The company said its Fraud Detection System combined with additional investigation and response techniques has enabled financial institutions to actively reduce and prevent the number of phishing attacks from impacting the online consumer. One Fraud Detection System customer was said to have seen a 90% reduction in phishing incidents on its online banking service.
The Corillian program is a web log analysis platform and methodology designed to provide companies with the ability to proactively address online fraud using a technique called Preemptive Forensics. According to the company, it allows customers to identify phishing behaviors before they turn into attacks and provides valuable information to help with anti-money laundering, regulatory compliance and web site reliability issues.
Customers of the Corillian Fraud Detection System are also expecting to be able to respond to fraudulent account activity, potential compliance violations, site probing and reconnaissance and site reliability and stability.
