Virtis: The Strongest Shield Against Digital Network Perimeter Breaches

Top 10 Fraud and Breach Protection Solution Companies - 2021

The coronavirus pandemic has created new challenges for businesses as they adapt to an operating model in which working from home has become the ‘new normal’. Companies are accelerating their digital transformation, and cybersecurity is now a major concern. The reputational, operational, legal and compliance implications could be considerable if cybersecurity risks are neglected.

The increase in remote working calls for a greater focus on cybersecurity, because of the greater exposure to cyber risk. This is apparent, for example, from the fact that 47 percent of individuals fall for a phishing scam while working at home. Cyber-attackers see the pandemic as an opportunity to step up their criminal activities by exploiting the vulnerability of employees working from home and capitalizing on people’s strong interest in coronavirus-related news (e.g. malicious fake coronavirus related websites). Another important consideration is that the average cost of a data breach resulting from remote working can be as much as $137,000.

One of the reasons for the spike in cyberattacks may be due to the fact that some small and medium-sized businesses take a ‘Bring Your Own Device’ (BYOD) approach (in contrast to a ‘Corporate Owned Personally Enabled’ (COPE) approach), which means that employees can use their personal devices (phones, tablets, or laptops) to access corporate information. Working from home does not guarantee the same level of cybersecurity as an office environment. When using a personal computer or laptop to access corporate files and data (even with the security of an MDM solution) users are more exposed to cyberattacks. For example, employees may not run an antivirus or anti-malware scan regularly, if at all. A home working environment does not have sophisticated enterprise prevention and detection measures. Additionally, home Wi-Fi networks are much easier to attack.

There are ways to reduce the likelihood and impact of a cyberattack, but it requires focused action and planning. Companies need to make their remote working practices resilient to cyberattacks and enhance their development and application of security measures. We present to you, “Top 10 Fraud and Breach Protection Solution Providers - 2021.”  

    Fraud and Breach Protection Solutions Companies

  • Founded in 1991, ChequeGuard Inc is the leading innovator in cheque fraud solutions for smaller and medium-size businesses and financial institutions. ChequeGuard's FormSuite for the IBM AS/400 series, and ChequeSeal™ and ChequeSuite™ for Windows allow businesses to integrate and rapidly deploy secure, controlled cheque printing and electronic payment solutions (In the USA: Automated Clearing House (ACH)), while concurrently creating a Positive Pay file for the bank as the cheques are printed by the customer.

    www.cheque-guard.com

  • Databreachiq services provide the Planning, Monitoring and Response support clients need to save time and money in the unfortunate event of a Data Breach. Along with the DataBreachIQ® brand, the company housesIdentityIQ®and MyScoreIQ® brands for credit report monitoring and identity theft protection. Broadly, IDIQ® also delivers credit information, education, and protection that benefits consumers and businesses to keep track of their day-to-day activities.

    databreachiq.com

  • VIRTIS is a full-service, woman-owned cybersecurity firm that is transforming the dynamics of the web application and API protection (WAAP) landscape. The company leverages its scanning tools and pen testing to discover and remediate the vulnerabilities in clients' networks. VIRTIS conducts 24/7 threat analysis and leading-edge exploitation research and offers continuous custom shields development, deployment, and optimization. VIRTIS caters to clients from a multitude of sectors, including healthcare, banking, finance, oil and gas, government, retail, telecom, power and utilities, IT, e-commerce, and agricultural research

    virtis-us.com

  • ClearSale

    ClearSale

    The ClearSale is authority in anti-fraud solutions and credit score, balancing advanced technology and human intelligence specialist to deliver excellent indicators and generate confidence in the market. They protect sectors such as e-commerce, financial market, direct sales, telecommunications and insurance. ClearSale is a global pioneer and proven leader in ecommerce fraud protection solutions, chargeback protection guarantee for ecommerce merchants.

  • E HAWK Saratoga

    E HAWK Saratoga

    E-HAWK is a technology innovator in the Web and Mobile Fraud Detection and Prevention space. The firm lives to make heroes out of Online Risk/Fraud Managers, Lead Buyers, Email Delivery and Compliance Teams, and Marketing Managers by delivering a world-class solution that provides quality, actionable cyber intelligence to help combat fraudulent registrations, bogus leads, account hijacking and organized cyber criminals. The company's service helps identify risk profiles of account registrations, leads, and profile updates in real-time. E-HAWK is helping tag and prevents cyber issues and fraudsters across multiple sectors.

  • Experian

    Experian

    Experian is the world’s leading global information services company. The firm helps individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime. They have 17,800 people operating across 45 countries, and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity.

  • Forter

    Forter

    Forter is the leader in e-commerce fraud prevention, processing over $250 billion in online commerce transactions and protecting more than a billion consumers globally from credit card fraud, account takeover, identity theft and more. The company’s identity-based fraud prevention solution detects fraudulent activity in real-time, throughout all online consumer experiences.

  • FRISS

    FRISS

    FRISS is 100 percent focused on automated fraud and risk detection for P&C insurance companies worldwide. The AI-powered detection solutions for underwriting, claims and SIU help 175+ insurers grow their business. FRISS detects fraud, mitigates risks and supports digital transformation. Insurers go live within 4 months, realize up to 10 times ROI and 80 percent increase in straight through processing of policy application and claims. FRISS solutions help lower loss ratios, enable profitable portfolio growth, and improve the customer experience.

  • Riskified

    Riskified

    Riskified is on a mission to empower businesses to realize the full potential of eCommerce by making it safe, accessible, and frictionless. They have built a next-generation platform that allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits from a global merchant network, their platform identifies the individual behind each online interaction, helping merchants—our customers—eliminate risk and uncertainty from their business.

  • Scout

    Scout

    Scout is an agile, web-based case management software. Scout provides an investigative solution through technology to some of the largest high-end luxury brands, multinational automakers & manufacturers, government entities, anti-counterfeiting groups, brand protection, leading insurance providers, and multinational pharmaceutical organizations. The primary concentration of Scout is to evolve massive amounts of data into actionable intelligence; in turn, allow for each client to create a more effective investigation, and transparent audit trail via enterprise software.