugs coming from across borders. We can stop this severe impact on our families and society while securing revenues.

Our solution provides a ready-to-go backend platform with existing data structures and statistical models. Cutting time of development and deployment into half and easily tailored for the needs of a specific parcel and post-delivery organization. Providing risk-based detection and reporting for the field who cannot deal manually with the overwhelming influx of packages from overseas and domestic parcel activity. We can help you develop and enhance your risk-based fraud detection programs.