The Need to Address Fraud

On any given day, an organization is making headlines with fraudulent activity launched against it – either from trusted or un-trusted users. In business there is always risk, and these are some of the risks associated with Web, Web services and non-Web applications.

While fraud can't be 100% removed, it can be mitigated. Detecting, investigating, and responding to fraud efficiently and effectively has become an essential business process. Unfortunately, most organizations have inadequate solutions in place to deter fraudsters and lack the support tools for fraud investigators to quickly identify fraud and respond to the threats effectively.

ArcSight SIEM Platform for Fraud Mitigation

In some scenarios the ArcSight SIEM Platform may act as a standalone fraud solution, but it is also designed to integrate with fraud point solutions much the way it does with other point products such as firewall's, routers and intrusion prevention systems. Through this integration, organizations can benefit from more comprehensive analysis such as correlation, anomaly detection, and pattern discovery. More holistic reporting, visual analytics and incident response can also be leveraged. Perhaps most importantly, all the capabilities can be applied beyond applications to include the entire business IT infrastructure and address a wide-range of internal and external threats.

By combining information security and fraud “DNA” in a single solution the ArcSight AntiFraud Accelerator solution leverages the ArcSight’s field services organization and purpose-built fraud content that is layered on top of the ArcSight Enterprise Security Management (ESM) product.

Organizations can exponentially increase the value derived from operational systems and applications when they correlate multiple, disparate solutions together. The ArcSight AntiFraud Accelerator provides fraud investigators a holistic perspective of their risk posture that is tailored to their individual environments. Further, the solution provides real-time and forensic capabilities.

For more information on this subject and specific use cases we recommend downloading the white paper: Mitigating Fraudulent Transactions with SIEM and listening to the various ArcSight webcasts and podcasts.