Kaspersky unveils Kaspersky Fraud Prevention Cloud

Kaspersky Lab has released Kaspersky Fraud Prevention Cloud, a new solution for organizations facing risks from fraudulent activity via fast-growing online services. In addition to fraud prevention solutions for endpoints and mobile devices within Kaspersky Fraud Prevention platform, the new product features a set of cloud-based technologies designed to give banks, financial institutions, loyalty schemes providers and government agencies protection against fraudsters. These include a global device reputation database, device and environmental analysis, behavioral analysis and biometrics, and clientless malware detection.

Kaspersky Fraud Prevention Cloud accumulates and analyzes user behavior, device, environment and session information as anonymized and depersonalized big data in the cloud, making it available to expert forensics and automatic offline analysis. This new information feeds into an organizations internal Enterprise Fraud Management system, which enables proactive fraud detection in real time, even before a transaction occurs.

Risk Based Authentication (RBA) assesses the risks before a user is logged into a digital channel, providing decisions to internal back-end systems on whether to proceed, request additional authentication information or block access until further verification.

Continuous Session Anomaly Detection also helps to maximize fraudulent detection by identifying account takeover, new account fraud, money laundering, automated tools or any suspicious processes that occur during the session. As such, Kaspersky Fraud Prevention Cloud acts not only during the login process, but also during the whole session, building statistical models of various behavioral patterns with the help of machine learning technologies.

Clientless malware detection as part of Kaspersky Fraud Prevention Cloud combines direct and proactive detection techniques. The first identifies whether a customer’s device is used to directly attack a particular organization’s digital services. The second helps to identify malware that is not affecting the organization directly but may potentially be adapted for this purpose in the future. This helps a company to minimize risks and avoid losses of an actual attack when one occurs.

Kaspersky Fraud Prevention Cloud is available around the world.