Event Tracing Apparatus for Cross-Network Fraud Detection
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Solution Overview
Problem
In modern communication networks, tracing electronic interactions between entities across different networks is challenging due to varying technical capabilities and the lack of a single network controller overseeing interactions between entities in different networks, making it difficult to efficiently track and store connections between entities, especially in cases of fraudulent transactions where funds are rapidly dispersed across multiple bank accounts.
Innovation Solution
A method and apparatus that receive electronic messages, determine if a record of an event exists, and if not, check for subsequent events initiated by the same party within a predetermined time to store associations between parties, creating dispersion trees to trace and identify fraudulent transactions efficiently across different networks.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If electronic messages are exchanged between entities in different communication networks, then the volume and speed of communication increase, but the ability to trace and track interactions deteriorates due to lack of centralized control
Solution Approach 1:
The patent introduces an intermediary tracing system that acts as a mediator between different communication networks. This system receives notifications from multiple network controllers about electronic messages, correlates them using a unified tracing mechanism, and stores the interactions in a centralized database, enabling traceability across networks without requiring centralized control of the networks themselves.
Solution Approach 2:
The tracing system is designed with universal functionality to handle diverse electronic messages from different communication networks with varying technical capabilities. It can process and correlate messages from multiple sources using a common tracing approach, making the system adaptable to heterogeneous network environments while maintaining consistent tracing capabilities.
2Reliability
If network controllers oversee communication within their own networks, then communication control within each network is effective, but the ability to trace interactions across different networks deteriorates due to fragmented control
Solution Approach 1:
The tracing system is segmented into independent components: notification receivers from multiple network controllers, a correlation engine that processes notifications, and a centralized database. Each network controller continues to operate independently within its own network, while the tracing system collects and correlates their notifications without requiring them to merge their control functions.
Solution Approach 2:
The tracing system serves as an intermediary that receives notifications from multiple independent network controllers without requiring them to change their internal control mechanisms. It correlates the notifications from these separate sources to reconstruct cross-network interactions, maintaining the independence and reliability of each network controller while enabling unified tracing.
3Adaptability or versatility
If multiple types of electronic interactions occur between entities, then the diversity and versatility of communication increase, but the difficulty of constructing and storing a uniform view of connections deteriorates
Solution Approach 1:
The tracing system applies a homogeneous data structure and correlation approach to store all types of electronic interactions uniformly. Regardless of the specific type of electronic message or interaction, the system uses consistent fields and methods to record and correlate them, enabling a unified view of connections across diverse interaction types without requiring separate storage mechanisms for each type.
Data Source
AI summary
An apparatus for storing a set of events, is provided, the apparatus comprising one or more circuitry configured to: receive an electronic message comprising information of a first event between a first party and a second party, the first event being initiated by the first party; determine whether a record of the first event exists in a first storage unit; wherein when it is determined that the record of the first event does not exist, the one or more circuitry is configured to: determine whether any subsequent events between the second party and a third party are initiated by the second party within a predetermined time of the first event; and store an association between the second party and a first set of events, the first set of events comprising the first event and the subsequent event, in a second storage unit, when the subsequent event is initiated within the predetermined time.