ThetaRay's Detection Center Opens Window on Hidden Cyber Threats, Fraud and Opportunities

Supports Converging Roles in Financial Services and Industrial Organizations by Rapidly Identifying Actionable Anomalies across Multiple Risk Areas

Feb 29, 2016, 09:00 ET from THETARAY

RSA 2016, SAN FRANCISCO, February 29, 2016 /PRNewswire/ --

ThetaRay, a leading provider of big data analytics solutions, today unveiled its Detection Center, a highly visual results module that is part of the company's new UI.  It allows data scientists and domain analysts (including fraud, compliance, credit risk, etc.) to quickly and easily identify, view and investigate anomalous events hidden within massive amounts of transactional and organizational data.  The company will demonstrate the module at RSA Conference 2016, in North Expo booth #N4414.

Due to the multidimensional nature of today's threats, many financial organizations are undergoing a process of convergence between fraud, compliance, cyber and other operational risks - a trend that requires increased collaboration between the data scientist, CRO, CIO and CISO roles.  ThetaRay's Detection Center bridges these disciplines, allowing organizations to view and analyze a wide range of transactional events, address numerous risk areas, and support multiple functions simultaneously.

"ThetaRay's analytical solutions operate at the scale, precision and speed that these volatile times demand," said Mark Gazit, ThetaRay, CEO.  "Our new Detection Center will help businesses uncover growth opportunities and isolate problems that are hiding in plain sight - buried beneath big data, concealed in slow systems, and out of reach of the most sophisticated business rules."

The Detection Center requires no knowledge of related business processes, and can be customized for a wide range of industries and use cases, including credit risk, loan fraud, cybersecurity and anti-money laundering.  It automatically identifies anomalies, clusters similar ones together, and surfaces key attributes, behaviors, severity level, timeline, and more.  It also highlights entities (e.g. customers/clients) that are involved in multiple suspicious accounts, transactions or sessions.

ThetaRay's new UI supports every aspect of anomaly detection - from data processing and storage to event investigation and management - with precision, accuracy and the lowest false positive rates in the industry.  While competitive systems can take several months to set up and configure, ThetaRay's can be operational within 1-2 weeks.  It will be available in Q2 2016.

ABOUT THETARAY 

ThetaRay is a leading provider of big data analytics solutions that detect threats and discover opportunities.  The company's platform analyzes massive amounts of data for advanced cyber security, financial risk detection and operational efficiency, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRay's core technology is based on state of the art algorithms, which power its proprietary Hyper-Dimensional, Multi-Domain Big Data Analytics platform. Organizations whose operations rely on highly heterogeneous and complex environments leverage ThetaRay's unmatched detection and low false positive rates as a see-all power that enables them to unify detection and uncover the unknown.

Learn more at http://www.thetaray.com. Follow us: @ThetaRayTeam

 

Contact:
Mark Prindle
Fusion PR
+1-646-475-8446
mark.prindle@fusionpr.com

 

SOURCE THETARAY