Secure digital banking with threat and fraud detection
HID® Risk Management Solution is a real-time risk profiling technology that protects financial institutions against cybercriminals. It is a next generation cyber threat and fraud detection solution, based on data analytics, that protects against traditional as well as modern threats targeting online and mobile banking, transaction systems and sensitive applications. A combination of evidence based detection capabilities and behavioral biometrics supported by machine learning makes a perfect fit for combating the ever-changing threat landscape of modern banking applications. The solution is available in two options: HID Risk Management Solution - Threat Detection and HID Risk Management Solution -- Threat and Fraud Detection.
HID Risk Management Solution is fully integrated with HID Global’s ActivID® Authentication Platform, which provides advanced multi-factor authentication to protect users’ IDs, transactions, devices and accounts. This provides the following benefits:
Adapts to future threats while enabling organisations to adapt and improve existing solutions (vs MFA authentication which is static)
UX flow can be defined according to the risk level, resulting in a better user experience while improving security
Protects the device, the session, the user and the transaction with its unique digital identity sensing technology, a complete set of device fingerprinting and user identification techniques protects against:
Fraudulent transactions and account manipulation
Web and application hacking
User devices hacking, security incidents …
Web application integrity protection
Phishing, social engineering and account takeover
Financial malwares (Trojan, MitM, web injections,etc.)
Analyses hundreds of parameters using machine learning and artificial intelligence to verify device and user identification
Delivers a multi-layered approach: device, session, user/navigation and transaction layers
Transactions are evaluated against models that includes group of rules corresponding to a transaction type, channel used, etc. It is also based on advanced machine learning that can adapt to new fraudulent scenarios not covered by rules.
Delivers simplified compliance for regulations such as PSD2, 3D Secure 2, and more