Ted Plumis, Vice President of World Wide Channel... » London, UK: Imperva Inc. has announced that Ted Plumis, vice president of World Wide Channels for Im... PixAlert launches integrated OCR capability to str... » PixAlert has introduced integrated, optical character recognition (OCR) capability to their portfoli... Blesma Chief Executive leads team to scale ne... » This summer, former Brigadier and Blesma Chief Executive, Barry Le Grys, will be leading a team of a... Championship teams unite in support of injured s... » Nottingham Forest and Bolton Wanderers players and fans pulled out all the stops on Saturday in supp... AdaptiveMobile launches SS7 Protection to sec... » DUBLIN & DALLAS: AdaptiveMobile has launched SS7 Protection – a new product that secures mobile oper... Portal wins 2015 IBM Beacon Award for Outstandin... » UK: Portal was named a winner of a 2015 IBM Beacon Award for Outstanding Solution for Midsize Busine... Moxa's new EDR-810 Firmware to support transpare... » Munich: Moxa has released a new firmware for the EDR-810 industrial 8+2G multiport secure router to ... Cubic receives additional $2.9 million training or... » SAN DIEGO, Calif.: Cubic Corporation has been awarded a contract modification valued at more than $2... Defence Secretary hails UK military for mission in... » Photo: MoD DEFENCE Secretary, Michael Fallon, has said that UK personnel have made a vital contribu... Quantum's Stornext cuts complexity with workload s... » SAN JOSE, Calif.: Quantum Corp. has announced a video surveillance solution certified with Milestone...

CLICK HERE TO

Advertise with Vigilance

Got News?

Got news for Vigilance?

Have you got news/articles for us? We welcome news stories and articles from security experts, intelligence analysts, industry players, security correspondents in the main stream media and our numerous readers across the globe.

READ MORE

Subscribe to Vigilance Weekly

Information Security Header

Alaric, a global supplier of fraud prevention and payments solutions, has opened a Rome based data analytics research centre to further develop the ultra high-performance numerical algorithms for its acclaimed Fractals fraud detection system. Such algorithms are critical to ensuring truly effective ‘in-flight’ fraud prevention. The investment is seen as a reflection of a long standing relationship with the data-mining group at the Sapienza Università di Roma.

The new centre will enable Alaric to accelerate its algorithmic research programme, thereby enhancing the levels of support delivered to its growing base of analytics customers in Europe, the Americas and Asia/Pacific. It will also allow Alaric to build significantly upon its relationship with the university going forwards.

"Historically, real time model-based analytics have mostly been used by card issuers for third party fraud detection," says Peter Parke, Operations Director of Alaric Systems. "However, the need for in-flight predictive analytics is exploding to encompass first party fraud, merchant fraud and dynamic credit risk management as well as card fraud prevention. Many banks and processors, whether issuers, acquirers or PSPs, are recognising the benefit they can derive from deploying real time model-based analytics.