18472401. SYSTEM AND METHOD FOR GENERATING FRAUD RULE CRITERIA (The Toronto-Dominion Bank)
SYSTEM AND METHOD FOR GENERATING FRAUD RULE CRITERIA
Organization Name
Inventor(s)
Gabriel Kabo Tsang of Markham CA
SYSTEM AND METHOD FOR GENERATING FRAUD RULE CRITERIA
This abstract first appeared for US patent application 18472401 titled 'SYSTEM AND METHOD FOR GENERATING FRAUD RULE CRITERIA
Original Abstract Submitted
A computer system comprises at least one processor; and a memory coupled to the at least one processor and storing processor-executable instructions which, when executed by the at least one processor, configure the at least one processor to create a first set of training data that includes data flagged as fraud and data flagged as not fraud; categorize the first set of training data into a number of first groups; for each first group, calculate at least one metric; compare the at least one metric to a number of first cutoff values; select a first cutoff value that generates a maximum performance output as a first threshold; flag at least one first group that has the at least one metric below the first threshold as risky; and generate fraud rule criteria based on the at least one first group.
