INTEGRATED CYBER RISK MANAGEMENT PLATFORM

FRAUD PREVENTION

Financial institutions have too much at stake – financial loss, reputational damage, business continuity, etc. – to go it alone when it comes to managing cyber risk. You have unique risk factors when it comes to protecting against cyber fraud and need a solution that is built for banking. GRID Active Fraud Prevention provides continuous monitoring and alerts from data across the network, online banking platform and core to proactively stop cyber fraud.

Cyber security risk management solutions from DefenseStorm.
Individual assessing a threat on a laptop

WHY DEFENSESTORM GRID ACTIVE FRAUD PREVENTION

Built for Banking, GRID Active Fraud Prevention 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 and money laundering. Employee Activity Monitoring allows for monitoring of user access, permissions and actions to guard against potential fraudulent internal employee threats.

THE BENEFITS OF
GRID ACTIVE FRAUD PREVENTION

Fraud Prevention - DefenseStorm
PROACTIVE MONITORING
Built for Banking, GRID Active Fraud Prevention 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. Employee Activity Monitoring allows for monitoring of user access, permissions and actions to guard against potential fraudulent internal employee threats.
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 PREVENTION PRODUCT

01

Proactive Fraud Prevention with Consolidated Evidence Collection

Account Holder Fraud Prevention 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.

02

Comprehensive Threat Visibility Through Integration of Cybersecurity and Risk Processes

You can improve your cyber fraud prevention 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 prevention 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 prevention and compliance processes to deliver automatic regulatory adherence, and machine learning assisted intelligence for real time cyber fraud prevention 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.

03

Multi-Channel Fraud Prevention 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 prevention 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 as well as prevent internal fraud through Employee Activity Monitoring.  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 Prevention with Consolidated Evidence Collection
02 - Comprehensive Threat Visibility Through Integration of Cybersecurity and Risk Processes
03 - Multi-Channel Fraud Prevention with At-A-Glance Visualization of Fraud Threats
DefenseStorm's cyber security monitoring is built for banks and credit unions.

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.

Cyber security threat detection and response from DefenseStorm.
Data-based decision making
Dynamic cyber security compliance dashboards with DefenseStorm threat detection and response.
Dynamic visualizations and dashboards
DefenseStorm provides first-class onboarding and implementation of our threat detection and response solution.
Quick implementation and onboarding
Maintain cyber security compliance with DefenseStorm's threat detection and response.
Easy Information sharing

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