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Executive Women's Forum - Information Security, Risk Management and Privacy
Kenneth F. Belva

Reducing Online Fraud: A Banking Case

A bank in Australia is using its back-end to reduce online fraud:

The new transaction monitoring system, supplied by the EMC-owned RSA Security, scans online activity in real time to track fraud indicators and generate a “risk score” for each transaction. Customers are then authenticated by the system.

My blog entry “Toward a phishing solution, given the two-factor proxy authentication issue” discussed this in September 2006.

For lack of knowledge, I cannot comment on the exact technologies and solution but the premise seems to be correct.

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