Patent ID: 7716135
Filing Date: 2010-05-11
Classification: G06Q

Abstract:
1. A computer implemented method, in a data processing system, for detecting fraud, the computer implemented method comprising: a plurality of steps performed by a processor in the data processing system, the plurality of steps comprising: receiving a set of historical data stored in a customer behavior database; identifying a plurality of control points in the set of historical data using a data analysis module, further comprising: building at least one data model based on the plurality of control points, further comprising: receiving a set of updated data, wherein the set of updated data includes a plurality of current data stored in the customer behavior database; identifying one or more new control points based on the set of updated data using the data analysis module, further comprising: adjusting the at least one data model to form an adjusted fence, within the at least one data model, based on the one or more new control points, wherein the at least one data model is refined for a plurality of iterations, further comprising: verifying a transaction based on the adjusted fence.