Authentication is important, but just isn’t enough anymore to counter the increasingly stealthy methods cybercriminals are using to perpetrate Internet banking fraud.
Los Altos, CA (PRWEB) December 14, 2009
Guardian Analytics, a provider of online fraud prevention software for the financial services industry, will host a free educational webinar tomorrow, Dec. 15, from 10-11 a.m. PST entitled "Authentication: The Weak Link in the Battle Against Fraud."
In recent months, the FBI, FDIC, FS-ISAC, Gartner and other organizations all have all issued alerts on the rise in cybercriminal attacks targeting online bank accounts, indicating that many financial institutions' existing security systems have not been effective. In the webinar, Guardian Analytics will provide an overview of the methods fraudsters are using today to repeatedly bypass multiple forms of strong authentication and compromise online banking accounts. The webinar will also cover the latest statistics on the growth of online banking fraud, and how building a layered security approach that includes both front-end and back-end security will strengthen defenses and protect against fraud.
"Authentication is important, but just isn't enough anymore to counter the increasingly stealthy methods cybercriminals are using to perpetrate Internet banking fraud," said Terry Austin, CEO of Guardian Analytics. "Millions of dollars are lost each year due to a false sense of security, calling for more sophisticated solutions that can keep pace with cybercriminal activity as it matures."
To register for tomorrow's webinar, visit https://www2.gotomeeting.com/register/407898034.
About Guardian Analytics
Headquartered in Los Altos, Calif., Guardian Analytics is focused on the prevention of online account fraud. The company's real-time risk management approach to fraud detection, forensics and risk monitoring is built on strong analytics and predictive models of individual behavior. Leading financial services institutions rely on Guardian Analytics to protect individual account assets and the integrity of their online channels. Founded in 2005, Guardian Analytics is privately held with venture funding from Foundation Capital. For more information, please visit http://www.guardiananalytics.com.
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