Beating Fraudsters at Their Own Game With Fraud Reduction Intelligence Platforms
- LANGUAGE: English DATE: Wednesday, May 13, 2020 TIME: 4:00pm CEST, 10:00am EDT, 7:00am PDT
Fraud continues to be a major challenge for many organizations today. Industries such as finance, banks, payments, insurance, gaming, telecommunications, health care, etc. are dealing with increasing amounts of fraud and escalating sophistication of attacks. Account Takeovers (ATOs), synthetic fraud, and bots are a pervasive problem and continue to drain revenue from many businesses.
KuppingerCole has identified a range of solutions that are designed to help customer organizations reduce online fraud. This market segment is called Fraud Reduction Intelligence Platforms, or FRIP. FRIP solutions collect a myriad of signals, analyze them in real-time, and indicate to their consuming clients which transactions may be fraudulent. Vendors in the FRIP space process large volumes of data, employ Machine Learning algorithms and models, and constantly adapt to the changing threatscape.
Join this webinar where we will
- discuss the different forms of fraud that business face today and the different detection and mitigation techniques that FRIP vendors use
- review the results of the recently published Leadership Compass on FRIP solutions
- describe the key evaluation criteria that companies should use when conducting RFPs for FRIP solutions.
John Tolbert, Lead Analyst at KuppingerCole, will discuss the different types of fraud businesses are facing today, provide an overview of the market for Fraud Reduction Intelligence Platforms, and show the results of the latest Leadership Compass on FRIP technologies.
Ayelet Avni, Offering Management Strategy Lead, IBM Security Trusteer, will present how Trusteer addresses modern digital fraud threats including by establishing full digital identity context, applying machine learning and human analysis, and continuously assessing risk throughout the user journey.
Traditional security defenses are no match for today’s well-funded attackers, while disruptive technologies, like Cloud and IoT, introduce new vulnerabilities to exploit. IBM Security, with 8,000 professionals in 133 countries, delivers an immune system of security technology to detect and prevent threats and respond quickly and completely to breaches. During the past decade, IBM has invested more than $2 billion on security research and development, resulting in 3,700+ security-related patents, and acquired 20 security companies to build out its portfolio. Today, IBM Security addresses the evolving security landscape and 17,000 clients’ most critical needs with AI innovation in the cloud and intelligent orchestration. To learn how, please visit ibm.com/security.
Data is widely considered the “new oil" because data has great value and provides direct and secondary revenue streams. But, also like oil, data can leak from organizations that depend on it. Therefore, data security and the prevention of data leakage is imperative for business as well as regulatory compliance reasons.