A New Way to Combat Transactional Fraud & Error With Transindigo's Elara Product Suite; New system is unique in enabling real-time authorization at the transactional level.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 19, 2000 Transindigo Inc, a leading provider of Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. and authorization technologies, today announced the launch of Elara(TM), a comprehensive entitlement solution that enables businesses to manage every aspect of authorization and transactional entitlement in real-time. "Billions of dollars are being lost each year by major corporations that are struggling with information security issues," said John Weinschenk, chief executive officer of Transindigo. "To offset this growing trend, Transindigo has achieved a technology breakthrough, the Elara Product Suite, a comprehensive solution for real-time management of every aspect of authorization and transactional entitlement." Transindigo's Elara suite dramatically reduces the risks associated with transactional fraud and error by making dynamic entitlement decisions, from the most basic requests for sign-on to managing the most complex financial transactions. With Elara, companies can control the breadth and depth of electronic interaction among customers, suppliers, partners, employees and contractors, helping these businesses to securely pursue global business strategies. "The sheer volume of information and money exchanged every second over the Internet provides countless opportunities for fraud and error," Weinschenk added. "According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent article in Business Day, entitled `Cybercrime cybercrime also known as computer crime Any use of a computer as an instrument to further illegal ends, such as committing fraud, trafficking in child pornography and intellectual property, stealing identities, or violating privacy. Affecting 90% of US Organizations,' the FBI together with the Computer Security Institute discovered that the amount of money lost due to security breaches more than doubled from 1998 to 1999. Seventy percent of those surveyed claimed to have sustained the majority of losses from theft of proprietary information and financial fraud. And the market for business-to-business e-commerce is expected to reach $2.7 trillion by 2004. The implications are obvious. The need for a transactional entitlement solution like Elara, paramount." The Elara suite is designed to make it easy for businesses to implement and ensure enforcement of business policies, in real-time, on a transaction-by-transaction basis. The suite's nucleus, Elara Core, is the PrivilegeChecks(TM) engine that allows authorized users to do or see only what they are entitled to do or see. This database of business rules is managed and administered by Elara Central, while Elara Console provides visual reporting, transaction logs and audit trails for operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. . Elara Consulting, Transindigo's service component, provides customers with assistance in integrating the Elara Suite into their businesses' infrastructure and provides ongoing 24-hour-a-day, seven-day-a-week support. Transindigo has formed several alliances with industry leaders, including RSA Security RSA, The Security Division of EMC Corporation, is headquartered in Bedford, Massachusetts, and maintains offices in Ireland, the United Kingdom, Singapore, India, and Japan. RSA organizes the annual RSA conference. . These alliances build on the inherent strengths of Elara, creating innovative solutions for Transindigo customers. About Transindigo Inc Transindigo Inc is a leading next generation e-infrastructure company that is developing the first mission-critical solutions for securely managing every aspect of authorization and transactional entitlement. Transindigo's Elara employs cutting-edge technology to enable real-time authorization down to the transactional level. It uses business rules to centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. , unify and automate all facets of entitlement including user authentication See authentication. , authorization, access control, Web single sign-on An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. and delegated administration Delegated administration describes the decentralization of role-based-access-control systems. Many enterprises use a centralized model of access control. For large organizations, this model scales poorly and IT teams become burdened with menial role-change requests. . Transindigo solutions are platform independent, highly scalable, and employ an open, extensible, standards-based architecture. Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Transindigo also has offices in Boston, Chicago and London. For more information, please visit www.transindigo.com. |
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