In its updated guidance issued June 2011, the FFIEC specifically identified anomaly detection as one of the two minimum components of a layered security program required for any financial institution offering online banking (see page 5!).
We recently released an Anomaly Detection Toolkit to help educate financial institutions on the topic. Here is our infographic on what anomaly detection is, how it works to detect fraud attacks, and how financial institutions can respond to any anomalous, or suspicious, online banking activity.
We here at Guardian Analytics know a little something about anomaly detection. We’ve pioneered use of this technology to detect online banking fraud, and currently deliver this powerful capability to about 150 banks and credit unions – day in and day out.
If you want to hear this graphic come to life, here’s a video with voiceover that explains the whole process.
(click to enlarge the infographic in a new window)
