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Surveillance Efficiency for Common Lexicon Triggers

Shieldu2019s approach focuses on the three Cu2019s: Content, Context, and Characteristics. Content isnu2019t simply analyzed by looking for keywords. Watch the infographic for more information and visit us at https://bit.ly/31N86Ta

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Surveillance Efficiency for Common Lexicon Triggers

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  1. SHIELDFC SURVEILLANCE EFFICIENCY FOR COMMONLEXICONTRIGGERS Lexicon-baseddetectioninelectronic communicationscanbeabitlikeusinga sledgehammertocrackanut. Sure, italmostgetsthe jobdone, butcreateshugeinefficienciesand potentialsrisks. Whenitcomestolexicon-based detection, builtaroundalertsthataretriggeredwhen certainkeywordsareused, oneofthebiggest problemsistheenormousnumberoffalsepositives thattypicallyreturn. Thismakesthealertsthatresult fromitvirtuallyasineffectiveashavingnoalertsatall. MASSIVE NUMBERS OF FALSE POSITIVES Thiscancausefirmstoscaledowntheinputparametersoronlyreview %sof thetotalcommunications, leavinggaps, andthereforeunseenrisks. Overtime, lexicon-basedandmanualsystems haveonlybecomelessfittingforthejob. Communicationchanges, whetheritbelanguage that’sreinventedorthegrowingnumberof communicationchannelsthatorganizationsare obligedtomonitor. SPENDING ON COMPLIANCE IS RAMPING UP Today, financialinstitutionsarespendingmoreon compliancethanever. AccordingtoaRisk ManagementAssociationsurvey, 50% offirmsthat respondedsaidtheyspentbetween6-10% of revenueoncostsrelatedtocompliance. Bigfirms frequentlyspendtheequivalentof $10,000per employee — infirmsthatcanemploymany thousandsofemployees. SHIELD AND ITS FOCUS Shield’sapproachfocusesonthethreeC’s: Content, Context, and Characteristics. Contentisn’tsimplyanalyzedbylookingforkeywords. It employsavarietyoftextanalysistoolsincludingtokenization, stemming, fuzzy matching, AIalgorithms, andExpertDrivenRules, inadditiontoShield’s proprietarymultilinguallexicons, whichcanbetailoredtoclients’ specificpain points. Context, meanwhile, usesmachinelearningandadvancedNatural LanguageProcessing (NLP) toolstodeterminethecontextofspecificcomments withahighlevelofprecision. Finally, Characteristicsmeansusingdata enrichmenttoolstobuildupamorecompletepictureofcomms, including accurateprofilesofthecommunicatingparties. + + = CHARACT- ERISTICS THREE C’S CONTENT CONTEXT Theresultsareagame-changerwhenit comestosurveillance. https://www.shieldfc.com/

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