Webinar: Guardian Analytics and Ponemon Institute Reveal Study Results Showing How Fraud Impacts Banks’ Relationships with Business Customers

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Webinar will educate banks on the how to protect themselves and their customers from the latest cyber criminal attacks on business bank accounts

Guardian Analytics, the innovator in predictive analytics-based fraud prevention software, will host a free educational webinar next Wednesday, March 17 at 3:30 p.m. EDT on BankInfoSecurity.com entitled “Fraud Prevention Strategies for 2010: How to Protect Your Customers...and Your Business.” The webinar will feature Terry Austin, CEO of Guardian Analytics, and Larry Ponemon, founder and chairman of independent research firm Ponemon Institute. Together, they will review groundbreaking results from the 2010 Business Banking Trust Study, the first comprehensive study that exposes the scope of online banking fraud attacks against businesses, how businesses’ perceptions of online banking security affects their relationships with banks, and the impact this has on banks’ bottom lines.

To register, visit http://www.bankinfosecurity.com/webinarsDetails.php?webinarID=171

Among other study findings that will be revealed during the webinar, 40 percent of businesses that experience fraud move some or all their business banking accounts elsewhere. More than half report experiencing a fraud attack in the past year, and in 80 percent of fraud cases, banks fail to detect fraudulent activity prior to a transaction. The webinar will provide detailed explanations of how cyber criminals have been able to bypass banks’ existing security measures to commit schemes such as wire and ACH fraud. Attendees will learn how proactive solutions such as behavioral account modeling and predictive analytics can successfully thwart these fraud attempts before money transfer occurs.

The webinar will also be broadcast on Wednesday, March 31 at 1:00 p.m. EDT.

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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Shannon Walsh
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