The newly launched NFDS will monitor and analyze online transactions for abnormal behaviours and protect financial institutions and users against web fraud. The NFDS solution collects information to create a pattern DNA for each online banking client and detects patterns and blocks the transactions. Administrators are alerted of policy rule violations and reports and statistics are available for regulatory compliance and auditing.
Financial institutions can monitor the online banking client’s geo-location to IP address to be used to create individual analysis of pattern. By selecting more in-depth information such as the client’s operating system, MAC address and proxy IP, financial institutions have a higher probability of blocking fraudulent transactions and tracking down online fraudsters.
Detecting online banking fraud and taking actions after they occur can cost financial institutions a lot of money. Once online fraudsters have already made fraudulent transfers, financial institutions may not be able to recover the lost money. Often malware used by fraudsters target specific financial institutions infecting several clients at once, the financial loss can be high and brand significantly damaged.
nProtect delivers security capabilities for mobile devices, including smartphones and tablets, against mobile threats using malware monitoring, anti-phishing and application protection, key pad protection, Wi-Fi access control and many other features to protect users and reduce the risks of identity theft and fraudulent mobile transactions. Over 100 million endpoint users from more than 1,020 organizations rely on nProtect’s online security solutions.
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