Solution Brief

FRAUD DETECTION AND PREVENTION

Faster, Smarter, Real-Time Fraud Protection

Fend off fraud with faster and smarter fraud detection and prevention. With Confluent, you can uniquely combine
and process all of your data at scale to identify abnormal patterns, detect malicious behavior, and prevent andcombat fraud as it happens, in real time.

No matter your industry, fraud is a real risk to your business and organization. Yet, despite spending millions of dollars on “next-gen”
tools, the industry is still losing billions of dollars in fraud losses. Your existing tools and techniques don’t work. Why? Because they lackcontext and have insufficient relevant data in a timely fashion for a timely response. So, what can you do about mitigating the possible
impact of fraud on your organization? Leading organizations like Capital One, Instacart, and Bank Rakyat Indonesia turned to Confluent.
With Confluent, you can fight fraud with real-time fraud detection and prevention. By combining structured transactional data (e.g.,funds transfer amount) with unstructured contextual data (e.g., user geolocation) in the form of historical data and real-time events,
you can maintain a “fraud threat score” for every user in your systems which can be updated continuously and shared across every
application, system, or team that needs it. You can take action across the entire fraud value chain—from deterrence and prevention todetection and investigation, to handling disputes. Design the technology foundation required to build a fraud and security Fusion Centerfor your organization.
Route

Website Logs (HTTP)

EnrichFilterFraud Tools(FICO, Actimize… )Authentication Logs
User Actions Database

ML/AI(BigQuery, Databricks… )Branch and ATM data
Transactions

SIEM Tools(Splunk, Elastic… )JoinGovernDetect

Improve fraud detection with full contextual data
The key to successful fraud detection and prevention lies in the real-

Proactively detect compromise with real-time
analytics

time visibility of customer behaviors. By fusing the latest relevant

Fraudsters don’t wait for you. When trying to protect against fraud,datasets, you can optimize your fraud models with a 360° view

time is critical. Relying on batch processes to identify fraud after theof every touchpoint on a customer account to dynamically create

fact will do nothing to alleviate the business costs that the fraud caused.

appropriate threat scores and react with speed and accuracy when

Working with real-time data and events will allow you to identify fraud

anomalies arise.

as it happens and potentially stop it in its tracks. Whether drawing

With Confluent, you can combine real-time, historical, structured,and unstructured data in a common platform. Unlike traditionalon data from real-time events, logs, or even historical data, temporalawareness is fundamental to proactively detect compromise.

batch-based systems, Confluent enables you to act on the most up-

By processing all your aggregated data in real time, you benefit fromto-date information by continuously capturing and processing every

continuous updates and reactions to fraud threat score changes.

customer interaction, event, and change to data streams.

With Confluent, you can make valuable decisions within a pertinent
timeframe. You have the flexibility to consume contextual data in real

© 2023 Confluent, Inc. | Confluent.io

time for greater accuracy in responsiveness, down to milliseconds.

1Solution Brief | Faster and Smarter Event-Driven Fraud Protection

Understand and share fraud threat history
with a full audit trail

Bring fraud and security teams together witha fusion center

Fraudulent activity can also come to light over time. For example,

While the boundaries of fraud, threat and cybersecurity areblurring, fraud teams have operated independently fromcybersecurity teams. Fraud teams often look at structured
transactional data for indicators of fraud, while cybersecurity
teams look at analytics-oriented SIEM tools to inspect log dataand other unstructured sources for incident investigation andresolution. The key to advancing your organizations security
posture is to bring together fraud, financial crime and cybersecurity operations with a platform approach that provides
a timely, consistent, contextual view of all your data in yourenvironment.

account takeover fraud may not manifest itself initially when an
account is hacked. However, the perpetrator may implement theirfraud scheme over time. It becomes critical then to not just see
fraud in real time but also to understand, audit, and share the full
history of activities that have occurred.
With Confluent being immutable by design, you have an
indisputable record that an event took place as well as every
subsequent related event. This persistent layer of truth is mappedto every entity on your platform to create the real-time “fraudthreat score” or “threat vector” that you need. And you can easily
share this threat information with other teams and applications
within your enterprise.

To build a true real-time view of the threat landscape, top-tierenterprises are creating fusion centers to implement knowledge
sharing across cybersecurity, fraud, and information security
teams. At the core of these fusion centers, Confluent is usedas the critical data foundation, providing a continuous loop ofblended data streams sourced from all teams.

Confluent Features
Connect

Process

Aggregate data and real-time eventsfrom multiple sources to build yourcustomers’ identity

Continuously enrich and analyze data
to create real-time fraud indicatorsand threat scoresUse 120+ pre-built connectors to allow
the consumption of data from bothstructured and unstructured data
sources for full transaction context.
Build your customer’s identity byincorporating transactional andcontextual data in real time or fromthe past for a full view of behavior
patterns.

Curate, enrich, and filter your in-flightdata with stateless and statefulstream processing through ksqlDB
and Apache Kafka® Streams. Power
your AI/ML tools with real-time data
streams to train and apply the rightmodels to keep fraud threat scores up
to date for every customer with every
single interaction.

Share
Produce and share a consistentview of the data to connect people
and teams for a well-orchestrated
response
Facilitate a rapid fraud response by
sharing data with the right teams,in the right format, at the right timewith a decoupled architecture, an
immutable sequence of data records,
and an infinite storage subsystem.

®

We look at events as running our business.
Business people within our organization
want to be able to react to events—andoftentimes it’s a combination of events.
– vp of streaming data engineering

Confluent Platform and Apache Kafka,
by enabling us to build and deploy realtime event-driven systems for credit
scoring, have helped BRI become the mostprofitable bank in Indonesia.

Watch the online talk– kaspar situmorang, executive vice president
at bank rakyat indonesia

When I think of our first few wins thatwe’ve got with Confluent, the one thatstands out to me is fraud.
– nate kupp, director of engineering
at instacart

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