Banks and credit unions of all sizes are the target of unrelenting and sophisticated fraud attacks against electronic banking channels. Furthermore, cyber criminals repeatedly have demonstrated their ability to install a wide range of malware on computers and mobile devices, compromise accounts, and defeat all types ofauthentication – multi-factor, out of band, one-time passwords, and tokens.
Our industry-leading electronic banking fraud prevention solution,FraudMAP®,is proven to stop the widest array of fraud attacks, malware and schemes.
More financial institutions use FraudMAP than any other fraud prevention solution to protect their retail and commercial banking customers. They use it to proactively detect and stop online and mobile banking fraud and detect fraudulent ACH transactions before the money is gone.
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This graphic shows how FIs use anomaly detection to detect and respond to fraud attacks. To learn more, download our Anomaly Detection Toolkit.
Our proprietary behavior-based anomaly detection capability, Dynamic Account Modeling, automatically checks all activity against demonstrated normal behavior to identify anomalous or unexpected activity that could be indicative of fraud.Anomaly detection has proven itself to be so effective that the FFIEC included it in its June 2011 Guidance Supplement as a minimum expectation for layered security.
FraudMAP is available as:
Conform to the FFIEC requirement for layered security that includes anomaly detection and improved control of administrative functions, which applies to all electronic banking including online, mobile and ACH channels.
FraudMAP Wire offers risk-based fraud prevention for real-time wire processing. Reduce manual reviews while improving client service.
This brochure describes FraudMAP and how it works to detect anomaly activity that could be indicative of fraud.
Request a live, personalized online demonstration of how FraudMAP uses behavioral analytics to stop fraud attacks.