Payments News

Security

DefenseStorm Expands Security for Financial Institutions With CyberFraud

DefenseStorm announced the addition of CyberFraud to its product offerings, providing an integrated solution for Information Security and BSA/AML Fraud departments in a single platform to prevent losses and protect account holders. With CyberFraud, alerts are delivered in real-time to block activity, perform step-up authentication and/or route for human investigation…This allows a financial institution (FI) to proactively detect and immediately respond to account takeover attempts, fraudulent loan applications, ACH/PTP/Wire fraud and money laundering activity.”