Fraud and Risk Management Services when you need them! You might remember the Bernie Madoff “Ponzi” scheme from 2008 that ripped off $18 billion from investors. Or the Enron stock scheme that cost investors billions with falsified earnings reports. The scam is named for Charles Ponzi, who invented the swindle by selling postage vouchers at an inflated value. Ponzi was arrested for that crime almost precisely 100 years ago! He wasn’t the first, and he surely won’t be the last.
But in total, more money is lost in “nickel and dime” fraud. The smaller swindles are both more common and easier to perpetrate. And while not as exciting as the big-name crimes- like the man who sold the Eiffel Tower for scrap- twice!- the smaller scams cost businesses billions of dollars.
And this was before the digital age!
In the 21st century, the Insurance Industry, Banks, Airlines, and eCommerce businesses, are targets for sophisticated hackers that work round the clock to lift money out of someone else’s pocket. Chances are you, or a family member has been a victim of fraud, either with a bank credit card or an online vendor. These instances of fraud are usually instigated by vendors, customers, employees, and those who make online fraud a career, hackers. Billions of dollars a year are looted from businesses and individuals. These crimes can cripple an expanding enterprise and reduce market value for established ones.
And usually, the first sign of fraud is after it happens! How can fraud like this be prevented?
Hire a watchdog like Rely Services!
It’s the most effective and economical way to assess your risks, and then take measures to prevent it. Fraud Detection Services. That’s where we come in. Rely Services has an experienced, highly trained team of Fraud and Risk Management Services specialists who are ready from day one to find fraud and take whatever measures needed to eliminate it. Here’s how:
- Evaluate your current vulnerabilities and your anti-fraud measures
- Find the internal and external weaknesses that might allow fraud.
- Recommend the appropriate measures to curtail the existing fraud
- Find the weak points in security and project future opportunities for fraud.
- Implement countermeasures
- Constant monitoring of your servers and networks
- Develop a detailed plan for fraud response
Fraud Detection Services
From Rely Services
We Sweat the Small Stuff!
First, let’s define “Fraud Detection Services,” so we know exactly what we’re talking about.
fraud
| frôd | noun wrongful or criminal deception intended to result in financial or personal gain: he was convicted of fraud | prosecutions for social security frauds.
A person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities: mediums exposed as tricksters and frauds.
In the world of commerce, especially online trade, fraud can be the single most destructive element of doing business, which is why you need Fraud and Risk Management Services, a systematic, coordinated plan to defeat it. Here’s what Rely Services will do:
Fraud Identification
- Build and validate predictive models for Fraud Identification
- Develop analytical tools
- Use machine learning and natural language processing software to predict fraud
Fraud Detection
- Determining fraud opportunities and the likelihood of fraud to identify potential fraud
- Collecting information from public sources to discover various tactics
Fraud Investigation
- Investigating fraudulent transactions and analyzing all aspects of it
- Compiling the results to devise effective counter-actions
- Mandating regulatory reporting and intervention
Finally.
A Partner For Fraud and Risk Management Services
Rely Services.
For over 20 years, Rely Services has provided only the best in BPO Services. And while we offer many different services, we believe that our Fraud and Risk Management Services are among the most important. Enterprises of all types and sizes suffer incredible losses to fraud every day. When discussing fraud, Rely Services has a single goal: ELIMINATE IT!
There are many benefits to partnering with Rely Services. Here’s just a few of them:
Our security services are as good as they come! We’ve never had a successful random or targeted data breach. We’ve never lost any data to power, system, server, or network failure. All of our data has multiple redundancies, so even catastrophic events will not result in a loss
We never sleep. Or at least our teams are always available to handle any problem. Call, Text, or Email. We’re here. If you have an urgent job or even assistance with some unusual circumstance, we have the people and knowledge that can help
We are always thinking outside the box. Still looking for innovation, all our services are scalable, so we always have the resources to fit your needs. And if there are slow seasons for you, we can match the activity level. If your busy seasons are crushing you now, we can ease that burden
All the actions and services we provide are an open book. We have stringent quality controls and even a dedicated team of inspectors that make sure our work for you is accurate and complete. Third-party examiners have measured our error rate at less than 0.01%
You Deserve the Best!
Using Rely Services as your Fraud and Risk Management Services partner will save you more than time and money. Since we are continually refining our business methods, our endless pursuit of perfection will benefit your operational practices and give you unparalleled protection. Contact us today for a detailed evaluation of the many ways we can make your enterprise more successful.