Bangalore, September 30 2018: Indian engineers of RSA, the Security Division of Dell EMC, are helping craft advanced fraud and risk management solutions to help organizations detect and respond to advanced attacks, reduce business risk, fraud, and cybercrime.
With employees using multiple platforms to connect with their companies; bank customers doing transactions by many routes – including through mobile and portable devices, RSA has created an Adaptive Authentication Product, with self-learning statistical supervised machine learning technology to evaluate the risk of an activity – a credit card payment say – and to provide a real- time alert.
Device profiling analyses the device from which a user is accessing an organization’s website or web service and determines if there is a deviation in the pattern of past usage. The product also allows clients to overlay their own policy on the RSA core, said Shai Cohen, US-based Vice President and General Manager in charge of Fraud and Risk Intelligence Business at RSA.
He was speaking to IndiaTechOnline, on the sidelines of the annual RSA India Summit here, earlier in the week.
He explained how red flags are generated by the RSA authentication tool: A possible behavioral ‘indicator of compromise’ for online banking logins can be the combination of the use of a new device + new account. Statistically this combination accounts for 32% of total fraud. Legitimate use of this combination accounts for only 0.4% of transactions hence it is highly likely that such an event is nefarious.
The traditional industry of compromised cards is alive and well and seems to be growing. RSA discovered that mobile application and mobile browser transactions accounted for 71% of overall fraud transactions.
The recently promulgated General Data Protection Regulation (GDPR) in the European Community has created a new challenge for India-based entities doing business in Europe – and RSA has launched an integrated platform called Archer that helps client-companies mitigate their GDPR-related risks.SA numbers the biggest public and private sector banks in India among its clients.
RSA numbers the biggest public and private sector banks in India among its clients.