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Duo to tackle Fraud

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VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   SAS has joined platinum partner Capgemini to help government agencies reduce revenue losses from tax and welfare fraud, and improper payments. Together, SAS and Capgemini provide an end-to-end offering in revenue fraud and improper payment protection to public sector organizations in Europe, Brazil, India and Asia-Pacific.  "There is a need for cutting-edge business analytics in the public sector. These products apply intelligent business rules and advanced predictive analytics to help governments identify subtle clues to uncover fraud in large amounts of data.  Also important is end-to-end capability from data integration through detection through investigation management that can be deployed across the enterprise to address many fraud and improper payments issues on a single platform. SAS working with Capgemini is going to have dramatic impact in assisting government agencies," said Stu Bradley, Sr. Business Director, F...

SafeNet aids Fight against eBanking Fraud

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VARINDIA- INDIA'S FRONTLINE IT MAGAZINE SafeNet has announced the availability of a new identity and transaction protection solution that addresses multiple levels of risk associated with online banking and trading transactions. SafeNet's new eToken 3500 is believed to be an innovative electronic signing and strong authentication token-based device that will enable financial services organizations to successfully achieve the right balance of risk mitigation, cost-effectiveness, and usability when securing Banking applications. The SafeNet eToken 3500 uses an optical sensor to read financial transaction data from a Web browser, generating a unique electronic signature that validates each transaction, reducing threats such as Man-in-the-Browser (MitB) and Man-in-the-Middle (MitM), in which hackers hijack legitimate user identities during a transaction and redirect funds. Additionally, the optical features of the device claim to scan the transaction data automatically, eliminati...