Fight Rapidly Changing Fraud Threats

Where customers see convenience in banking online and with their mobile devices, fraudsters see new opportunities to launch more sophisticated attacks on financial services and insurance (FSI) organizations. The stakes are high, too. It’s estimated that global money laundering transactions comprise 2 to 5 percent of global GDP, equivalent to $1-2 trillion.1 Detecting and preventing these transactions requires an innovative approach to data analytics. However, a recent report by Cloudera revealed 60 percent of IT and cyber security organizations said a key cyber security challenge they face is the limitations set by their technologies.2

As a financial services business leader, driving your organization’s response to fraud and cybercrime is one of your top priorities. To counter such sophisticated attacks, banks must be able to deploy innovative, analytics-driven technologies that can both detect existing threats and help to anticipate new ones as they emerge.

Detect and Help Prevent Fraud with a 360-Degree Overview of Your Data

The rigid, rules, and silos-based approach to data management of days past simply won’t be enough to prevent your organization from becoming a victim of fraud. That’s because this traditional method denies you the holistic insights you need to make connections between customers or events that, at first glance, may seem unrelated. When integrated, however, evidence may emerge of collusion between claimants, or a pattern of fraudulent activity that had previously gone unnoticed.

This can be achieved using a data lake, a centralized data platform that – dependent on security restrictions – can enable you to view and access all data, from all sources, and in any format. Once your data lake is populated, artificial intelligence (AI) and machine learning-based technologies can be used to quickly channel your data into meaningful, real-time fraud detection insights. In contrast to a rules-based approach, which uses a fixed set of criteria to decide if a transaction is fraudulent, AI systems are more flexible, considering as much data as possible. By analyzing data from multiple sources, AI systems can ‘join the dots’ across your organization and flag suspicious behaviors your staff may not be aware of.

You can find about more about the steps required to deploy a data lake in this recent white paper from Intel.

You Can’t Afford to Waste Time

Fraud detection is also incredibly time-sensitive. The longer a breach goes undetected, the more your organization risks losing money – and credibility.

Deploying high-performance analytics - means you can monitor more risks in less time, and put more time into emerging threats and detect fraud faster. Not only that, but simplifying data preparation saves your organization valuable time and money by reducing the demands on IT staff, and ensuring data quality functions are handled by those with the necessary expertise.

Protect Your Customers with Biometric Security

With passwords, swipes and signatures simply not up to the job of protecting today’s always-on consumers, consider ways you can offer innovative protection methods that keep customer data safe without causing inconvenience. As 60 percent of mobile malware is designed to capture financial information on your device, it’s clear fraudsters have adapted to the shift in consumer preferences.3

Many financial organizations are also looking to fingerprint, facial, and voice authentication systems. Citibank has already collected and registered the voiceprints of around 250,000 of its customers.4

While not foolproof, these technologies are being refined continuously. It may not be long, for example, until you’re withdrawing cash at an ATM using an iris scanner rather than a debit card.

In the fight to prevent fraud, innovation is an organization’s greatest weapon. Staying ahead of cybercriminals requires creativity, and a comprehensive understanding of your data to ensure you’re leaving no stone unturned.

To find out more about how you can use the cloud to bring together your data to help fight fraud and money laundering, take a look at this recent white paper from Intel.5 6 7

产品和性能信息

5Intel® technologies’ features and benefits depend on system configuration and may require enabled hardware, software, or service activation. Performance varies depending on system configuration. No computer system can be absolutely secure. Check with your system manufacturer or retailer or learn more at https://www.intel.cn/content/www/cn/zh/architecture-and-technology/quick-sync-video/quick-sync-video-general.html
6

基准性能测试结果均在实施近期软件补丁和固件更新(旨在解决称为“幽灵”和“熔断”所造成的漏洞)之前完成。实施这些更新后,这些结果可能会不适用于您的设备或系统。

性能测试中使用的软件和工作负载可能仅可基于英特尔® 微处理器进行性能优化。性能测试(如 SYSmark* 和 MobileMark*)使用特定计算机系统、组件、软件、操作和功能进行测量。对这些因素的任何更改可能导致不同的结果。您应该查询其他信息和性能测试以帮助您对正在考虑的采购作出全面的评估,包括该产品在与其他产品结合使用时的性能。有关更多完整的信息,请访问 http://www.intel.com/benchmarks

7

这里提到的所有信息如有更改,恕不另行通知。请联系你的英特尔代表,以获取最新英特尔® 产品规范和路线图。