Fraud Management

Fraud is virtually a permanent threat to provider operations and financials. Today’s challenges center on the combined realities that:

1. The financial incentives for fraud are increasing
2. The availability of tools and forums to improve fraudster capabilities and methods are prolific
3. The financial cost to providers is escalating at a time when revenues and margins are under constantly increasing pressure

Lavastorm’s Fraud Management solution provides the intelligence, granularity and analytic strength to detect and address fraud. Our fraud solution provides both a fully packaged fraud management system as well as an adjunct fraud analytic module, providing:

1. Near real-time fraud detection and management to intervene on fraud events to reduce exposure, enable resolution to recover losses, and put in place alarms to focus immediate attention on suspects
2. An analytic module that integrates with and enhances pre-existing fraud management systems, overcoming their inherent flexibility limitations and therefore allowing providers to economically advance their fraud profiling, detection and resolution capabilities.