MOUNTAIN VIEW, Calif., May 17, 2016 /PRNewswire/ -- Guardian Analytics, the market leader in behavioral analytics solutions and machine learning for preventing banking fraud, today highlighted the solution to mitigating risk associated with the recent SWIFT breaches. Criminals continue to prove their ability and sophistication to use malware to breach bank systems, stealing hundreds of millions of dollars, proving that rules-based systems are no longer adequate protection for banks against malware attacks.
"Rather than using rules that look for specific malware, fraud indicators or fraud patterns, which are all changing too rapidly for most institutions to keep up, behavioral analytics combines knowledge about fraud with activity monitoring and anomaly detection to determine if the behavior is expected and legitimate," said Steve Schramm, Vice President of Engineering and Network Operations.
With patented behavioral analytics technology, Guardian Analytics helps financial institutions proactively detect fraudulent transactions before they leave the bank by modeling activity and detecting anomalies for both originators and recipients to defeat today's criminals and thieves.
About Guardian Analytics
Guardian Analytics is the pioneer and leading provider of behavioral analytics and machine learning solutions for preventing banking fraud. More than 400 financial institutions have standardized on Guardian Analytics' innovative solutions to mitigate fraud risk and rely on the company to stop the sophisticated criminal attacks targeting retail and commercial banking clients. With Guardian Analytics, financial institutions build trust, increase competitiveness, improve their customer experience and scale operations. Guardian Analytics is privately held and based in Mountain View, CA. For more information, please visit www.GuardianAnalytics.com.
Guardian Analytics is a registered trademark of Guardian Analytics, Inc.
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SOURCE Guardian Analytics