DefenseStorm announced the addition of CyberFraud to its product offerings, providing an integrated solution for Information Security and BSA/AML Fraud departments in a single platform to prevent losses and protect account holders.
With CyberFraud, alerts are delivered in real-time to block activity, perform step-up authentication and/or route for human investigation.
The DefenseStorm GRID provides investigation tools for deep analysis, links threats across multiple accounts and sources, gathers evidence for SAR reporting, enables on-the-fly strategy configuration and streamlines dashboard reporting.
This allows a financial institution (FI) to proactively detect and immediately respond to account takeover attempts, fraudulent loan applications, ACH/PTP/Wire fraud and money laundering activity.
“Malicious attacks against the banking sector are up over 200% year over year,” said Steve Soukup, chief executive officer of DefenseStorm.
“This increase is not ..
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