Two Ways to Use Online Fraud Prevention to Catch the Attacks That Others Miss

The increasing sophistication of today's online fraud threats combined with the very large and growing volume of attacks against financial institutions of all sizes clearly indicate a new level of risk for banks and credit unions that cannot be mitigated with existing controls. Our fraud prevention solutions protect all account holders against the widest array of fraud attacks, including malware and non-malware schemes.

We offer a behavioral analytics-based approach that detects fraud by first modeling normal behavior for each account holder and then evaluating every online and mobile banking session for unexpected behavior that is indicative of account compromise. (See graphic for how anomaly detection works to detect fraud.)

You have two options for preventing online fraud and protecting your account holders:

FraudMAP® is a SaaS software solution that detects online fraud attacks that other solutions miss, and does so before the money is gone. Your in-house staff uses FraudMAP to monitor all online banking activity and identify specific accounts and sessions that may be compromised. And, as a SaaS-based solution, it is cost effective and easy to deploy and maintain, making it accessible for banks and credit unions of all sizes.

FraudDESK™ is a managed service that provides a Guardian Analytics fraud analyst to use FraudMAP on your behalf to protect all account holders without straining your in-house staff. With FraudDESK, our analyst will monitor all online banking sessions and alert your existing in-house fraud team of high-risk sessions or transaction request. We'll do the work. You get the credit.

This section provides information about Guardian Analytics solutions for preventing online fraud, organized as follows:

• Online Fraud Today. Today's fraudsters are professional, organized, well-funded professional criminals who are relentless in their attacks on online banking
  (Video: Financial Institutions are At War With a Formidable Enemy)
• FraudMAP. Once you understand what you're up against, you'll better appreciate why our behavior-based solution, FraudMAP, is the only way you can stop reacting and stay ahead of cyber criminals.
• FraudMAP for Retail Banking enables financial institutions to proactively detect account takeover and fraud across online consumer accounts.
• FraudMAP for Business Banking is the only application in the industry purpose-built to identify fraud attacks and facilitate investigation for the unique multi-user business banking environment.
• Behavioral Analytics. FraudMAP is an innovative approach to stopping fraud rooted in the powerful technique of behavioral analytics.Learn why focusing on individual account holder behavior, rather than fraud patterns, is the best way to stop the widest array of threats.
• FraudDESK. New service prevents online and mobile banking fraud with minimal demands on in-house staff.
• SaaS Deployment. FraudMAP is delivered as a service and therefore is easy to deploy, delivering rapid time to security with no ongoing maintenance costs.
• Benefits. Read about the benefits and advantages of FraudMAP, including what makes us uniquely capable of stopping attacks that other defenses miss.