Nice Actimize
NICE Ltd. () is an Israel-based company, specializing in contact center softwareNICE CXone, telephone voice recording, data security, surveillance, and Robotic Process Automation as well as systems that analyze recorded data.
The company serves ...
acquired Guardian Analytics, an American privately held company headquartered in
Mountain View, California
Mountain View is a city in Santa Clara County, California, United States. Named for its views of the Santa Cruz Mountains, it has a population of 82,376.
Mountain View was integral to the early history and growth of Silicon Valley, and is the ...
, in August 2020 which provides behavioral analytics and
machine learning
Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence.
Machine ...
technology for preventing banking fraud. It was established in 2005 and its products are based on
anomaly detection
In data analysis, anomaly detection (also referred to as outlier detection and sometimes as novelty detection) is generally understood to be the identification of rare items, events or observations which deviate significantly from the majority ...
to monitor financial transactions.
In 2012, Guardian Analytics together with
McAfee
McAfee Corp. ( ), formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company head ...
dissected the US$78 million
cyber attack
A cyberattack is any offensive maneuver that targets computer information systems, computer networks, infrastructures, or personal computer devices. An attacker is a person or process that attempts to access data, functions, or other restricted ...
titled
Operation High Roller
Operation High Roller was a series of fraud in the banking system in different parts of the world that used cyber-collection agents in order to collect PC and smart-phone information to electronically raid bank accounts. It was dissected in 2012 by ...
. In 2013 Guardian Analytics was listed among the Top 10 Influencers in banking
information security
Information security, sometimes shortened to InfoSec, is the practice of protecting information by mitigating information risks. It is part of information risk management. It typically involves preventing or reducing the probability of unauthorize ...
. 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.
NICE Ltd. () is an Israel-based company, specializing in contact center softwareNICE CXone, telephone voice recording, data security, surveillance, and Robotic Process Automation as well as systems that analyze recorded data.
The company serves ...
announced the acquisition of Guardian Analytics to "extend NICE Actimize's world-class financial crime and compliance solutions across the entire financial services sector."
Between November 2022 and January 2023, Guardian Analytics was the victim of a data breach, which impacted approximately 150,000 Webster Bank Customers in which sensitive personal information was compromised, including bank account and social security numbers
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.
The software is transparent to account holders and does not require any action on their side.
Guardian Analytics markets several services, targeting particular types of financial interactions:
* Guardian Analytics Online (for retail and business )
* Guardian Analytics Mobile
* Guardian Analytics ACH (for ODFIs & RDFIs)
* Guardian Analytics ACH Real-time (for ODFIs & RDFIs)
* Guardian Analytics Wire
* Guardian Analytics Wire Real-time
* Guardian Analytics Access
Guardian Analytics is marketed as
software as a service
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software.
SaaS is con ...
and can be deployed in the company's
SAS 70
SAS or Sas may refer to:
Arts, entertainment, and media
* ''SAS'' (novel series), a French book series by Gérard de Villiers
* ''Shimmer and Shine'', an American animated children's television series
* Southern All Stars, a Japanese rock ba ...
Type II certified environment.
FraudDESK
FraudDESK is a fraud monitoring managed service.
See also
*
Internet fraud
Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. Inte ...
*
Cyber-collection Cyber-collection refers to the use of cyber-warfare techniques in order to conduct espionage. Cyber-collection activities typically rely on the insertion of malware into a targeted network or computer in order to scan for, collect and exfiltrate se ...
*
Operation High Roller
Operation High Roller was a series of fraud in the banking system in different parts of the world that used cyber-collection agents in order to collect PC and smart-phone information to electronically raid bank accounts. It was dissected in 2012 by ...
References
External links
Guardian Analytics on Fox Business News{Dead link, date=August 2023 , bot=InternetArchiveBot , fix-attempted=yes
Fiserv Offers Guardian Analytics for Financial Institution Clients to Secure Online Banking Channels Computer security companies
Companies based in Mountain View, California