To detect suspicious actions and flag behaviors inconsistent with predicted account holder behavior
Guardian Analytics, a provider of online fraud prevention software for the financial services industry, has announced that California-based Cathay Bank has implemented its FraudMAP to help protect its customer accounts from internet banking fraud.
Reportedly, FraudMAP delivers fraud prevention through accurate detection, actionable analysis and increased visibility into suspicious online activity. It has added that its account modeling technology models all individual online account holder activity session by session, from login to logout, to detect suspicious actions and flag behaviors inconsistent with predicted account holder behavior.
Terry Austin, president and CEO, Guardian Analytics, said: “With larger balances than individuals, business accounts represent an increasingly attractive target to criminals. It is no surprise that forward-thinking banks serving business customers are increasingly seeking more robust security for their online platforms. We are proud to assist Cathay Bank protect its customers’ assets.”