Skip to main content

IBM Reinforces Threat & Fraud Protection With Enhanced Analytics Software

Expanded Portfolio Adds Support for New Languages and Computing Platforms

Select a topic or year


ARMONK, NY - 24 May 2006: IBM today unveiled enhancements to the industry's most complete portfolio of analytics software designed to help clients leverage information as a strategic asset to improve threat detection capabilities and prevent fraud.

IBM Entity Analytics Solutions (EAS) 4.1 adds support for five languages and cultures, enabling global clients in government, banking, healthcare, insurance and other industries to quickly analyze and compare data stored across information silos and instantly recognize identities and resolve the relationships of parties seeking to perpetrate fraud, abuse or otherwise threaten organizations or society. The new languages include German, French, Spanish, Italian and Brazilian Portuguese, further enhancing the impact of EAS software in emerging markets in Europe and South America. EAS 4.1 also supports IBM's system z mainframe and the Linux operating system, broadening accessibility to clients who maintain large install bases of data on these systems.

With enhancements to the EAS portfolio, IBM strengthens its position as a leading technology provider in homeland security, regulatory compliance, law enforcement and anti-money laundering efforts.

"Fraud and abuse do not recognize geographic, technical, political, or cultural boundaries," said John Slitz, VP IBM Entity Analytics. "IBM's enhanced Entity Analytics portfolio takes these customer requirements into account and makes it possible for companies to get the right information, to the right place, in real time, to respond to threats in-line at the point of contact, regardless of language, platform, or geography."

EAS 4.1 builds on IBM's strategy to offer the most complete threat detection, fraud prevention, and risk mitigation solutions portfolio on the market today. IBM recently bolstered its offerings in this area through the acquisition of Language Analysis Systems (LAS), a firm widely recognized as the domain expert in global name recognition and management, and as a critical capability in recognizing identities across cultural boundaries.

EAS 4.1 was developed to be flexible enough to help retail, healthcare and insurance companies detect malicious internal and external fraud and collusion while also allowing banks and insurance companies to deploy the sophisticated customer relationship systems that can root out money laundering schemes that use false or fraudulent ID packages. This is in addition to the foundation that EAS has in helping law enforcement, homeland security and civilian government agencies prevent societal threats.

Despite operating in an interconnected, networked business world, most organizations still maintain legacy applications, processes and technologies that were designed to handle data about customers, suppliers, vendors and employees. These vast repositories of separate and frequently inconsistent data contain valuable information about names, identities and relationships that is critical for decision making at the point of contact where preventative action is still possible and most valuable -- such as at border crossings, during candidate screenings, while evaluating potentially fraudulent benefits disbursements, or reviewing accounts. The IBM Entity Analytics portfolio enables clients to rapidly assemble accurate, current and complete views into entities across these disparate operational databases.

IBM's EAS software uses patented Entity Resolution™ technology to determine identities, to discover non-obvious relationships between identities, such as shared phone numbers, addresses or bank accounts and to share this information in an "anonymized" form, without compromising the privacy of the information.

For more information about IBM EAS, visit: www.ibm.com/db2/eas

IBM, DB2 and the IBM e-business logo are trademarks or registered trademarks of International Business Machines Corporation. For a list of additional IBM trademarks, please see www.ibm.com/legal/copytrade.shtml

All other company, product or service names may be trademarks or registered trademarks of others. Statements concerning IBM's future development plans and schedules are made for planning purposes only, and are subject to change or withdrawal without notice. Reseller prices may vary.

Related XML feeds
Topics XML feeds
Software
Information Management, Lotus, Tivoli, Rational, WebSphere, Open standards, open source