Fair Isaac Introduces Online FraudDetection

Register now

MINNEAPOLIS - (06/06/06) -- Fair Isaac Corp., the provider ofthe popular Falcon Fraud Manager for credit and debit cardtransactions, announced the launch of a system aimed at detectingfraud in online transactions. Falcon One for Online Access providesneural network-based transaction monitoring that learns customerbehavior patterns and recognizes suspicious transactions, includingpatterns of transactions spanning online and debit, branch andcredit transactions. The system uses account information gleanedfrom other fraud protection systems to provide complete coverage ofcustomer assets and channels that access them. The system alsomonitors the details on the electronic behavior of the Internetcommunications channel used during an online session. Thiscontinues throughout the session in order to thwart'man-in-the-middle' attacks where a legitimate session ishigh-jacked by an imposter.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER