IBM security suite sniffs out scammers

May 25, 2006

IBM has enhanced its analytical software to help banks, insurers and other commercial customers foil fraud and money-laundering schemes.

The Entity Analytics Solutions (EAS) 4.1 allows users to analyze and compare data stored in individual information silos in five different languages and instantly match up identities of potential fraud perpetrators.

The system homes in on what Big Blue termed "non-obvious" information such as shared phone numbers, bank accounts and addresses, and shares it in a way that doesn't compromise privacy.

"Fraud and abuse do not recognize geographic, technical, political, or cultural boundaries," said IBM Vice President John Slitz. "IBM's enhanced Entity Analytics portfolio takes these customer requirements into account and makes it possible for companies to get the right information, to the right place, in real time, to respond to threats in-line at the point of contact, regardless of language, platform, or geography."

EAS 4.1 will be targeted to major commercial customers that are frequent targets of fraud, such as banks, insurance companies, retailers and healthcare systems.

Copyright 2006 by United Press International

Explore further: PAX Prime gaming convention kicks off in Seattle

add to favorites email to friend print save as pdf

Related Stories

No consensus on how to notify data breach victims

Mar 09, 2014

(AP)—The data breach at Target Corp. that exposed millions of credit card numbers has focused attention on the patchwork of state consumer notification laws in the U.S. and renewed a push for a single national ...

Israeli tunnel hit by cyber attack, experts say (Update)

Oct 27, 2013

When Israel's military chief delivered a high-profile speech this month outlining the greatest threats his country might face in the future, he listed computer sabotage as a top concern, warning a sophisticated ...

GM wants tough punishment in hybrid secrets theft

Apr 26, 2013

General Motors Co. wants a long prison sentence next week for a former employee and her husband who were convicted of stealing hybrid vehicle technology for potential use by competitors in China. Trade secrets were found ...

Warsaw team on Skype can send silent message

Jan 08, 2013

(Phys.org)—A professor in Warsaw knows a way in which to communicate privately on Skype by using silence. Wojciech Mazurczyk at the Institute of Telecommunications, Warsaw University of Technology, discovered the packets ...

Recommended for you

Watching others play video games is the new spectator sport

Aug 29, 2014

As the UK's largest gaming festival, Insomnia, wrapped up its latest event on August 25, I watched a short piece of BBC Breakfast news reporting from the festival. The reporter and some of the interviewees appeared baff ...

SHORE facial analysis spots emotions on Google Glass

Aug 28, 2014

One of the key concerns about facial recognition software has been over privacy. The very idea of having tracking mechanisms as part of an Internet-connected wearable would be likely to upset many privacy ...

User comments : 0