ScienceSoft Global
Fraud Protection for Banks
Fraud detection software is an indispensable part of banking systems that prevents breaches, vulnerabilities, and fraudulent activities. Based on the careful studies of financial institutions’ security challenges, ScienceSoft has developed a QRadar-based SIEM solution to help our clients combat fraud.
Types of Banking Fraud We Help Prevent
Many types of fraud in the banking IT ecosystem can be detected only when they cause damage repeatedly:
- Payment card fraud.
- ATM fraud.
- Call-center fraud, banking service center fraud (internal fraud).
- Money laundering.
- Unauthorized access to confidential information.
How We Ensure the Efficiency of Fraud Protection
Gathering data from multiple sources
By integrating logs, transactions, and third-party intelligence, we create a unified fraud defense system that uncovers hidden risks.
Real-time activity data analysis
The tools we apply process massive transaction streams instantly, detecting anomalies and suspicious activities before they escalate into fraud.
Monitoring all bank locations
We provide centralized oversight across branches, ATMs, and digital channels, ensuring consistent fraud detection and response everywhere.
We Identify 40+ Fraud Patterns With QRadar SIEM
Using IBM Security QRadar SIEM, we can identify over 40 fraud patterns through monitoring:
- Payment card hijacking.
- Unauthorized software running on ATM.
- Transactions from one payer to several accounts in multiple locations and backwards.
- Over-the-limit transactions.
- Systematic transfer of funds between two accounts.
- PAN key entries.
- Unsuccessful authentication and user activity outside the office hours.
- Repeated payments.
- Suspicious payment purposes, and more.
ScienceSoft's Service Scope: SIEM/SOAR/SOC Offerings
- ScienceSoft Custom QRadar Apps - QLean App Suite (Download PDF)
- ScienceSoft QLean-based QRadar Assessment Offering (Download PDF)
- ScienceSoft QRadar SIEM Health Check Services (Download PDF)
- ScienceSoft QRadar Threat Case Services (Download PDF)
- ScienceSoft SIEM/SOAR Services (Download PDF)
- ScienceSoft SOC Services Offering (Download PDF)
Why Choose QRadar SIEM Implementation With ScienceSoft
- Since 2003 in cybersecurity services.
- Since 2011 in SIEM consulting and implementation.
- Since 2005 in IT services for banks and financial institutions.
- IBM Certified Security Specialists with experience in IBM QRadar SIEM and SOAR solutions (Resilient), Splunk Enterprise Security, Microsoft Azure Sentinel, Palo Alto Networks Cortex XSOAR/XSIAM, and Sumo Logic Cloud SIEM.
- ScienceSoft was involved in the development of IBM TSIEM/TSOM in 2006–2011. More recently (2011–2023), our team has become one of the leading global implementation partners for the QRadar Security Intelligence platform.
Our awards and partnerships
Named among America’s Fastest-Growing Companies by Financial Times, 4 years in a row
Named Best in Class in Web and Mobile Banking Software Development by FinTech Futures
Awarded for measurable results in insurance digital transformation by The Global Insurer
Listed in IAOP’s 2025 Global Outsourcing 100 for the 4th year running
Microsoft Partner since 2008
AWS Partner since 2017
ISO 9001-certified quality management system
ISO 27001-certified security management system
Our Clients Say
Gulnara Dashdamirova
Director of Security Department
We commissioned ScienceSoft to carry out QRadar implementation and support. ScienceSoft analyzed our technical requirements and created a design draft for a QRadar solution. During the following three months, they integrated QRadar with relevant IT infrastructure components, introduced standard and custom correlation rules and report templates, fine-tuned the SIEM solution to minimize false-positive offenses.
Our team needed an equally strong Business Partner with a high level of expertise in the QRadar platform. ScienceSoft was carefully selected from a curated list of Security Services firms, their level of commitment and technical knowledge were key for the needs of the IBM team. The leadership provided by ScienceSoft was outstanding, meeting delivery dates on time and on budget including highly specialized projects for our most demanding customers.
We cooperated with ScienceSoft as a technology partner on a SIEM deployment project for one of the leading mobile operator in Azerbaijan. Our primary vendor selection criterion was the solid experience in deployment, configuration and fine-tuning of IBM SIEM solution - QRadar. ScienceSoft team's professionalism ensured smooth three-party collaboration during the project implementation. All the business applications critical for customer were successfully integrated with QRadar.
