Technology has made great advances in protecting your bank … but while we can manage the behavior of computers, their users – your customers – remain unpredictable and liable to make mistakes. Criminal gangs know this and use increasingly sophisticated tricks to compromise online and mobile banking services:
Every time a customer suffers an attack, your bank could lose money... and your hard-won business reputation could be severely damaged.
Kaspersky Fraud Prevention Platform Introduction
Cybercriminals know that banks are well protected, so they look for softer targets – the bank’s customers. In February 2014 Gartner’s IT security analysts concluded: "People continue to be the weakest link in the security chain, so the criminal social engineering of victims will increase in levels of deviousness and frequency."
Every year, hundreds of millions of dollars are being stolen from online banking services – and the ease and popularity of mobile banking multiples the risks.
Contemporary banking Trojans can bypass traditional security measures, including one-time passwords (SMS, TAN generators), tokens and CVV2.
Not every customer understands the need for security. Some access their accounts from unprotected computers or devices. But if they inadvertently enable an attack against their accounts, your bank could be left to pick up the bill – and the pieces of a shattered reputation.
Even security-conscious customers may overlook the need to protect mobile devices as vigorously as their home or office PC or Mac. These unprotected devices are outside your security perimeter so traditional banking security is unlikely to safeguard them, or you.
Adding Kaspersky Fraud Prevention to your existing security measures helps to prevent fraud before it happens, while most other approaches can only react to a problem that is already costing your bank time and money.
Although most banks employ highly-skilled Fraud Analysts and IT Security Administrators and Managers, these personnel primarily focus on bank-related security issues and they may not have detailed knowledge of emerging cybercrime techniques, new malware threats and the latest innovations in IT security.
Kaspersky Fraud Prevention plugs you into Kaspersky Lab’s proven market-leading protection technologies and put the power of our cloud-based Kaspersky Security Network at your fingertips. The Kaspersky Fraud Prevention Console gives your IT security team all the key data and feedback at a glance, including information about users who do not have Kaspersky Fraud Prevention for Endpoints on their devices.
Although knowledge transfer – from experts in cybercrime and anti-fraud technologies, to the bank’s internal security team – can be enormously beneficial, it can be difficult to find consultants and training services that have the required level of expertise.
Kaspersky Fraud Prevention delivers comprehensive, multi-layered security for online and mobile banking. Its unique security technologies enhance your bank’s existing security solutions, providing an extra layer of defense on your customers’ endpoints.
Introducing Kaspersky Fraud Prevention Platform
Award-winning Kaspersky Lab technologies can be easily installed directly onto one of the most vulnerable elements in any online transaction – your customers’ endpoints.
Kaspersky Fraud Prevention for Endpoints can be easily downloaded onto your customers’ Windows or Mac computers to provide multi-faceted security for online transactions.
Kaspersky Fraud Prevention SDK delivers component-level mobile device protection technologies – including anti-malware, SMS interception blocking, self-defense, screen capture detection and much more – that you can integrate with the own-branded security solution that you already offer your customers.
Kaspersky Fraud Prevention Console delivers useful statistical information to keep your IT security team up to date with how the anti-fraud system is performing in real time.
Kaspersky Lab boasts almost two decades’ worth of experience in developing its own market-leading anti-malware technologies. Since almost all malware is intended to steal money, the expertise engrained in the company’s DNA is closely tied to protecting against malware that targets banks and financial services.
The GReAT research team helps to keep Kaspersky Lab at the cutting edge of the cybersecurity world. Bringing together some of the finest minds in the industry from all parts of the world, GReAT has uncovered some of the most sophisticated targeted attacks on businesses so far seen.
Since the company’s inception, Kaspersky Lab has battled against malware that aims to steal money. Several years of painstaking research has resulted in a unique level of expertise in combating malware – and especially financial malware. Kaspersky Fraud Prevention leverages this in-depth knowledge and understanding to stop fraudulent activity before it can start, protecting banks’ resources and reputations.
With cybercriminals releasing new malware and attacks every day, if your security solution can’t keep pace – in real time – with the relentless launch of new and emerging threats, the security of your online banking services could be severely compromised.
