A Revolutionary Approach to Online Fraud Detection

Guardian Analytics FraudMAP® provides a high impact, quick to deploy technology that answers the shortcomings of the last generation of online fraud detection solutions. It supports a frictionless online customer experience by isolating and containing fraud incidents with zero impact to customers. It moves fraud detection technology to a more strategic level, making it part of an institution’s overall risk management process.

Advantages of FraudMAP

• Provides maximum detection with minimal alerts
  Dynamic, model-based analysis of in-session account activity “does the math”–piecing together what are by themselves very weak indicators of fraud into a powerful fraud score.  Our predictive activity models are unique for each account holder.  This analysis produces more accurate risk scoring, reduces and focuses alert rates, and ultimately returns a more manageable number of suspicious incidents for fraud team resources to scrutinize.
• Speeds fraud investigation and forensics for quick resolution
  FraudMAP’s behavioral analysis results in a rich history of online customer activity and visual analytics that speed investigation and forensics.  An investigator can assess a fraud threat in seconds, in context, without combing through logs of data. The solution correlates similar activity across accounts to isolate a fraudster at work. It detects online account reconnaissance activities by fraudsters before multi-channel fraud transactions occur.
• Automatically intercepts new fraud schemes
  Because of our predictive models of individual customer behavior, the solution detects when an account has been compromised regardless of the specific fraudster method employed. It immediately detects when the online user isn’t who they say they are by modeling individual activity session by session.
• Detects suspicious online activities that other solutions miss
  Because it monitors all account activity from login to logout, FraudMAP doesn’t need a suspicious transaction to red flag potential fraud. The solution extends the frontline protections of user authentication to catch seemingly benign activities such as simply viewing sensitive information or altering a personal profile.
• Requires no rules development or algorithm training
  Our solution releases your security team from the maintenance burden common with most rule-based fraud detection technologies. FraudMAP’s Dynamic Account Modeling technology automatically adjusts to the changing behavior of both customers and fraudsters. It isn’t even dependent on actual transactions to detect fraudulent activity.

FraudMAP was developed specifically with financial institutions and online risk management in mind so it takes a holistic, cross functional approach to risk mitigation. The value of the Risk Application extends beyond the fraud team to aid front line operational employees with immediate threat assessment.  It supports long term performance measurement and regulatory compliance mandates with auditable results. For example, FraudMAP quickly reveals evidence of identity theft to contribute to the overall effectiveness of an institution’s Red Flag ID theft prevention programs.

"Amazingly streamlined and robust backend tool to monitor online account activity. On the first look, looks like a must have for any security analyst."