For the last several years, Compubahn has leveraged its strong expertise in security, vulnerability analysis and fraud detection in the public sector and applied it in the financial sector. Compubahn’s offerings in the financial sector are:
Anti-Phishing and Fraud Detection Solutions
Rapid growth in online banking and commerce has brought increasing sophistication in Internet fraud activities. Threats from phishing, trojans, key logging, and proxy attacks place online security at a premium. Identity theft and account takeover have grown virtually unchecked and include increasingly effective schemes that defraud financial transaction entities and their customers. In addition to causing potentially large monetary losses, fraud against financial institutions can also subvert customer confidence and lead to significant damage to reputation and brand. Financial institutions are under pressure due to specific regulatory mandates to proactively detect and prevent fraud and secure customer data.
Compubahn provides key capabilities and a comprehensive solution that addresses the problems of fraud detection, authentication and phishing. The solution provides strong authentication, mutual authentication, proactive real-time risk monitoring and fraud detection, and real-time reporting and analysis. The salient features of fraud detection, authentication and anti-phishing solution are as follows:
Fraud Detection
Rules for real-time fraud detection
Detecting anomalies
Thorough analysis of historical data
Advanced statistical analysis
Incorporate array of factors
Geography
Historical and recent transaction behavior
Transactional trail through heterogeneous databases
Advanced statistical analysis
Not just use of Bell Curves
Reduce noise and false positives
Minimize manual intervention
Comprehensive transaction risk assessment
Scores risk and alerts the management
Capable of triggering numerous follow up actions
Forensic analysis of audit data
Authentication and Anti-Phishing
Multi-factor authentication protocols