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Anomaly detection solution for mobile banking

Net Security

Friday, April 27, 2012 - 09:53

Guardian Analytics announced FraudMAP Mobile, the company's latest fraud prevention innovation, purpose-built to identify suspicious mobile banking activity.

Guardian Analytics announced FraudMAP Mobile, the company's latest fraud prevention innovation, purpose-built to identify suspicious mobile banking activity. 

The solution uses anomaly detection across the triple play of mobile banking- SMS, mobile Web and mobile applications - to provide a critical layer of security that protects financial institutions and their mobile banking users. It also provides the anomaly detection capabilities expected by the FFIEC for all electronic banking channels.

Cybercriminals are escalating their attacks on mobile phones using SMS messaging, malicious mobile applications disguised as legitimate application, and criminal-controlled Wi-Fi networks. Experts predict their activity will increase in 2012.

FraudMAP Mobile provides financial institutions with an advanced and effective approach to protecting mobile and tablet banking users. Built using the same behavioral analytics that protects online account holders at over 150 financial institutions, it is the first anomaly detection solution purpose-built for the mobile banking channel.  

Read the full story by clicking the link below
http://www.net-security.org/secworld.php?id=12825
 
Tags: Mobile Banking, Americas, Security, Fraud, FraudMAP Mobile, Guardian Analytics

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