Patelco Credit Union is adding the FraudMAP solution from Guardian Analytics to its online defenses.
The $3.9 billion San Francisco credit union said it chose the solution because of its ability to defend against sophisticated fraud attacks without impacting the member experience or placing excessive burden on IT security staff.
The FraudMAP solution uses the Los Altos, Calif., company's Dynamic Account Modeling technology to examine each online session for suspicious actions, and flags activities it rules inconsistent with predicted account holder behavior.
The FraudMAP solution works in conjunction with existing authentication and other defensive measures, the credit union said.
"FraudMAP's smart user interface makes it easy for us to have proactive approach to detecting and preventing fraud," said Racheal Strider, IT security manager at 290,000-member Patelco.
"More and more institutions are recognizing that existing security solutions are not enough to stop today's sophisticated online banking attacks and are investing in a new line of defense that can protect against today's fraud schemes, " said Terry Austin, president/CEO at Guardian Analytics.
Other billion-dollar credit union signings for Guardian Analytics have included Digital, Truliant and Star One.
--mrapport@cutimes.com
