Products & Services: Fraud Consulting

Hundreds of millions of dollars are lost to fraud annually. With the proliferation of sophisticated counterfeit operations and the abundance of personal and credit card data readily available, fraud has become both more commonplace and better disguised. Fraud, and its losses, are significantly impacting bottom-line revenue. Only Fair Isaac has the people, the commitment to fraud control and the industry experience to accurately assess your fraud managment and re-engineer your processes. 

Optimizing business practices to reduce fraud loss 

The Fair Isaac Fraud Consulting Group can act as your interim fraud manager, lead your operations through the engagement period, and upon completion transfer knowledge back to you.

How and why it works...

The Fair Isaac Fraud Consulting Group utilizes a modular approach to create a fraud-reduction solution that best meets your needs and budget. Fraud Response module programs evaluate – in different levels of detail – areas of fraud risk and potential opportunities.

Fraud Consulting Offerings:

  • Health Check — A Health Check offers a quick assessment of your fraud-management operations and provides a benchmark of your performance relative to your industry.
  • Fraud-Reduction Workshop — Fair Isaac consultants will visit your site to assess your fraud operations and fraud-management strategies. Based on their expert analysis, a 20-to-30-page Executive Summary will be created that details key opportunities for fraud reduction and how a Fair Isaac partnership can implement those fraud-reduction operations.
  • Fraud Situation Analysis — Fair Isaac's most comprehensive preliminary engagement provides you with detailed analysis of each area of the fraud lifecycle from prevention to recovery.
  • Fraud-Reduction Partnership — This program dedicates Fair Isaac consultants to your site for a specific engagement period. The consultants work closely with your operations and strategy teams to implement best practices that drive superior fraud management results.

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