Software Solutions for Banks to Increase Data Security

The pandemic landscape and how it fuelled banking fraud

Counterfeit cards – the criminal uses the information from the magnetic stripe to create a fake card

Card ID theft – the criminal uses stolen personal information and card details to take over an account

Unauthorised remote banking – the criminal obtains access to a bank account via remote banking channels (mobile, Internet, or telephone banking) and makes unauthorised money transfers.

Malicious redirection – when the victim tries to make a payment to a legitimate payee, the criminal convinces him/her to redirect payment to a controlled account

Software solutions to identify and prevent banking frauds and scams

24/7 managed threat response

AI-driven analysis to detect and investigate suspicious activity

Advanced ransomware protection technologies able to disrupt the entire attack chain

Prevents exploit-based attacks

Detects and prevents techniques such as credential theft, APC, or code cave utilization

Offers central, cloud-based management

Thanks to its AI and ML-powered analytic methods, customers can not only evaluate the risks of new apps but can also rapidly detect manipulated, stolen, or synthetic identities

Uses ML and data analytics to monitor suspicious behaviour and patterns, thus minimizing the risks of account takeovers

Prevents synthetic identity fraud by generating real-time alerts

Reduces the risk of e-commerce payments fraud by detecting fraudulent shopping behaviours

Uses predictive analytics and anomaly detection to identify new types of fraud

Wrap up