Patent ID: 7841526

Claim:
A method for correlating known loss data with on-line sales offers to detect suspicious activity, the method comprising: providing a loss database including known loss data records; providing an item watch list based on the loss database; collecting sales activity data records based on offers to sell the items on the watch list to the public; storing the sales activity data records in a sales activity database; searching the loss database and the sales activity database to identify at least one loss data record and at least one sales data record relating to the same watched item; obtaining a first parameter associated with the at least one sales data record; obtaining a second parameter associated with the at least one loss data record; comparing the first parameter and the second parameter; calculating a correlation value based on the comparison of the first parameter and the second parameter; identifying an item match when the correlation value exceeds a predetermined threshold value; and responsive to discovering the at least one matching item, generating a suspicious activity report.