Patent ID: 8412605

Claim:
An apparatus for risk management, the apparatus comprising: a computing platform including at least one processor and a memory; a risk database stored in the memory and configured to receive financial institution data, from a plurality of financial institutions via a network, wherein the financial institution data includes negative file data and transaction data associated with a plurality of financial institution products and a plurality of financial institution channels, and wherein the financial institution data includes risk patterns correlated with suspicious activity and identity theft incidents; and a suspicious activity monitoring routine stored in the memory, executable by the processor and configured to (1) analytically monitor the financial institution data and, as a result of the monitoring, identify suspicious activity and theft incident, (2) receive an identity theft query and determine, based on the query, whether a queried one of a transaction, a person or an entity represents a likely identity theft incident; and (3) initiate a risk management action in response to identification of the suspicious activity or in response to confirmation of the likely identity theft incident.