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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Gbaf News

    Posted on June 19, 2014

    Featured image for article about Top Stories

    Cost Effective Fraud Detection Solution Utilizes Big Data to Expose Malware Attacks in Real Time

    Intellinx Ltd.,the innovative leader in enterprise fraud management announced the integration of the Intellinx Fraud Management Platform with the Hadoop framework to deliver cost effective real time enterprise-wide fraud prevention. Currently deployed at a Tier-1 bank in North America, the Intellinx cybersecurity solution utilizes contextual data by profiling both applications and users to identify more sophisticated types of attacks, such as DDOS (distributed denial-of-service), with increased accuracy.

    Intellinx’s support for the Hadoop platform enables cost-effective processing of very large volumes in a distributed computing environment, enabling analysis at a very granular level, yielding more insights to detect fraud.  In addition, by reducing the need for conventional SQL databases, Intellinx 5.1 customers can cut their software licensing costs significantly.  The February 18 2014 Gartner report, “How Enterprises Can Avoid Top Cyberthreats in 2014” by Avivah Litan, recommends that enterprises: ”Use big data analytics of transactions, security events and contextual information to gain faster and smarter correlation of security incidents so they can be rapidly prioritized. ”

    INTELLINX 5.1 Fraud Management Platform Integrates With Hadoop For Improved Cybersecurity

    INTELLINX 5.1 Fraud Management Platform Integrates With Hadoop For Improved Cybersecurity

    Intellinx 5.1 prevents future fraud attacks by gaining a better understanding of emerging threats.  Based on non-invasive network recording, Intellinx 5.1 creates profiles for online users, and correlates them with offline data (such as call-center data, ATM activity, employee actions), resulting in more precise detection of fraud attempts.  Applications are also monitored in order to create a baseline of normal behavior which is then compared with new activity, to detect malware attacks such as man-in-the-browser in real-time. The combination of application profiling and user profiling in the same solution provides a more holistic approach for fraud detection

    “Threats are more erratic and sophisticated, and many fraudsters today know how to evade detection,” said Orna Mintz-Dov, CEO of Intellinx. “By making it cost-effective to analyze data from many different sources on a massive scale in real time, while combining application and user profiling, we are providing enterprises with the ability to uncover both known and new fraud schemes.”

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