This means some products struggle to identify and block fraudulent transactions. They can also suffer from a high incidence of ‘false positives’ – blocking legitimate transactions and harming customer service.
By contrast, Kaspersky Lab has the scale, resources and global expertise needed to keep pace with new and emerging threats – and deliver efficient protection against malware and fraudsters.
Kaspersky Lab’s complex distributed infrastructure – Kaspersky Security Network (KSN) – automatically processes information about potential malware and suspicious behavior that’s occurring on many millions of volunteers’ devices.
The fact that KSN can analyze real-time data about potential threats enables Kaspersky Lab to provide your customers’ devices with a much more rapid response to newly identified threats.
The security solution can be tailored to your organization’s specific requirements, ensuring that your trademark user experience remains intact.
Fewer fraud cases mean fewer pay-outs to customers and less staff time taken up by investigating and resolving incidents.
Trust is vital to every bank and reports of high-profile frauds can wreck valuable business relationships, even with clients unaffected by a security breach.
A single flexible licensing model covers all platforms and the solution can be operated alongside the bank’s existing security solutions.
The Kaspersky Fraud Prevention platform is built on Kaspersky Lab’s own in-house technologies to protect against the full range of threats that target banks and their users:
As soon as the application is installed it leverages the power of the Kaspersky Security Network cloud service and advanced heuristic technologies to reliably defend against even the latest phishing campaigns.
Cybercriminals try to create sophisticated programs to launch lucrative attacks on Internet banking channels and takeover accounts or hijack transactions. Kaspersky Fraud Prevention ensures that users have a safe working environment on the PC or mobile device that is connecting to your bank.
Kaspersky Fraud Prevention makes sure that the user’s connection the banking site is safe, preventing Man-in-the-Middle attacks.
Kaspersky Fraud Prevention opens a Safe Browser for every online banking session. Safe Browser prevents any unauthorized intrusion into browser processes and protects the user’s data against malware, screen grabs, keylogging and clipboard hacking.
Technologies ensure that users stay protected even if malware attacks the security solution itself.
Data protection technologies keep payment information and SMS communications between users and the bank safe from prying eyes. Risk detection ensures that mobile devices are free from malware or vulnerabilities that could jeopardize transactions.
Kaspersky Lab is a world leader in protection against malware, boasting almost two decades of technological expertise in combatting the most sophisticated online threats. Over 400 million people worldwide are protected by Kaspersky Lab’s technologies and 270,000 companies use our solutions to safeguard their businesses. Unique expertise in thwarting all manner of online financial threats is in the company’s DNA. And it’s not just Kaspersky Lab users who have faith in the company’s expertise – independent testing organizations like AV Test and AV Comparatives regularly confirm the reliable and powerful protection on offer.
Technology Leadership Profile
Kaspersky Lab is one of the leaders in cyber security technology thanks to our dedicated emphasis on in-house R&D. One third of the company’s 3,000 employees are directly involved in creating and developing the best possible security solutions and about 300 of them focus on researching new cyber-security threats and producing innovative, cutting edge protection methods. Our research shows that about 325,000 new types of malware emerge every day, many of them specifically designed to target banks and payment systems. The company’s performance in specialist independent testing proves that few can match Kaspersky Lab’s ability to identify and protect against the newest cyberthreats.
We don’t just protect transactions – we protect the people who put their trust in your bank. With a huge user base of 400 million people worldwide, all connected into our Kaspersky Security Network cloud infrastructure, Kaspersky Lab can provide swift big data analysis and deliver a prompt response to any emerging threat. Our technologies take that information and use it to deliver protection to millions of people, directly on the devices where they access the Internet.
We understand that end users demand a smooth, stress-free online experience. That’s why our protection technologies do their work quietly and efficiently in the background, without disturbing users. While some other companies offer inflexible ‘one-size-fits-all’ solutions, Kaspersky Fraud Prevention is fully customizable through our White Labelling system, enabling banks to incorporate Kaspersky Lab’s expertise seamlessly into their own website experience.