Deal Brings VeriSign To Online FraudDetection
MOUNTAIN VIEW, Calif. - (02/13/06) -- VeriSign announced Friday it hasagreed to acquire Snapcentric, Inc., and will use the company'sadvanced anomaly detection technology as the main focus of itsonline fraud detection solution. The VeriSign Fraud DetectionService will use technology currently used by credit card issuersto detect fraud, using pattern recognition technology, which flagsunusual patterns of behavior not associated with the user. Becausethe service is self-learning, it can adapt to changing criminalbehavior without manual intervention. The VeriSign service isavailable for beta testing with general availability expectedwithin 60 days. Acquisition price for Snapcentric was $12million.