FRAUD PROTECTION FOR BANKS

Banking and finance are the most “attractive” sectors for fraudulent activities from both inside and outside, breaking all the breach records in comparison to other industries. Based on the careful studies of security challenges for banks and financial institutions, Dynamic Doamin has developed a Qradar-based solution to help its clients combat fraud.

Many types of fraud can be detected only when they cause damage repeatedly:

Payment card fraud
ATM fraud
Call-center fraud, banking service center fraud (internal fraud)
Money laundering
Unauthorized access to confidential information

Using IBM Security QRadar SIEM, we can identify over 40 fraud patterns through monitoring:

Payment card hijacking
Unauthorized software running on ATM
Transactions from one payer to several accounts in multiple locations and backwards
Over-the-limit transactions
Systematic transfer of funds between two accounts
PAN key entries
Unsuccessful authentication and user activity outside the office hours
Repeated payments
Suspicious payment purposes and more

The highest possible efficiency of our fraud protection services is achieved by:

Real-time data analysis
Monitoring all bank location
Gathering data from all possible resources