Guardian Analytics Positioned in the Visionaries Quadrant for Web Fraud Detection Magic Quadrant

Evaluation Based on Completeness of Vision and Ability to Execute

LOS ALTOS, Calif., February 24, 2009—Guardian Analytics, a provider of online account fraud prevention software for financial services institutions, today announced it has been positioned by Gartner, Inc. in the Visionaries quadrant in the 'Web Fraud Detection Magic Quadrant' report. Gartner defines the Web Fraud Detection market as "composed of vendors that provide software products or services that help an organization detect and prevent fraud that occurs over the Web."

According to the report, Web fraud detection vendors use one of two basic methodologies for catching fraud - rule-based or mathematically predictive behavioral scoring techniques. Gartner's Avivah Litan states in the February 6 report that the latter is more effective at catching fraud than a rule-based approach.

Guardian Analytics' FraudMAP® detects when online accounts have been compromised as a result of phishing, malware or social engineering tactics by cybercriminals. It offers fraud detection, forensics and ongoing risk monitoring based on strong analytics and mathematically predictive models of individual behavior. Guardian Analytics' proprietary Dynamic Account Modeling™ technology models all individual online account holder activity session by session, from login to logout, to detect suspicious actions and flag behaviors inconsistent with predicted account holder activities. FraudMAP makes anti-fraud efforts proactive and optimizes financial institutions' limited resources by identifying and containing fraud incidents before losses occur.

"We believe our position in the visionaries quadrant by Gartner is confirmation that Guardian Analytics' fraud and identity theft prevention techniques are truly innovative and our overall strategy meets the needs of the market," said Tom Miltonberger, CEO of Guardian Analytics. "Compromised online accounts are often the gateway to many different types of fraud and identity theft and our solution helps customers stay ahead of this growing threat.""

About the Magic Quadrant
The Magic Quadrant is copyrighted February 6, 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Guardian Analytics
Headquartered in Los Altos, Calif., Guardian Analytics is focused on the prevention of online account fraud. The company's real-time risk management approach to fraud detection, forensics and risk monitoring is built on strong analytics and predictive models of individual behavior. Leading financial services institutions rely on Guardian Analytics to protect individual account assets and the integrity of their online channels. Founded in 2005, Guardian Analytics is privately held with venture funding from Foundation Capital. For more information, please visit www.guardiananalytics.com.

 

For press inquiries, please contact:

Shannon Walsh
Bateman Group
for Guardian Analytics guardian@bateman-group.com
415-503-1818, ext. 27