Covelight Systems Introduces FraudProbe(TM); Leader in Fraud Detection Announces a Real-time Monitoring Solution for Enterprise Fraud Management Systems.CARY, N.C. -- Covelight Systems, an innovator of solutions for passive, real-time user monitoring and profiling of Web applications, today announced FraudProbe, a new platform for detecting fraud in online channels. FraudProbe is a high performance network-based appliance that passively monitors online transaction activity to and from Web applications. FraudProbe is the industry's first turnkey solution for integrating online fraud detection capabilities into existing enterprise fraud management systems. FraudProbe solves the problem of real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. mining of high volume online transaction streams for the business critical fraud indicators required to combat identity fraud, account hijacking hijacking Crime of seizing possession or control of a vehicle from another by force or threat of force. Although by the late 20th century hijacking most frequently involved the seizure of an airplane and its forcible diversion to destinations chosen by the air pirates, when , data theft and other types of fraud in online channels. By delivering a highly compressed data set directly to the enterprise fraud management system, FraudProbe completely eliminates the expense, time and computing resources associated with traditional data integration approaches while fully leveraging the enterprise fraud system's detection, analytical, reporting, and case management capabilities. "Large financial institutions are telling us they want a solution that addresses fraud across the entire enterprise, including the online channel. They have also recognized that real-time session monitoring is an important component of addressing compliance with the recent FFIEC FFIEC Federal Financial Institutions Examination Council guidance for online banking," said Spencer Snedecor, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Covelight Systems. "FraudProbe leverages Covelight's leadership in online fraud detection and adds a powerful new dimension to enterprise fraud management systems for mitigating the risk associated with the online channel." FraudProbe features include: --High-performance deep transaction inspection - FraudProbe uses Covelight's patent-pending Transaction Flow Auditing(TM) to capture, decrypt To convert secretly coded data (encrypted data) back into its original form. Contrast with encrypt. See plaintext and cryptography. , and reconstruct re·con·struct tr.v. re·con·struct·ed, re·con·struct·ing, re·con·structs 1. To construct again; rebuild. 2. the complete end-user experience in real-time. FraudProbe supports the most demanding online environments, including high-traffic volume online banking, brokerage and e-commerce applications. --Identity-based monitoring - FraudProbe captures session and login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. information enabling activity to be attributed to actual users - not just IP addresses. --Customizable FraudCue(TM) definitions - FraudCues are the critical data elements needed to detect fraud or monitor business activity. FraudProbe extracts and builds this data in real-time while eliminating the background noise of irrelevant protocol activity. FraudCues can be derived from any portion of the transaction request or response including HTTP headers HTTP Headers form the core of a HTTP request, and are very important in a HTTP response. They define various characteristics of the data that is requested or the data that has been provided. , normalized web log equivalent data, sensitive content such as account, social security or credit card numbers and high-level financial transactions, including parameter values. --Flexible integration options - FraudCues are captured and forwarded to third party enterprise fraud management or business events processing systems over a flexible FraudCue publishing interface that supports various streaming, file transfer and direct database insert technologies. --Non-intrusive, fault-tolerant network appliance (1) A specialized device for use on a network. For example, Web servers, cache servers and file servers can be implemented as general-purpose computers with the appropriate software or as network appliances, which are computers dedicated to a single function and cannot do anything - FraudProbe is delivered as an easy-to-deploy, self contained appliance that can be installed and configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: in less than an hour, requiring no integration with the Web application. Because it is installed passively using a network TAP or switch SPAN port, FraudProbe does not affect the application's performance or availability. FraudProbe is available in a fault-tolerant configuration for deployment in high-availability environments. Covelight Systems is a leader in passive, real-time user monitoring to protect confidential customer information from online fraud and identity theft. For additional information about Covelight's products and services, visit: www.covelight.com. |
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