5. The system according to claim 1 , wherein the event detection processor comprises an entity identification processor configured to analyze at least the transcript of the monitored telephone conversation to identify one or more entities mentioned during the monitored telephone conversation, further comprising at least one entity database coupled to the event detection processor.
5. The system according to claim 1 , wherein the event detection processor comprises an entity identification processor configured to analyze at least the transcript of the monitored telephone conversation to identify one or more entities mentioned during the monitored telephone conversation, further comprising at least one entity database coupled to the event detection processor. 9. The system according to claim 5 , wherein the entity identification processor is configured to apply one or more heuristic algorithms to at least the transcript of the monitored telephone conversation to heuristically identify one or more entities mentioned during the monitored telephone conversation.