News

PostFinance uses Splunk Enterprise to prevent fraud

Tuesday 10 May 2016 10:45 CET | News

PostFinance has announced the use of Splunk Enterprise as the platform to help protect its customers, online banking portal and payments processing solutions. 

The Switzerland-based bank utilizes the Splunk platform to help find, analyze and respond to known, unknown and hidden threats found in its data, as well as to detect potentially fraudulent debit card transactions.

Splunk Enterprise helps monitor the company’s online banking portal, used by 1,6 million customers. When PostFinance is alerted to a potential threat such as a phishing attack, the security team replicates the attack and analyzes the data it generates in Splunk Enterprise. This enables the team to detect any patterns, review historical data and helps to inform decisions about what action to take next.

The service also enables the payments services team to view transactions and revenue of merchants over a set period of time through a dashboard based on Splunk Enterprise.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: fraud, payments , online transactions, online banking, debit card, PostFinance, Splunk
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime