Menu
Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

RSA Announces Major 2007 Achievements in Consumer Authentication and Online Fraud Protection That Help Customers Accelerate Their Businesses

  • 03 December, 2007 15:32

<p><i> Over 7 billion online financial transactions processed to date by RSA’s risk engine</i></p>
<p> RSA Anti Fraud Command Center celebrates three years of operations – with more than 55,000 online attacks identified so far</p>
<p>RSA, The Security Division of EMC (NYSE: EMC), today highlighted several major accomplishments in consumer protection over the first three quarters of 2007. These successes include reaching impressive milestones in the number of online financial transactions processed by RSA’s systems and in anti-fraud protection.</p>
<p>“RSA is proud to have built one of the most comprehensive suites of solutions in the industry, both for the protection of customers' information and identities and for the mitigation of online fraud,” stated Mark Pullen, Country Manager Australia New Zealand at RSA. “Organisations are increasingly looking to RSA to help them realise the full value of their information assets, and to enable the acceleration of their business through customer confidence and robust threat management.”</p>
<p><b>Billions of Online Financial Transactions Processed</b></p>
<p>As of September 30, 2007, RSA’s risk engine – used within the RSA Adaptive Authentication and RSA® Transaction Monitoring solutions – has processed more than seven billion online transactions. Over recent months the rate of processed transactions has accelerated sharply, through the addition of new customers and end-users, and with financial institutions logging more activities as they seek to offer greater protection. RSA expects that it will shortly be handling more than one billion transactions every month.</p>
<p>As the core of the RSA Adaptive Authentication and RSA Transaction Monitoring solutions for remote channel fraud, the sophisticated risk engine is designed to analyse each transaction based on a multitude of parameters and sources, such as IP geo-location, device ID, ANI transaction amount and data from the RSA eFraudNetwork™ community. Once a risk score has been generated, each transaction is either allowed to continue without challenge, or appropriate action – such as logging, or additional authentication if necessary – is invoked according to the specific system configuration. As measured by major clients who share full fraud data with RSA, RSA’s risk engine has consistently detected 75%-95% of fraud in its various deployments over the past three years.</p>
<p><b>RSA® Anti-Fraud Command Center Anniversary</b></p>
<p>The 24x7x365 RSA® Anti Fraud Command Center (AFCC) celebrated its third anniversary this year. The AFCC has become one of the industry’s most effective and experienced resources for dealing with phishing, pharming, Trojans and additional types of online fraud attacks. Since its inception in 2004, the AFCC’s fraud analysts have worked with more than 5,300 ISPs, registrars and other hosting entities to help shut down more than 55,000 attacks – including more than 29,000 in the first three quarters of 2007.</p>
<p><b>About RSA</b></p>
<p>RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle - no matter where it moves, who accesses it or how it is used.</p>
<p>RSA offers industry-leading solutions in identity assurance &amp; access control, encryption &amp; key management, compliance &amp; security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit www.RSA.com and www.EMC.com.</p>
<p>This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors disclosed previously and from time to time in the filings of EMC Corporation, the parent corporation of RSA Security Inc., with the U.S. Securities and Exchange Commission. RSA and EMC disclaim any obligation to update any such forward-looking statements after the date of this release.</p>
<p><b>Media Contact</b></p>
<p>Dana Hartwig</p>
<p>e:dana@kinetics.com.au</p>
<p>Ph: +61 2 9212 3848</p>

Most Popular

Market Place

Computerworld
ARN
Techworld
CMO