Intellitactics and Radware (NASDAQ:RDWR) have joined forces to provide
businesses and government agencies a real-time capability to detect
fraud and thwart identity theft. This alliance combines Intellitactics
Security Manager and Radware’s business-smart
network to provide security and operational teams a way to monitor the
activity of authenticated users accessing online portals and web
applications. Upon identification of security breaches or suspicious
activities, comprehensive investigatory and remediation efforts can then
be initiated. Fast action halts fraudulent acts in process and protects
users from the damages inflicted by fraud and identity theft.
The integrated product offering delivers real-time fraud detection and
remediation by combining the actionable business events from Radware’s
Inflight solution with the powerful correlation and security event
management capability from Intellitactics Security Manager. Leveraging
Radware’s business-smart network with its
Inflight and AppDirector products, Intellitactics Security Manager can
initiate remediation actions while the user is in-session; including
redirection to an authentication solution and terminating or pausing the
transaction. With a holistic approach to security management, security
and information risk management teams can detect theft, fraud, and abuse
of web-enabled assets such as financials and customer information; cut
hours of investigative time; increase the accuracy of threat detection;
and take preemptive action to protect critical information assets from
both the “trusted”
insider and the external cyber criminal. The combined solution delivers
a multitude of business benefits, including reduced financial losses,
real-time visibility into applications, increased operational
efficiencies, and compliance with numerous industry regulations.
Identity theft and fraud are rampant today, costing firms in excess of
the 2007 estimate of $45 billion**, not to mention jeopardizing the
company’s reputation and placing customers and
employees at risk. Paul Bilden, General Manager, Inflight Group,
Radware, explains the problem: “Fraudsters are
employing an evolving arsenal of tactics and malware that necessitates
nothing short of full-time vigilance. We are excited about
Intellitactics embracing Radware’s
business-smart network strategy to enable real-time detection of policy
and control violations and the necessary analysis, alerting and, where
appropriate, remediation. When coupled with the business-smart network,
Intellitactics’ Security Manager provides
security organizations the power to prevent fraudulent behavior in
real-time.”
Enterprises have traditionally relied on capturing web server logs to
detect fraud in their online user community; however, the latency and
lack of transaction details from server log files is insufficient for
addressing emerging threats. Web logs provide neither the context nor
the user awareness needed for meaningful analysis for fraud detection
and compliance. In addition to the lack of relevant details provided in
web logs, enterprises face performance problems on the production
application servers due to excessive logging and aggregating. Deriving
intelligence from the network, Radware’s
Inflight extracts information with in-session contextual awareness of
the user and the user’s activity. This is
inclusive of the username, geographic location, and transactional
details either requested by the user or returned from the web
application. Radware’s AppDirector intervenes
when necessary in the remediation process acting as a delivery mechanism
for interdicting the user session.
Sunil Bhargava, Intellitactics Chief Technology Officer explains the
combined package value from the customer’s
perspective: “The integrated product offering
accelerates the threat-management timeline. Operations can passively
monitor authenticated-user activity in real-time, receive security
alerts in real-time, and efficiently investigate suspicious activity.
This leads to action – the absence of action
only increases risk and ultimately increases costs in the form of
damages to the customer relationship, the corporate brand, or to the
agency mission. By compressing the ‘time to
notification and time to remediation timeline,’
organizations can protect critical information assets, avoid expensive
and embarrassing security incidents, and limit risk without sacrificing
business effectiveness.”
Intellitactics Security Manager consolidates and analyzes data from
security devices, operating systems, and applications to provide
real-time threat detection, historical analysis for forensics, and
compliance reporting. Security Manager centralizes security information
and automates log aggregation, event management, correlation, and
analysis. One-click alert assessments and simple drill-down to the
parsed and raw events provide contextual details for any alert under
investigation. Further, Security Manager enables IT to streamline
incident handling. Security Manager provides hundreds of reports that
verify and validate compliance with regulatory standards, internal
policies or industry best practices.
About Intellitactics, Inc.
Headquartered in Reston, VA, Intellitactics provides the world’s
leading enterprise security management solution used by security
analysts, operations, and risk officers to achieve cost-effective
regulatory compliance; mitigate risk by automating security operations;
and accelerate incident resolution to ensure the availability of
critical business services. Intellitactics' industry leading Security
Manager empowers organizations to simplify the complex mandate to be
secure and compliant with just one solution. Security Manager combines
event, alert, and incident management to mitigate exposure to
cybercrime, with extensive automated analysis and reporting. A strong
complement to Security Manager is Intellitactics™
SAM, which measures security value and features security assurance
metrics™ on a configurable dashboard.
Intellitactics was awarded Common Criteria Certification in December
2004, making it the first software provider to earn this certification
as a security information and event management solution. Founded in
1996, Intellitactics is backed by JMI Equity Fund LP and Lazard
Technology Partners and is ranked by well-known industry analysts as a
market leader known for innovative solutions and a commitment to
customer success. Visit us at www.intellitactics.com.
About Radware
Radware (NASDAQ:RDWR), the global leader in integrated application
delivery solutions, assures the full availability, maximum performance,
and complete security of business-critical applications for more than
5,000 enterprises and carriers worldwide. With APSolute™,
Radware's comprehensive and award-winning suite of intelligent front
end, access, and security products, companies in every industry can
drive business productivity, improve profitability, and reduce IT
operating and infrastructure costs by making their networks "business
smart." For more information, please visit www.radware.com.
**2008 identity fraud survey report – by
Javelin Strategy & Research
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