ARMONK, N.Y., Oct. 27, 2016 /PRNewswire/ -- IBM (NYSE: IBM)
today announced new behavioral
biometric analysis capabilities in its digital banking fraud
prevention technology, IBM Security Trusteer Pinpoint Detect, using
patented analytics and machine learning for real-time cognitive
fraud detection. The new behavioral biometric capabilities
incorporate the use of machine learning to help understand how
users interact with banking websites, creating gesture models based
on patterns of mouse movements that become increasingly more
accurate over time.
Through cognitive analysis of the gesture models, IBM Security
Trusteer Pinpoint Detect can help determine when unauthorized users
try to take over a bank account using stolen credentials by
detecting anomalies from the real customer's interaction with a
banking website. The technology understands the context and meaning
of subtle mouse movements and clicks, and uses this information to
develop increasingly more accurate gesture models through machine
learning.
According to IBM's X-Force Research, financial services is one
of the top three targeted industries for
cybercrime.1 In fact, nearly 20 million financial
records were breached in 2015.2 Cybercrime
organizations continue to develop malware and social engineering
techniques to target financial websites and customers, typically
with the goal of obtaining credentials to take over user
accounts.
For example, malware like the GozNym Trojan, recently found by
IBM's X-Force Research team, uses redirection attacks where an
unsuspecting customer is hijacked to a fake site where they are
made to enter their banking credentials for the hacker to steal.
These fake websites are set up by criminals to look precisely like
the bank's site, including the correct URL and SSL certificate in
the address bar. Once the criminal has those credentials,
they log in as the user and attempt to move as much money as
possible through fraudulent transactions.
With IBM Security Trusteer Pinpoint Detect, banks can help spot
when an unauthorized user is attempting to log into a customer
account, help prevent fraudulent transactions, and determine when
devices are infected with high-risk malware. Using technology
developed in partnership with the IBM Cyber Security Center of
Excellence at Ben-Gurion University,
Israel, IBM Security Trusteer
Pinpoint Detect is designed to seamlessly build gesture models in
real-time and analyze these behavioral biometric patterns against
learned user behavior and known fraud patterns. At the same time,
it gathers threat intelligence and adapts protection automatically,
providing financial institutions with customizable levels of
response.
The new behavioral biometric analysis features of IBM Security
Trusteer Pinpoint Detect enable real-time risk assessment based on
gesture modeling. When users access their online banking site, IBM
Security Trusteer Pinpoint Detect is designed to collect user
behavior, detect potential device spoofing, identify access with
compromised credentials, and correlates various other device
attributes. Through the addition of cognitive fraud
detection, IBM Security Trusteer Pinpoint Detect is designed to
also provide real-time evaluation of behavioral biometric
indicators – with no additional costs, entitlements, or
implementation requirements.
"Given enough time and resources, cybercriminals can defeat
passwords and security questions," said Ravi Srinivasan, Vice President, Strategy, IBM
Security. "Behavioral biometrics is about what the user does,
not what the user knows. IBM Security Trusteer Pinpoint Detect now
can now better differentiate real users from fraudsters using
gesture models, giving banks and other organizations the power to
protect the interests of their customers, and ultimately determine
the sources of financial fraud."
IBM Security Trusteer Pinpoint Detect protects hundreds of
global financial institutions and banking websites against account
takeover and fraudulent transactions and helps detect end user
machines infected with high risk malware. IBM intends for customers
to start receiving the behavioral biometric and cognitive fraud
detection capabilities at no additional charge via system updates
as early as December 2016. Learn more
about IBM Security Trusteer Pinpoint Detect and behavioral
biometrics here.
About IBM Security
IBM Security offers one of the most advanced and integrated
portfolios of enterprise security products and services. The
portfolio, supported by world-renowned IBM X-Force® research,
enables organizations to effectively manage risk and defend against
emerging threats. IBM operates one of the world's broadest security
research, development and delivery organizations, monitors 35
billion security events per day in more than 130 countries, and
holds more than 3,000 security patents. For more information,
please visit www.ibm.com/security, follow @IBMSecurity on Twitter
or visit the IBM Security Intelligence blog.
1 IBM Cyber Security Intelligence Index, 2016
2 IBM X-Force Interactive Security Incidents
CONTACT:
Dillon Townsel
dillon.townsel@ibm.com
512-571-3455
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SOURCE IBM Security