Options upgrades low latency route between Cartere... » New York: Options has announced that it has upgraded the route between the firm’s data center facili... Cloud World Forum examines security, privacy and r... » London: As the adoption of cloud computing continues to grow across the world, security, privacy and... U.S. Air Force selects Cubic for Moroccan P5 Air C... » Cubic Defense Systems, a subsidiary of Cubic Corporation has been awarded a contract valued at more ... Tokenless two-factor authentication defies “Heartb... » London: The existence of Heartbleed, a vulnerability in the OpenSSL open source software, was recent... Advanced application security now standard on Barr... » Basingstoke:  Barracuda Networks, Inc. has announced that it will offer advanced application securit... Check Point provides multiple protections against ... » Check Point has announced that its network security products offer multiple protections against the ... Tyco UAE and CNL Software partner for major UAE pr... » CNL Software has partnered for an iconic security management project with Tyco Fire & Security UAE, ... Cubic unveils new corporate branding » SAN DIEGO, Calif.: Cubic Corporation has introduced its new corporate brand identity. The name Cubic... Taxware acquires VAT Resource...enhances value add... » Wilmington, MA.: axware, a global provider of sales, use and value added tax (VAT) compliance softwa... Courion expands international footprint with two n... » London, UK: Courion has announced two new hires in the UK and the Middle East to help boost its stra...

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.