WESTBURY, N.Y. – Nassau Educators’ FCU has implemented Guardian Analytics’ FraudMAP Version 4 for Retail Banking to protect its online banking channel from the growing threat of fraud.
FraudMAP is a major part of the $1.5 billion credit union’s layered security strategy, which it said is designed to identify member accounts that have a high potential for fraud before money is transferred. FraudMAP’s ability to proactively detect account compromise, fraud staging and anomalous transactions already has resulted in averted losses and significant operational savings for the credit union, it said.
Guardian Analytics is based in Los Altos, Calif.
