MOUNTAIN VIEW, Calif., Nov. 15, 2011 /PRNewswire/ -- Guardian Analytics, the market leader in behavioral analytics-based fraud prevention solutions, announced today the company has been named a finalist in the Best Fraud Prevention category by the 2012 SC Magazine Awards. Selected from hundreds of entries submitted across 33 technology categories, FraudMAP was recognized as a top product in the Reader Trust Award competition, which honors best-in-class security products and services by SC Magazine's esteemed reader base. FraudMAP is Guardian Analytics' hosted fraud prevention software solution that empowers financial institutions of all sizes to use advanced behavioral analytics to proactively detect online account takeover and fraud.
"We're honored that SC Magazine and its readers found FraudMAP's features, including its advanced approach to anomaly detection, to be among the very best at preventing bank fraud," said Terry Austin, CEO of Guardian Analytics. "As our rapidly growing customer base can attest, FraudMAP provides financial institutions of all sizes with premier protection, which includes the important benefit of meeting the updated requirements set forth in the FFIEC Supplement."
FraudMAP is the only fraud prevention solution built from the ground up using behavioral analytics to distinguish between legitimate and anomalous activity at the individual account holder level. Financial institutions standardized on FraudMAP proactively detect online account takeover and fraud, even when the most sophisticated phishing attacks and banking Trojan malware are in use. Further, because it looks at individual behavior and not generalized patterns, FraudMAP provides maximum detection with minimal alerts banks can act on quickly.
"The contenders in this category have already won a significant honor, the respect of their peers and a body of experts that represents those most interested in following threats and advancements in information security," said SC Magazine Editor-in-Chief Illena Armstrong. "To make it this far amongst hundreds of submissions is quite an achievement."
Now in its 15th year, the information security industry's most prominent accolade, the annual SC Awards, showcase the best solutions, services and professionals while recognizing achievement and technical excellence. SC Magazine distinguishes the achievements of the security professionals in the trenches, the innovations happening in the vendor and service provider communities and the passionate work of government, commercial and nonprofits - all working to help improve global security.
Winners of the SC Magazine Awards US are selected by the wide distribution of SC Magazine readers - security and technology experts from large, medium and small enterprises from all major vertical markets - and will be announced at a gala dinner and award ceremony to be held in San Francisco on Tuesday, February 28, 2012. To attend the Awards, please register at http://www.cvent.com/d/scqm6b/4W.
About Guardian Analytics
Headquartered in Mountain View, Calif., Guardian Analytics provides innovative solutions to prevent online and mobile banking fraud. The company pioneered Dynamic Account Modeling, which uses behavioral analytics to identify suspicious activity. National and community banks and credit unions rely on Guardian Analytics to protect individual account assets, the integrity of their online channels, and their brand reputations. Founded in 2005, Guardian Analytics is privately held with venture funding from Foundation Capital, Sutter Hill Ventures, Split Rock Partners and Triangle Peak Partners. For more information, please visit www.guardiananalytics.com.
About SC Magazine
SC Magazine provides IT security professionals with in-depth and unbiased information through timely news, comprehensive analysis, cutting-edge features, contributions from thought leaders and the best, most extensive collection of product reviews in the business. By offering a consolidated view of IT security through independent product tests and well-researched editorial content that provides the contextual backdrop for how these IT security tools will address larger demands put on businesses today, SC Magazine enables IT security pros to make the right security decisions for their companies. The brand's portfolio includes the SC World Conference and Expo, SC Congress Canada, SC Magazine Awards, SC Directory, SC Magazine Newswire and SC Magazine IT Security Executives Forums
SOURCE Guardian Analytics