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Intellitactics and Radware Fight Online Fraud and Identity Theft
RESTON, Va. --(Business Wire)-- Intellitactics and Radware (NASDAQ:RDWR) have joined forces to provide businesses and government agencies a real-time capability to detect fraud and thwart identity theft. This alliance combines Intellitactics Security Manager and Radware's business-smart network to provide security and operational teams a way to monitor the activity of authenticated users accessing online portals and web applications. Upon identification of security breaches or suspicious activities, comprehensive investigatory and remediation efforts can then be initiated. Fast action halts fraudulent acts in process and protects users from the damages inflicted by fraud and identity theft.
The integrated product offering delivers real-time fraud detection and remediation by combining the actionable business events from Radware's Inflight solution with the powerful correlation and security event management capability from Intellitactics Security Manager. Leveraging Radware's business-smart network with its Inflight and AppDirector products, Intellitactics Security Manager can initiate remediation actions while the user is in-session; including redirection to an authentication solution and terminating or pausing the transaction. With a holistic approach to security management, security and information risk management teams can detect theft, fraud, and abuse of web-enabled assets such as financials and customer information; cut hours of investigative time; increase the accuracy of threat detection; and take preemptive action to protect critical information assets from both the "trusted" insider and the external cyber criminal. The combined solution delivers a multitude of business benefits, including reduced financial losses, real-time visibility into applications, increased operational efficiencies, and compliance with numerous industry regulations.
Identity theft and fraud are rampant today, costing firms in excess of the 2007 estimate of $45 billion**, not to mention jeopardizing the company's reputation and placing customers and employees at risk. Paul Bilden, General Manager, Inflight Group, Radware, explains the problem: "Fraudsters are employing an evolving arsenal of tactics and malware that necessitates nothing short of full-time vigilance. We are excited about Intellitactics embracing Radware's business-smart network strategy to enable real-time detection of policy and control violations and the necessary analysis, alerting and, where appropriate, remediation. When coupled with the business-smart network, Intellitactics' Security Manager provides security organizations the power to prevent fraudulent behavior in real-time."
Enterprises have traditionally relied on capturing web server logs to detect fraud in their online user community; however, the latency and lack of transaction details from server log files is insufficient for addressing emerging threats. Web logs provide neither the context nor the user awareness needed for meaningful analysis for fraud detection and compliance. In addition to the lack of relevant details provided in web logs, enterprises face performance problems on the production application servers due to excessive logging and aggregating. Deriving intelligence from the network, Radware's Inflight extracts information with in-session contextual awareness of the user and the user's activity. This is inclusive of the username, geographic location, and transactional details either requested by the user or returned from the web application. Radware's AppDirector intervenes when necessary in the remediation process acting as a delivery mechanism for interdicting the user session.
Sunil Bhargava, Intellitactics Chief Technology Officer explains the combined package value from the customer's perspective: "The integrated product offering accelerates the threat-management timeline. Operations can passively monitor authenticated-user activity in real-time, receive security alerts in real-time, and efficiently investigate suspicious activity. This leads to action - the absence of action only increases risk and ultimately increases costs in the form of damages to the customer relationship, the corporate brand, or to the agency mission. By compressing the 'time to notification and time to remediation timeline,' organizations can protect critical information assets, avoid expensive and embarrassing security incidents, and limit risk without sacrificing business effectiveness."
Intellitactics Security Manager consolidates and analyzes data from security devices, operating systems, and applications to provide real-time threat detection, historical analysis for forensics, and compliance reporting. Security Manager centralizes security information and automates log aggregation, event management, correlation, and analysis. One-click alert assessments and simple drill-down to the parsed and raw events provide contextual details for any alert under investigation. Further, Security Manager enables IT to streamline incident handling. Security Manager provides hundreds of reports that verify and validate compliance with regulatory standards, internal policies or industry best practices.
About Intellitactics, Inc.
Headquartered in Reston, VA, Intellitactics provides the world's leading enterprise security management solution used by security analysts, operations, and risk officers to achieve cost-effective regulatory compliance; mitigate risk by automating security operations; and accelerate incident resolution to ensure the availability of critical business services. Intellitactics' industry leading Security Manager empowers organizations to simplify the complex mandate to be secure and compliant with just one solution. Security Manager combines event, alert, and incident management to mitigate exposure to cybercrime, with extensive automated analysis and reporting. A strong complement to Security Manager is Intellitactics(TM) SAM, which measures security value and features security assurance metrics(TM) on a configurable dashboard. Intellitactics was awarded Common Criteria Certification in December 2004, making it the first software provider to earn this certification as a security information and event management solution. Founded in 1996, Intellitactics is backed by JMI Equity Fund LP and Lazard Technology Partners and is ranked by well-known industry analysts as a market leader known for innovative solutions and a commitment to customer success. Visit us at www.intellitactics.com.
About Radware
Radware (NASDAQ:RDWR), the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit www.radware.com.
**2008 identity fraud survey report - by Javelin Strategy & Research
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