Fraud, Waste, & Abuse

Fraud, Waste, and Abuse

Fraud is a serious and ever-growing threat to the integrity of government programs and corporate profitability. Government programs suffer from widespread fraud and improper payments. Corporations are victimized by internal and external bad actors who damage their reputation and bottom line. The proliferation of web-based commerce has introduced new fraud threats, such as identity theft, which have exploited the lack of face to face transactions and the ability to verify the legitimacy of the involved parties.

At FedCentric, we specialize in real-time analytics to identify fraud, develop preventive efforts, and focus investigative resources on the biggest schemes in their early stages. Our success in providing real-time analytics for the US Postal Service helped minimize revenue losses from postage fraud by alerting the USPS to instances of counterfeited and short-paid postage in near real-time. In addition to decreasing fraud, this highly successful approach resulted in expanded use of our real-time analytics for other USPS applications which resulted in further substantial savings.

FedCentric’s success is centered on our High-Density Computing (HPC) and memory-centric database (MCDB) architecture which affords incredible increases in processing speed compared to conventional methods. Increased processing speeds allow us to perform real-time or near real-time analytics which identifies fraud, prevent payment, and alert investigative resources.

Our staff has a cadre of former federal investigators with extensive histories in investigating frauds perpetrated against government programs, businesses, and individuals. In combination with our qualified personnel in cyber security, graph theory, and machine learning, we can build state-of-the-art fraud prevention, detection and investigation systems that operate in real-time without affecting the timeframes necessary for validating transactions or processing payments.

FedCentric’s fraud investigative expertise provides the insight from decades of experience with the most up-to-date analytical tools. This provides real-time fraud analytics that will reduce losses and increase the efficiency of prevention and investigative efforts.