Post written by Gabby Nizri, Co-Founder and CEO at Ayehu Inc.
Post written by Gabby Nizri, Co-Founder and CEO at Ayehu Inc.
About IntelliVision IntelliVision is a market leader in AI and Deep Learning video analytics software for Smart Cameras, providing video analytics solutions for several markets including Smart Home/IoT, Smart Security, Smart Retail, Smart Business, Smart City, big data analytics and video search. IntelliVision technology has been recognized as the Brains Behind the Eyes™ for many applications deploying and using cameras to analyze video content, extract metadata, send out real-time alerts and provide intelligence to other home, business and security systems. IntelliVision provides the largest suite of video analytic products in the market today. Its products are used by Fortune 500 companies, the US Government and many leading brands. IntelliVision is headquartered in San Jose, California with offices in Asia and Europe.
For more information, visit: http://www.intelli-vision.com Email: info(at)intelli-vision(dot)com Phone: 408-754-1690
PALO ALTO, CALIFORNIA (PRWEB) AUGUST 08, 2017
IdentityMind Global, today announced the latest version of its Enterprise Fraud Prevention platform, designed to increase operational efficiency and reduce manual review time for medium to large Etailers. The new version extends the user interface with customizable dashboards, queue management, reporting, and machine learning analysis intelligence, in addition to IdentityMind’s eDNA™ trusted digital identity core technology.
According to the Merchant Risk Council (MRC) Global Payments Survey, the typical manual review rate for online orders was 8% in 2016 with an average per transaction review time of 5.6 minutes (2015). In the same survey, 46% of merchants site “lack of sufficient internal resources” as a major fraud challenge.
Version 1.29 of the IdentityMind platform addresses this head on by enabling fraud analysts and managers to configure operational dashboards with widgets tailored to expedite transaction review. Through the dashboards, analysts can quickly see overall transaction processing statistics as well as exceptions that require manual review, and they can resolve transactions in bulk, assign to queues, and review individual or escalated transactions. The average manual review time is below 4 minutes for IdentityMind’s enterprise etailer beta clients, versus the average of 5.6 minutes per transaction reported by MRC. This average reduction of nearly 30% translates into better processes and better cove rage by fraud analyst teams. In addition, through its use of graph intelligence to analyze digital identities, IdentityMind can reduce transaction fraud by 60% and review of card not present (CNP) transactions by 50%.
“Etailers and other enterprises require solutions that can efficiently handle large volumes of transactions seen online,” said Garrett Gafke, CEO of IdentityMind Global. “IdentityMind not only provides a highly scalable solution that leverages digital identities to help Etailers make the best automated risk decisions, but we provide a solution that increases the efficiency of your manual operations to reduce manual review time and make every one of your fraud analysts, your most efficient fraud analyst.”
Enterprises require highly scalable solutions that aid account opening and transactional fraud decisions in real time across all channels where they interact with their customers. IdentityMind addresses this requirement starting with its core strength in digital identities. IdentityMind’s patented eDNA™ engine continuously builds and validates identities. These identities grow with each customer interaction across the secure IdentityMind Identity Network and are validated through a variety of third party data services available through the IdentityMind API. Using machine learning and graph intelligence, IdentityMind builds reputations for each identity allowing enterprises to understand the true risk of doing business with any particular entity. The Rize report allows enterprises to understand where they can maximize revenue and minimize risk, and which rules they need to modify to get there.
IdentityMind’s Enterprise Fraud Prevention platform can be leveraged as a platform with dashboards, graph intelligence, reports and digital identities included, or a la cart via the IdentityLink API that allows companies to integrate IdentityMind’s advanced analytics into their existing risk management platform. IdentityMind’s newest platform is readily available worldwide.
About IdentityMind Global
IdentityMind, creator of Trusted Digital Identities (TDIs), offers a SaaS Platform for online risk management and compliance automation. We help companies reduce and improve client on boarding fraud, transaction fraud, AML compliance, sanction screening compliance and KYC compliance. IdentityMind continuously builds, validates and risk scores digital identities through our eDNA™ engine to ensure global business safety and compliance from customer onboarding and throughout the customer lifecycle. We securely track the entities involved in each transaction (e.g. consumers, merchants, cardholders, payment wallets, alternative payment methods, etc.) to build payment reputations, and allow companies to identity and reduce fraud, evaluate merchant account applications, onboard accounts, enable identity verification services, and identify money laundering. For more information, visit: http://www.identitymindglobal.com
SAN RAMON, CA–(Marketwired – July 25, 2017) –
Cyberinc, a global leader in cybersecurity, today announced that it has signed a global OEM partnership agreement with HPE for powering Isla, its advanced web malware isolation system. The collaboration with HPE will enable Cyberinc to aggressively sell and deliver Isla, backed by HPE’s advanced go to market infrastructure and efficient fulfilment supply chain.
HPE will drive accelerated expansion and adoption of Isla through its world class manufacturing, distribution and support infrastructure. Collaboration with HPE will enable Cyberinc to strategically gain leadership in the end-point security market with Isla system, an industry-pioneering innovation that eliminates all external malware based threats emanating through the browser.
HPE’s expansive capabilities to meet the requirements of high quality production and timely delivery, along with its ability to give support and coverage across 120 countries will position Isla to rising customer demands across markets.
Security in a Digital Era The digitization wave has resulted in reshaping the cyber-security landscape with advanced, sophisticated web malware attack techniques such as Ransomware, Spear Phishing, Malvertising and Drive-by-Downloads. These advanced cyber-attacks which routinely bypass traditional defenses can be devastating to enterprises and require specialized technology and personnel to effectively counter such attacks. With browser-based malware emerging as a prime attack vector there is a clear need to shift the focus from malware detection — which can never be 100% accurate — to malware isolation to ensure malware free web-browsing.
Cyberinc’s Isla presents a new approach to defeating web based malware with innovative isolation technology that isolates all web content outside the network perimeter. Isla adopts an ‘isolate’ approach versus the traditional ‘detect and respond’ approach, thereby redefining how one secures the enterprise from Malware Based Threats.
“Isla is a game changing innovation in Cybersecurity and we are investing to scale it to meet the surging demand. HPE’s leadership position in the worldwide server market with over 23% market share, its rich OEM expertise and global market reach will help us drive leadership for Isla across the key markets globally. Isla’s disruptive isolation technology combined with HPE’s world class go to market capabilities will help us win in the marketplace,” said Samir Shah, CEO, Cyberinc. “We are looking forward to expanding adoption of Isla across global markets by addressing the toughest security concerns of enterprises, and delivering security solutions that exceed expectations.”
Hewlett Packard Enterprise (HPE) on the partnership “Cybersecurity is a paramount concern for businesses large and small. Cyberinc’s isolate strategy is a unique approach to the traditional detect and respond model. Partnerships like this enable both HPE and Cyberinc to utilize our strengths to deliver unique solutions that bring value to customers,” says Phillip Cutrone VP & GM WW OEM DCIG Business, HPE. “Consistent global execution is one of the cornerstones of the HPE OEM Program. We provide the technology portfolio, supply chain and services that enable partners like Cyberinc to quickly scale their business so they can focus on and build upon their unique value.”About Cyberinc Cyberinc is a subsidiary of Aurionpro and delivers advanced security solutions for enterprises. Its offerings include secure, scalable, high performance security products that protect from cyber-attacks, and services that help enterprises transition to next generation access management systems.For more information, please visit: www.cyberinc.com.