OPTimum Leads ID Theft

Uncover the Identity Theft that Currently Resides Within your Claims

The Problem

The Solution: OPTimum ID Theft

Identity theft has become commonplace in the digital world. Fraudsters have developed complex schemes that leverage high-quality personally identifiable information (PII) to file fraudulent unemployment insurance claims. The ID Theft FraudXTM solution is part of our proven suite of expert data analysis, management, and fraud prevention tools. Leveraging Machine Learning technology and data science, ID Theft FraudXTM is specifically designed to use data collected by Unemployment Insurance (UI) Agencies to help identify claims that are highly indicative of identity theft behavior – including larger-scale fraud schemes. ID Theft FraudXTM is designed to be agile so that it can quickly adapt to ever-evolving fraud schemes.   

How Can SWAs Benefit from ID Theft?

  Initial and continued claims. Data gathered during the claims process is used by the FraudX algorithm to discern patterns indicative of organized fraud. Attributes typically used include mailing address, IP address, and bank account number.

  Adjudication/Investigations. Agents can use the claimant’s score on the ID Theft report as an indicator of the likelihood that the identity is stolen. Agents can also drill into the data to look for patterns and expand leads.

  Efficient use of staff is maximized as cases most likely to be fraud will consistently have the highest risk scores.

  For collections, it lowers the amount of outstanding balances.

  For Adjudication it can be used to resolve cases where ERs respond to wage and separation, also a reduced workload

Key Features

The attributes used by the algorithm, as well as the relative weights given to individual attributes, can be adjusted based on individual state characteristics as well as the accuracy of results returned as the report is run.

  Ease of Use – staff are given ranked leads and a multitude of data points that allow them to clear most of the investigation within the FraudX

The attributes used by the algorithm, as well as the relative weights given to individual attributes, can be adjusted based on individual state characteristics as well as the accuracy of results returned as the report is run.

  With Case management, most of the investigatory work can be done within the fraudX. The product provides investigators with the ability to drill into the data to look for patterns and expand leads

The attributes used by the algorithm, as well as the relative weights given to individual attributes, can be adjusted based on individual state characteristics as well as the accuracy of results returned as the report is run.

Streamline Activation

SWA’s can have an instance of On Point’s Identity Proofing application activated and stopping fraud within days. The OPTimum Integrity Cloud suite was architected with the ability for rapid deployment within a state workforce agency.  Months-long implementations are a thing of the past

Hosted or On Premise

The OPTimum Integrity Cloud is designed to allow the Identity Proofing layer to be readily hosted in a cloud solution on the Amazon Web Services (AWS) FedRamp certified GovCloud environment or “on-premises” in a state’s public or private cloud solution. OPTimum AWS hosted cloud solutions can be spun-up quickly and securely. The On Point cloud environment can scale rapidly as the state claims load increases. If an on-premise deployment is preferred, the OnPoint technical team will work with the state team or IaaS provider to size and set up the required environments with the required knowledge transfer.

Network Diagram

Act Now And Save Millions

Fraud continues at record levels while trust funds are dangerously low and being depleted at an unprecedented rate. OPTimum Integrity Cloud with Identity Proofing will have an immediate impact on stopping fraud. Book a virtual demonstration today by calling 866.482.0189 or emailing info@onpointtech.com. We look forward to demonstrating how we can help transform fraud detection in your state.

Why On Point Technology? 

 

For our entire 30-year existence UI has been and continues to be our focus and 100% of On Point Technology’s business, that is all we do.

STATE A – Benefits and Tax ID Theft FraudX
— During a controlled pilot and estimate
$2,500,000 of potential Overpayments were detected
$19,000,000 OP overpayments prevented

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From Business Process Analysis to Data Migration,
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