ArcSight FraudView Pricing
As consumers become more comfortable with online financial services, the sheer number of transactions and amount of money handled via the internet has exploded. This has brought an equally large boom in online fraud. Today’s online banking customer faces financial risk from bots, viruses, hackers and phishers. In fact, growth in fraud may derail online financial services if widespread fraud can’t be stopped.
Gartner Group recently stated that 7.5 percent of all U.S. adults lost money to some form of financial fraud in 2008. Recent examples include:
ArcSight FraudView detects and prevents online fraud by evaluating and scoring financial transactions in real time. Unlike legacy fraud prevention technologies, ArcSight FraudView can correlate activity across multiple banking channels, to detect sophisticated fraud schemes that span online, ATM, telephone and bank branch activity.
- Bots executing “Man in the Browser” attacks to steal funds during fully-authenticated sessions
- Phishing attacks to capture authentication credentials
- Payment card number theft and illegal purchases online using stolen account numbers
ArcSight FraudView can also aggregate information from a variety of risk and fraud scoring products, to create a single, high-level risk score of any transaction, as it occurs. As a result, banks can better leverage their investments in legacy fraud detection technologies.