Company Filing History:
Years Active: 2003
Title: Michael B Farrar: Innovator in Fraud Detection Technology
Introduction
Michael B Farrar is a notable inventor based in Marblehead, MA (US). He has made significant contributions to the field of fraud detection through his innovative patent. With a focus on telecommunications activity, Farrar's work aims to enhance the effectiveness of fraud investigations.
Latest Patents
Farrar holds a patent for an "Event manager for use in fraud detection." This system receives data related to telecommunications activity and generates events that indicate the likelihood of fraud. Each event is assigned a weight that reflects its potential risk. The aggregated events for a subject, such as a subscriber or account, determine a score that prioritizes the subject in an investigation queue. This method allows human analysts to focus their resources on high-risk subscribers and events, thereby improving the efficiency of fraud investigations.
Career Highlights
Farrar's career is marked by his dedication to developing technologies that address critical issues in fraud detection. His innovative approach has led to the creation of a system that not only identifies potential fraud but also streamlines the investigation process. This advancement is crucial in a world where telecommunications fraud is increasingly sophisticated.
Collaborations
Farrar has worked alongside talented individuals such as Michael Adam Perfit and Darin L Buchanan. Their collaboration has contributed to the development of effective solutions in the realm of fraud detection.
Conclusion
Michael B Farrar's contributions to fraud detection technology exemplify the impact of innovation in safeguarding telecommunications. His patent reflects a commitment to enhancing investigative processes and prioritizing resources effectively.