Go to ScienceSoft Global
Fraud Protection for Banks
Fraud detection software is an indispensable part of all 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 solution to help our clients combat fraud.
Types of Fraud We Help Prevent
Many types of fraud 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.
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.
How We Ensure Efficiency of Fraud Protection
- Real-time data analysis.
- Monitoring all bank locations.
- Gathering data from all possible resources.
Why Choose QRadar SIEM Implementation with ScienceSoft
- Since 2003 in information security.
- ISO 9001- and ISO 27001-certified company to assure high quality of implementation services and customers' data security.
- Experienced team of IBM Certified Security Specialists with 200+ cybersecurity projects in Banking and Finance, Healthcare, Public Sector, Retail, Telecom, Oil & Gas and other industries.
Proven Success in Fraud Protection Solutions for Banks
12 results for:
QRadar SIEM Consulting for a South Asian Bank and Governmental Organization
In collaboration with a major South-Asian system integrator, ScienceSoft tailored and conducted trainings on QRadar SIEM for an Asian bank and governmental organization. Depending on the trainees’ QRadar experience, trainings offered Fundamentals and Advanced Training modules.
IBM Security QRadar SIEM Implementation for a Bank in the Gulf Cooperation Council
ScienceSoft configured and tuned IBM Security QRadar SIEM for a bank with $11+ billion assets thus enabling a proper identification of threats across the bank’s entire network.
Threat Intelligence and IBM Security QRadar SIEM Customization for a European Bank
ScienceSoft defined threat vectors, developed threat scenarios, and implemented custom SIEM correlation rules targeted at APT protection. The project ensured well-timed detection of unsolicited access to the bank’s ATM network.
IBM® Security QRadar® SIEM Integration with SMS Gateway for a Kenyan bank
ScienceSoft facilitated the Customer’s reaction to security offences with SMS gateway solution for IBM® Security QRadar® SIEM system.
IBM Security QRadar SIEM Implementation for a Bank with $370 Million in Assets
A custom SIEM solution with 2,500 EPS and 50+ custom correlation rules to enhance network security protection in compliance with PCI DSS. Our SIEM consultant also trained the Customer’s security team to operate the solution and investigate reported offenses.
