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OS mapping data to identify fraud

UK: OS OpenData, Ordnance Survey (OS) mapping data are now freely available for financial services companies to help identify patterns in fraud and aid intelligent decision making. To demonstrate the potential, OS has created a series of fraud maps that match statistics from a leading industry body to their geographic locations. The result is a striking and revealing representation of the peaks and troughs of the British fraud landscape.

Sarah Adams, Banking and Finance Sector Manager, OS, said, “When you view this type of data as a huge spreadsheet the patterns are very hard to detect. Yet as soon as you apply a geographic context it immediately becomes clear where change is occurring, and a bank or insurance firm can then take the appropriate action based on their exposure.”

Among the datasets are Code‑Point Open, which provides a geographic marker for every postcode area in the country and Boundary‑Line, which maps the nation’s definitive administrative boundary framework. Both are key to the creation of the fraud maps and are now available as part of OS OpenData.

The fraud maps reveal some dramatic changes, including in West Berkshire, which has seen a large fall in fraud between 2008 and 2009, and in Edinburgh, where incidents of ID fraud have almost halved.  

Fraud data are supplied by Credit Industry Fraud Avoidance System (CIFAS). It is the UK’s fraud prevention service, with 265 Member organisations spread across banking, credit cards, asset finance, retail credit, mail order, insurance, investment management, telecommunications, factoring and share dealing. Members share information on frauds in the fight to prevent further fraud. CIFAS is unique and was the first data sharing scheme of its type in the world.

To help banks and insurers to better understand the benefits of using OS OpenData, Ordnance Survey is also holding a series of free half‑day seminars across the country.
Dates and venues:
– On June 16, Radisson Blu Hotel, Birmingham.
– On June 22, Leeds Marriott Hotel.
– On June 29, ABI, City of London.

One can register for the seminar at www.ordnancesurvey.co.uk/useopendata.

Source: Ordnance Survey