Fraud Detection - DefenseStorm

Individual assessing a threat on a laptop

WHY DEFENSESTORM FRAUD DETECTION

Built for Banking, GRID Active Fraud Detection provides continuous monitoring and alerts from data across the network, online banking platform and core to proactively detect and stay ahead of evolving fraud threats and stop cyber fraud before funds leave the organization. Integrating Information Security and Fraud departments in a single platform, we defend against threats, including fraudulent account opening/loan applications, account take-overs, payment fraud, money laundering, and internal fraud.

THE BENEFITS OF
GRID ACTIVE FRAUD DETECTION

PROACTIVE MONITORING

Built for Banking, GRID Active Fraud Detection provides proactive cyber fraud monitoring and detection to stay ahead of evolving fraud threats.

REAL-TIME PREVENTION

We can integrate Information Security and Fraud departments in a single platform to defend against a myriad of threats, including fraudulent account opening and loan applications, account take-overs, payment fraud, and money laundering.

THREAT MAPPING

Prioritized alerts and visual threat mapping powered by machine learning.

SHARING CAPABILITIES

Access to consortium to immediately share threat intelligence.

AN INTEGRATED
FRAUD DETECTION PRODUCT

Proactive Fraud Detection with Consolidated Evidence Collection

GRID Active Fraud Detection correlates non-monetary and monetary activities to detect fraud before it happens to save you time, resources, brand reputation. With the ability to receive real-time alerts you can block suspicious activity, execute step-up authentication and route anomalies to analysts for further investigation to ensure threats are seen early and protection in place before another cyber fraud attempt is made.

Comprehensive Threat Visibility Through Integration of Cybersecurity and Risk Processes

You can improve your cyber fraud detection by integrating cybersecurity data on the network with online banking events, banking core activity, dark web intelligence and a consortium of threat sources for one consolidated view of threats. Proactive fraud detection can help you bridge the gap between your security and fraud teams for more cohesive approach to managing risk. You have access to the GRID Active intelligent data platform which integrates essential threat detection and compliance processes to deliver automatic regulatory adherence, and machine learning assisted intelligence for real time cyber fraud detection and threat visibility and prioritization. Plus, with on-the-fly rule deployment, you can empower your fraud and cybersecurity team to respond to an emerging attack in real-time.

Multi-Channel Fraud Protection with At-A-Glance Visualization of Fraud Threats

You can monitor, detect and alert your teams on suspicious activity across all departments – including Originations, Online and Mobile banking – for an integrated approach to managing risk and cyber fraud detection across the organization. With a proactive defense approach, you can defend against high-risk domestic and international locations trying access your organization, identify unusual customer activity and stop payments/deposits to or from known money laundering accounts. Stops fraud before funds leave the institution which saves you resources on search/recovery and enables you to maintain a strong reputation with your customers and your community.

01 - Proactive Fraud Detection with Consolidated Evidence Collection

02 - Comprehensive Threat Visibility Through Integration of Cybersecurity and Risk Processes

03 - Multi-Channel Fraud Protection with At-A-Glance Visualization of Fraud Threats

GRID
ACTIVE REPORTING

GRID Active Reporting enables financial institutions to exercise informed decision-making through consistent metrics and ensure confidence in the execution of strategic risks.

Through strong reporting, FIs can customize their reports based on audience and timing to better demonstrate the overall risk objectives are being met.

Data-based decision making

Dynamic visualizations and dashboards

Quick implementation and onboarding

Easy Information sharing

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