Firms under attack need to be able to join together all conceivable sources of information in order to try and piece together what is going on. In 1967 the technology didn’t exist to enable this, allowing Frank Abagnale Jr. to live a life of luxury...for a while anyway…
Over the last 20 years, Qlik has developed its associative engine which is designed specifically to join together seemingly unrelated data on a multitude of subjects and to identify where those associations exist. Banks are using it to detect credit card fraud: showing the links between people, cards, vendors, locations, and types of transactions. The fraudsters change their tactics on a daily basis, but it doesn’t matter. The associative engine can keep track of any additional clues - no matter how remotely associated.
Insurance companies have a similar problem. Fraudsters take out policies purely to use them to make fraudulent claims, but Qlik’s associative engine can pick up on the signals that used to be impossible to detect, and use them to find the needle in the haystack.
So things are getting tougher for the fraudster, and better for the rest of us. Catching the criminals can seem like looking for the needle in a haystack, but with an associative engine that haystack just got much smaller.