The database and fraud technology utilizes proprietary algorithms to detect and identify suspicious payees.
Concerned about computer fraud, theft of proprietary company software and industrial espionage, American companies will spend $6.3 billion on computer security this year, according to DataQuest.
One article looked at proprietary colleges being investigated for fraud by state and federal governments.
Seventy-five percent of the 563 corporations, financial institutions, government agencies and universities that CSI surveyed claimed financial losses because of security breaches everything from sabotage to fraud to theft of proprietary information to computer viruses.
A 1997 survey on computer crime and security conducted by the Computer Security Institute (CSI), with questions furnished by the FBI, found that 75% of the 563 companies, government agencies and universities that CSI surveyed reported financial losses because of security breaches everything from sabotage to fraud to theft of proprietary information to computer viruses.
"We tried other fraud tools and indicators, both proprietary and third-party, that were only marginally effective and still required a lot of operational overhead," says Colin Sims, COO of Delivery.com.com
Mitnick, who broke into countless computers to steal trade secrets and proprietary software, was convicted of computer and wire fraud.
Trustev provides real time online identity verification using its proprietary social fingerprinting technology, to help combat online ecommerce fraud.
Is selling access to proprietary information to those willing to pay a premium a species of fraud when it allows traders to reap profits at the expense of those unwilling to pay the premium?
There are perhaps no more serious consequences around Theranos' fraud than for patients, who took tests on the company's proprietary Edison machines and received inaccurate and at times faked results.
