MOUNTAIN VIEW, Calif., Sept. 22, 2011 /PRNewswire/ -- Guardian Analytics, the market leader in behavioral analytics-based fraud prevention solutions, today announced it has relocated its headquarters to Mountain View, Calif., more than doubling its square footage to support the company's fast-paced growth in light of accelerating cyber crime and new regulatory guidance. The company's customer base has grown more than 100 percent in the last 12 months as financial institutions of all sizes standardize on its flagship solution, FraudMAP, to defend against the escalating problem of cyber crime.
Banks and credit unions that are deployed on more than 15 different online banking platforms have implemented FraudMAP for Retail Banking and FraudMAP for Business Banking to detect and respond to anomalous activities and transactions. With over six years of research and development behind it, FraudMAP's sophisticated behavioral analytics software is proven to detect a wide array of account takeover and fraud attacks including the rapidly evolving Man-in-the-Browser attacks. In 2010, the company launched its Software-as-a-Service architecture and rapid deployment methodology, offering the fastest time to security with little to no IT resources needed.
In June 2011, the FFIEC released updated guidelines for online banking controls, which has accelerated demand for FraudMAP. The regulatory Agencies now expect all financial institutions to have individual anomaly detection as the primary component of a layered security program. FraudMAP is the only fraud prevention offering on the market to dynamically analyze individual account holder banking activity and behavior from login to logout. The solution has broad market appeal with its ability to support homegrown and third-party online banking platforms.
"FraudMAP is proven to stop fraud and the banking regulators have acknowledged the effectiveness of a behavior-based approach by establishing anomaly detection as a minimum expected layer of security," said Terry Austin, CEO of Guardian Analytics. "We are expanding our office space in Silicon Valley to further grow our product and operations to support our customers and to capitalize on this growing market opportunity."
In the last year, Guardian Analytics expanded its team by 50 percent, including new hires in sales, engineering and customer service positions. The move and expansion follows the company securing $14M in additional venture financing earlier this year.
Guardian Analytics' new headquarters are located at 2465 Latham St., Mountain View, Calif., 94040. The company can be reached at 650-383-9200.
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.
Bateman Group for Guardian Analytics
SOURCE Guardian Analytics