Internet Banking Fraud
INTERNET BANKING FRAUD
High speed internet and mobile devices increased customers’ appetite for on-demand services. All financial institutions in Kenya provide internet banking services, giving way to cyber-attacks.
Fraud Solutions
Current situation | Solution Offered
Organization's Situation
Current challenges & pain points
No real time fraud detection.
Inability to manage
header reuse, bad cookies, session hijacking, bad referral URLs, bad countries, bad credit card verifications, DDoS.
Internet banking silence challenge
Silos – multiple channels and inability to cross-reference and discover relationships between suspicious entities.
Risk exposure
on fraud loss and reputation damage.
No or incomplete case manager
incident investigation puzzle and weak evidence.
The Solution Offers
How we address each challenge
User and entity behavioral profiling and scoring
analytic engine that provides a highly flexible and adaptable data model which supports advanced calculations and correlations in real-time.
Device profiling
i.e , Geo-location, time, browser, operating system, card type, country, IP, IMEI etc, for correlation and scoring.
Real time transaction blocking
Hold/Block/Release mechanism.
Integration capabilities
ability to infuse with all applications and process hundreds of millions of web requests per day.
Simplicity in rule management
ability to create custom rules without IT effort.
Robust case manager
with complete audit trail and link analysis.