iovation has enhanced its offering to enable security professionals to better manage fraud prevention and comply with GDPR.
The company, which provides device reputation and behavioural insights for fraud detection and consumer authentication, has now added new capabilities to its FraudForce solution. It will enable security professionals to increase the accuracy and protection of fraud prevention rules in order to provide a ‘more streamlined and manageable process’ to fighting fraud.
Using FraudForce, its customers will be able to protect additional application points with reduced time, effort and resources associated with managing large, complex sets of policy rules according to the company.
They can also respond immediately to new threat vectors by making one change across multiple rule sets, supporting them as they keep up with the rollout of new applications and services. Additionally, these new capabilities ensure that organisations can comply with new security requirements such as those from the General Data Protection Regulation (GDPR).
“Fraud prevention and authentication are increasingly about protecting user experience while securing transactions,” said Scott Waddell, CTO, iovation. “We are introducing these user experience enhancements to make sure the security teams we serve can manage policies efficiently while guarding against unauthorised policy changes.”
The new capabilities include integration points, which provides logical mapping to help fraud teams visualise how their application is being protected. It also provides advanced rule re-use which it claims reduces the number of rules needed by as much as 98 percent.
It also provides rules staging to help companies quickly adjust fraud prevention strategies in real-time. This also allows businesses to work on their fraud prevention implementation offline. The final enhancement is rule permissions and control to battle insider fraud as well as inadvertent changes.
Headquartered in Portland, OR, iovation provides its solutions to ecommerce, financial services, gambling, gaming, insurance, online communities, and travel & ticketing industries. Its offers authentication and fraud prevention solutions for the banking and financial services industry based on powerful rules engines, machine learning, deep fraud intelligence and industry-leading device recognition technology.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
