Tuesday, July 29, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Releases The Sharks Cove, A Raspberry Pi Alternative
EA Access for Xbox One Now Available
NVIDIA Rolls Out the GeForce 340.52 WHQL Driver
BlackBerry Strengthens Its Mobile Security Portfolio With The Acquisition of Secusmart
IBM, ACS And AT&T Claim Breakthrough In Elastic Cloud-to Cloud Networking
HP Says Internet of Things Devices Are Vulnerable to Attack
China Starts Anti-monopoly Investigation On Microsoft
Apple's MacBook Pros Now Come With Faster processors And More Memory
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > IBM To ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 20, 2014
IBM To Help Organizations Tackle Fraud


IBM is introducing new software and services to help organizations use Big Data and Analytics to address the $3.5 trillion lost each year to fraud and financial crimes.

A new generation of criminals are using digital channels ? such as mobile devices, social networks and cloud platforms - to probe for weaknesses and vulnerabilities. The pace of this threat continues to accelerate - identity fraud impacted more than 12 million individuals in 2012, resulting in theft of nearly $21 billion, and each day the U.S. healthcare industry loses $650 million due to fraudulent claims and payments.

IBM's new software allows organizations to gain better visibility and take a more proactive, holistic approach to countering fraud. This includes the ability to aggregate Big Data across a variety of internal and external sources - including mobile, social and online - and apply analytics that continuously monitor for fraudulent indicators. The new offerings feature advanced analytics that understand non-obvious relationships and co-occurences between entities, new visualization technologies that can identify and connect fraudulent patterns closer to point of operation, and machine learning to help prevent future occurrence based on previous attacks and behaviors.

IBM says that the new offerings can detect cross-channel mobile fraud and prevent cybercrime enablers like phishing scams. They can enable an insurance company to review thousands of claims in real-time to flag potentially fraudulent activity while processing legitimate claims faster, or help a global bank more accurately detect and investigate money laundering activities to meet regulatory compliance.

More information about IBM's "Smarter counter fraud" initiative, is available at www.ibm.com/smartercounterfraud.




Previous
Next
MAZ Introduces Stream Web Social Mobile Browser        All News        Samsung Sets Prices For Gear 2, Gear Fit
Google Makes Gmail HTTPS-only     General Computing News      Alibaba Invests In Messaging App Tango

Get RSS feed Easy Print E-Mail this Message

Related News
IBM Talks With Globalfoundries Stall Over Price: report
Apple and IBM Partner On Enterprise Mobility
IBM Announces $3 Billion Investment In Future Chip Research
IBM To Help China Deliver on Ambitious Energy and Environmental Goals
China Clears IBM, Lenovo Server Deal
IBM Hopes Nanotube Transistors Are Coming Aroud 2020
IBM May Sell Chip-Making Unit to Globalfoundries: report
IBM Ships POWER8 Power System Servers
IBM Patent Helps Eliminate Fraudulent Behavior in the Cloud
IBM And Fujifilm Squeeze Really Big Data In Magnetic Tapes
Researchers Discover New 'Self-healing' Industrial Polymers
IBM Develops Ultra-fast Phase Change Memory System

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .