Guardian Analytics

Guardian Analytics is an American privately held company headquartered in Mountain View, California which provides behavioral analytics and machine learning technology for preventing banking fraud. It was established in 2005[1] and its products are based on anomaly detection to monitor financial transactions.[2]

Guardian Analytics
TypePrivate
Founded2005
Headquarters
Mountain View, California
,
U.S.
Key people
  • Hue Harguindeguy, Co-CEO CFO
  • Eric Tran-Le, Co-CEO, VP, Product Management
  • Jesus Ortiz, VP, Product Development
  • John Olson, VP, Cloud Operations and Security
  • Gary Lisa, VP Sales
Products
  • Online Banking Security
  • Real-time Payment Fraud Protection
Websitewww.guardiananalytics.com

In 2012, Guardian Analytics together with McAfee dissected the US$78 million cyber attack titled Operation High Roller.[3] In 2013 Guardian Analytics was listed among the Top 10 Influencers in banking information security.[4] As of September 2016, nearly 430 financial institutions are using Guardian Analytics products to mitigate fraud risk and rely on the company to stop sophisticated criminal attacks.

In June 2020, NICE Ltd. announced the acquisition of Guardian Analytics to "extend NICE Actimize's world-class financial crime and compliance solutions across the entire financial services sector."[5]

Services

Guardian Analytics offers fraud prevention services for financial institutions. The general architecture includes two main components. The first component, the risk engine, merges analytics and behavior-based models of a user to create a probabilistic profile of each individual. By recognizing anomalous behavior, it is possible to identify fraudulent activity before loss occurs. The risk engine dynamically adapts to user behavior to be able to detect new fraud attacks. The second component is Visual Analytics, a data browser used by financial institutions to monitor, investigate, and resolve potential fraud by accessing collected data. This visual interface shows risk scores and the underlying contextual information to facilitate analysis and investigation.[6]

Guardian Analytics is able to detect fraudulent activities such as account takeover, account reconnaissance and fraudulent wire, ACH, and bill pay transactions. Guardian Analytics is not specific to the type of threat and can protect against cyber attacks such as phishing, vishing and Man in the Browser. The software is transparent to account holders and does not require any action on their side.[7]

Guardian Analytics markets several services, targeting particular types of financial interactions:

  • Guardian Analytics Online[8] (for retail [9] and business [10])
  • Guardian Analytics Mobile [11]
  • Guardian Analytics ACH (for ODFIs & RDFIs) [12]
  • Guardian Analytics ACH Real-time (for ODFIs & RDFIs)
  • Guardian Analytics Wire[13]
  • Guardian Analytics Wire Real-time
  • Guardian Analytics Access[14]

Guardian Analytics is marketed as software as a service and can be deployed in the company's SAS 70 Type II certified environment.[15]

FraudDESK

FraudDESK is a fraud monitoring managed service.[16]

See also

References
  1. Business Week: "Company Overview of Guardian Analytics, Inc"
  2. Mobile Banking Week: "Guardian Analytics Introduces New Anomaly Detection Solution to Protect Mobile Banking Channel"
  3. Wall Street Journal: "Operation High Roller Targets Corporate Bank Accounts"
  4. Bank Info Security: "Top 10 Influencers in Financial InfoSec" (number 8).
  5. "NICE Actimize acquires Guardian Analytics". Help Net Security. 2020-06-08. Retrieved 2020-09-09.
  6. Finovate Startup 2008 Video Archives
  7. Security Week: "Guardian Analytics Launches Managed Fraud Monitoring Service", July 13 2011
  8. SelectHub: FraudMAP Online by Guardian Analytics
  9. PR Newswire, "FraudMAP® Emerges as Standard for Anomaly Detection and Transaction Monitoring", Feb 8 2011
  10. "RFP Connect: "Guardian Analytics Offers FraudMAP For Business Banking", 20 Feb 2010". Archived from the original on 23 February 2010. Retrieved 24 February 2013.
  11. PC World: "Guardian Analytics Launches Fraud Detection Software for Mobiles", Apr 23, 2012
  12. Payment Eye: "Behaviour-based Fraud Prevention Solution for ACH Transactions", 14 August 2012
  13. The Wall Street Journal, April 22, 2013
  14. "Detect Unauthorized Access to Online Banking Accounts". Archived from the original on 2014-02-08. Retrieved 2014-02-01.
  15. "Mosaic Security Research: "FraudMAP Software as a Service"". Archived from the original on 2013-12-05. Retrieved 2013-02-24.
  16. PRN News: "Guardian Analytics Introduces Industry's First Fraud Monitoring Managed Service"
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