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Vericept.

Vericept, a provider of enterprise risk management solutions, has launched a fraud and identity theft solution designed to help companies safeguard valued customer data, including Social Security numbers, credit card information and other personal information, from internal and external threats. Based on the Englewood, Colo.-based company's patented advanced linguistics linguistics, scientific study of language, covering the structure (morphology and syntax; see grammar), sounds (phonology), and meaning (semantics), as well as the history of the relations of languages to each other and the cultural place of language in human  engine, this product analyzes all content of inbound in·bound 1  
adj.
Bound inward; incoming: inbound commuter traffic.

Adj. 1. inbound
 and out-bound Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks.  using pre-defined categories, enabling companies to immediately identify and terminate any activity that falls outside of a company's pre-defined acceptable use policy, including the communication of confidential consumer information.

Corporations are increasingly at risk for business disruption and brand compromise through a growing gap in traditional security solutions. But, says Vericept, these solutions "focus on ensuring that only 'trusted' users, or those with permission to view particular information, have access to that information. However, traditional solutions fail to address the 'trusted gap' challenge--when the right people do the wrong thing with confidential information Noun 1. confidential information - an indication of potential opportunity; "he got a tip on the stock market"; "a good lead for a job"
steer, tip, wind, hint, lead
, whether intentionally in·ten·tion·al  
adj.
1. Done deliberately; intended: an intentional slight. See Synonyms at voluntary.

2. Having to do with intention.
 or unintentionally."

As information related to fraud or identity theft is detected by the Vericept solution, companies receive a "snapshot (1) A saved copy of memory including the contents of all memory bytes, hardware registers and status indicators. It is periodically taken in order to restore the system in the event of failure.

(2) A saved copy of a file before it is updated.
" of the entire communications chain, including the address of where the information was sent, allowing security administrators to identity the recipient of the compromised information. For instance, if a disgruntled dis·grun·tle  
tr.v. dis·grun·tled, dis·grun·tling, dis·grun·tles
To make discontented.



[dis- + gruntle, to grumble (from Middle English gruntelen; see
 employee were to download a list of customer credit card numbers onto a spreadsheet and send the document to an unauthorized location, Vericept's application would capture and create a record of the event, which could later be used as evidence.

The product also provides structured data templates with pre-defined categories. These categories begin working right out of the box, the company says, eliminating the need for network administrators and human resource managers to manually create search categories.

Specific search strings may include:

* Personal file information

* Social Security numbers

* Credit card numbers

* Steganography (hiding data in another file, such as an image) and watermarking research.

To increase its ability to find inappropriate communications, Vericept's linguistics engine can also be customized to look for company-specific information, such as a project code name.

Vericept claims to have more than 600 customers, most concentrated among Fortune 2000 companies such as Target Stores and Tyco International For the unrelated division of Mattel, see .

Tyco International Ltd. NYSE: TYC is a diversified manufacturing conglomerate incorporated in Bermuda, with United States operational headquarters in New Jersey.
.

For pricing information, contact Vericept Sales at 800.262.0274, or click on www.vericept.com.
COPYRIGHT 2004 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Fighting Fraud
Publication:Financial Executive
Geographic Code:1USA
Date:Jun 1, 2004
Words:374
Previous Article:IceNet LLC.
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