Intellinx Announces Successful Release of Version 4 of its Enterprise Fraud Management Platform
With New Intellinx Version 4 Organizations can become Proactive in Combating Internal and External Fraud
Englewood Cliffs, NJ (PRWEB) November 23, 2010
Intellinx Ltd., a pioneer of end-user behavior tracking solutions for fraud protection, today announces that new Version 4 of its Intellinx Enterprise Fraud Management Solution has been deployed successfully at five customer sites. The Intellinx solution provides unparalleled visibility to employee and customer activity in corporate systems. Combined with advanced behavior and fraud analytics that generate real-time alerts the solution offers a breakthrough in fraud protection enabling organizations to prevent various types of fraud which holds every end-user, external or internal, accountable for every action performed.
The new version offers several main benefits:
Advanced fraud scoring system that empowers business users with no technical background to configure the powerful, yet simple to use fraud incident scoring engine. It allows anti-fraud and security personnel to respond quickly to new threats and detect new fraud scenarios without involving IT personnel. False positive rates can be kept low by managing the scoring functions, parameters and thresholds.
Improved alert and case management with workflow functions which are easily customized to route cases and alerts automatically or manually between investigators, supervisors and other functions. An alert or case can go through several steps during the workflow, where a set of actions can be defined for each step.
Enhanced link analysis function which visualizes the links between customers, accounts, employees, addresses, phone numbers, social security numbers and other types of information in a dynamic and intuitive way. The system allows business users to create new charts in a matter of minutes and control the chart functions while displayed.
Improved performance of the analytic engine.
“We are listening closely to our customers” says Orna Mintz-Dov, Intellinx CEO and Co-Founder, “In the new version we have enhanced several key functions of the product in response to our customers’ requests. As attacks from organized crime rings are becoming more frequent and more sophisticated, organizations have to respond quickly. Our solution is known for its exceptionally short implementation time, which is possible thanks to the unique approach in capturing business data directly from the corporate network, reducing the need for long ETL projects which are typically required for anti-fraud implementations. One of the key issues that the new version improves is enabling fraud and security teams to utilize and configure the system independently of their IT departments as much as possible.”
Financial, government, healthcare and telecom enterprises worldwide utilize Intellinx for preventing information leakage, IT sabotage and various types of fraud including employee fraud, payments fraud, phone banking fraud, e-banking fraud, check kiting and others. The system obtains detailed forensic audit trails of business related activities of all end-users - employees, contractors and customers. All access to corporate data is recorded and is available for playback, including update transactions and user queries. The Intellinx audit trail and advanced analytics enable adding controls to corporate systems without making any changes in the applications code. This can facilitate compliance with government regulations, such as Sarbanes-Oxley, Basel II, Identity Theft Red Flags, GLBA and HIPAA as well as industry regulations such as PCI DSS. Moreover, Intellinx can be utilized for Continuous Controls Monitoring.
Based on patented technology, the Intellinx agent-less architecture generates no overhead and poses no risk to normal IT operation. The basic implementation process is very short (typically just a few hours) as the system runs on a separate server with no need to install anything on host or clients and with no need to change any organization’s application code.
About Intellinx Ltd.
Intellinx Ltd. (http://www. intellinx-sw. com) is the innovative leader in end-user behavior tracking solutions for detecting and preventing enterprise fraud and information leakage. The Intellinx solution is known for its exceptional out-of-the-box business value. It enables large and medium size organizations to become proactive in addressing the challenge of various types of fraud committed by legitimate end-users who are authorized to access corporate applications from within and from outside the organization. The Intellinx solution is utilized by financial, healthcare, telecom and government organizations in more than 30 countries worldwide.
For more Information:
Hagai Schaffer
201-567-7737
Hagais (at) intellinx-sw (dot) com
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