Technology News  |   Industry News  |   Product News  |   Business News  |   Event News  |
  CCTV Surveillance  |   Access Control  |   Biometric ID  |   Alarm & Detection  |   Security Parts & Devices  |   Integration & Convergence  |
  Corporate & Office  |   Education & Institutional  |   Financial  |   Game & Casino  |   Government & Public  |   Homeland Security  |   Hospital & Entertainment  |   IT Asset & Technology  |
  CCTV Surveillance  |   Access Control  |   Biometric ID  |   Alarm & Detection  |   Security Parts & Devices  |   Integration & Convergence  |
  CCTV Surveillance  |   Access Control  |   Biometric ID  |   Alarm & Detection  |   Security Parts & Devices  |   Integration & Convergence  |   Consulting & Services  |
  Edit Member Profile  |  Edit Company Profile  |  Change Password  |  My Resources Profiles  
  2009 MAR Issue   |   What is Digital Magazine?  |  How to use  |  Archives  |    
 
  SecurityWorldMag.com

SecurityWorld Online Magazine

Corporate & Office

Education & Institutional

Financial

Game & Casino

Government & Public

Homeland Security

Hospital & Entertainment

IT Asset & Technology

Manufacturing & Industrial

Retail & Transportation

Residential

Home > Market >

NetEconomy expands Financial Crime Suite with breakthrough employee fraud detection system

NetEconomy, a global developer of financial crime management and compliance solutions, and a business unit of Fiserv, Inc., announced that it has expanded its Financial Crime Suite to include a next-generation employee monitoring application designed to help financial institutions reduce revenue losses and protect against the growing threat of internal fraud.

NetEconomys Financial Crime Suite will be fully integrated with the employee fraud platform from Intellinx, the innovative leader in end-user behavior tracking solutions.  The combined offering delivers a first-of-its-kind, cross platform surveillance, investigation and case management system for complete employee visibility in corporate applications across a financial institutions enterprise

"Employee fraud poses a significant threat to financial institutions, as studies indicate firms lose an estimated five percent of their annual revenues to insider fraud.  To continue to safeguard organizations and our clients against financial crime, we are pleased to expand our fraud solution with Intellinxs proven employee fraud detection system used by major credit card companies, insurance firms and banks around the globe," said Sebastian Kuntz, chief executive officer of NetEconomy.  "New clients can leverage one fully integrated solution for financial crime detection and management, while existing NetEconomy customers can expand their coverage to employee monitoring quickly and easily with this new offering."

"Insider threats such as information leakage and employee fraud have become a top concern for organizations.  As the financial costs of data security breaches by insiders can be overwhelming, organizations are increasingly looking for solutions to address these threats.  A series of incidents in recent years have demonstrated the need for early detection of fraud by insiders," said Dan Yachin, senior analyst of IDC.  "By providing visibility to user activity with user behavior analysis at the application level, the combined solution of NetEconomy and Intellinx can provide early alert on suspicious activities that can be used to effectively protect against insider threats."

"Intellinx is very excited about this opportunity to deliver together with NetEconomy and Fiserv an integrated solution with a unique business value for employee fraud detection," said Orna Mintz-Dov, chief executive officer of Intellinx.  "Financial institutions that deploy our combined offering will benefit immediately -- with no need for time-consuming integration with an organizations systems or applications.  In this way we can help customers to jump-start their program for fast protection against employee fraud."

NetEconomys Employee Fraud Manager solution powered by Intellinx delivers a non-invasive system that records and analyzes all interaction between employees on any corporate business application across all major platforms.

 

 
 

     HID Global and ASSA ABLOY Identification Technologies (ITG) merge

     ioimage and EVT announce technology partnership



Wireless IP Cam...
Home Security S...
IP camera Netwo...
Home l New Product Showcase l Gold Suppliers l Trade Shows l email Newsletter l About SWM l Help l Site Map l Partnerships l Privacy Policy | Newsletter
Publisher: Choi Jung-sik | Edited by: Lee Sang-yul | Youth Protection Officer: Lee Sang-yul
Copyright Notice ¨Ï 2004-2007 www.SecurityWorldMag.com Corporation and its licensors. All rights reserved.