FraudMAP® Emerges as Standard for Anomaly Detection and Transaction Monitoring

LOS ALTOS, Calif., Feb. 8, 2011 /PRNewswire/ -- Guardian Analytics, the innovator in behavioral analytics fraud prevention software, today announced a record 2010. Accomplishments include 150 percent year-over-year growth in financial institutions adopting its flagship solution FraudMAP, 100 percent customer renewals of its subscription-based service, and 134 percent revenue growth H2 2010 over H1 2010. The rapid growth in new customers and continued investment by existing ones demonstrates that financial institutions are prioritizing a new generation of anti-fraud solutions to counteract the growing risks in online and mobile banking from cybercriminals' relentless attacks on existing security controls.

A rapidly growing number of national and community financial institutions which operate on 15 of the leading online retail and business banking platforms have standardized on FraudMAP for anomaly detection and transaction monitoring. FraudMAP uses behavioral analytics to detect account takeover and fraudulent transactions by proactively identifying suspicious activities relative to normal aggregate and individual behavior.

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