Guardian Analytics, based in
Mountain View, California
Mountain View is a city in Santa Clara County, California, United States, part of the San Francisco Bay Area. Named for its views of the Santa Cruz Mountains, the population was 82,376 at the 2020 United States census, 2020 census.
Mountain V ...
, is a privately held company which provides behavioral analytics and
machine learning
Machine learning (ML) is a field of study in artificial intelligence concerned with the development and study of Computational statistics, statistical algorithms that can learn from data and generalise to unseen data, and thus perform Task ( ...
technology for preventing banking fraud. It was established in 2005 and its products are based on
anomaly detection
In data analysis, anomaly detection (also referred to as outlier detection and sometimes as novelty detection) is generally understood to be the identification of rare items, events or observations which deviate significantly from the majority of ...
to monitor financial transactions.
The company was acquired by
Nice Actimize
NICE Ltd. () is an Israeli technology company specializing in customer relations management software (NICE CXone), artificial intelligence, and digital and workforce engagement management. The company serves various industries, such as financial ...
acquired August 2020.
History
Guardian Analytics was founded in 2005 by Tom Miltonberger.
In 2012, Guardian Analytics together with
McAfee
McAfee Corp. ( ), formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American proprietary software company focused on online ...
dissected the US$78 million
cyber attack
A cyberattack (or cyber attack) occurs when there is an unauthorized action against computer infrastructure that compromises the confidentiality, integrity, or availability of its content.
The rising dependence on increasingly complex and inte ...
titled
Operation High Roller. In 2013 Guardian Analytics was listed among the Top 10 Influencers in banking
information security
Information security is the practice of protecting information by mitigating information risks. It is part of information risk management. It typically involves preventing or reducing the probability of unauthorized or inappropriate access to data ...
. As of September 2016, nearly 430 financial institutions are using Guardian Analytics products to mitigate fraud risk and rely on the company to stop sophisticated criminal attacks.
In June 2020,
NICE Ltd. announced the acquisition of Guardian Analytics to "extend NICE Actimize's world-class financial crime and compliance solutions across the entire financial services sector."
Between November 2022 and January 2023, Guardian Analytics was the victim of a data breach, which impacted approximately 150,000
Webster Bank customers who had sensitive personal information, including bank account and social security numbers, compromised.
Services
Guardian Analytics offers fraud prevention services for financial institutions. The general architecture includes two main components. The first component, the risk engine, merges analytics and behavior-based models of a user to create a probabilistic profile of each individual.
The software is transparent to account holders and does not require any action on their side.
Guardian Analytics markets several services, targeting particular types of financial interactions:
* Guardian Analytics Online (for retail and business )
* Guardian Analytics Mobile
* Guardian Analytics ACH (for ODFIs & RDFIs)
* Guardian Analytics ACH Real-time (for ODFIs & RDFIs)
* Guardian Analytics Wire
* Guardian Analytics Wire Real-time
* Guardian Analytics Access
Guardian Analytics is marketed as
software as a service
Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike o ...
and can be deployed in the company's
SAS 70
SAS or Sas may refer to:
Military
* Special Air Service, a special forces unit of the British Army
* Special Air Service Regiment, a special forces unit of the Australian Army
* 5th Special Air Service, a Belgian Second World War formation
* ...
Type II certified environment.
FraudDESK
FraudDESK is a fraud monitoring managed service.
See also
*
Internet fraud
Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. Intern ...
*
Cyber-collection
Cyber espionage, cyber spying, or cyber-collection is the act or practice of obtaining secrets and information without the permission and knowledge of the holder of the information using methods on the Internet, networks or individual computers th ...
*
Operation High Roller
References
External links
Guardian Analytics on Fox Business News{cbignore, bot=medic
Fiserv Offers Guardian Analytics for Financial Institution Clients to Secure Online Banking Channels Computer security companies
Companies based in Mountain View, California
2020 mergers and acquisitions