Leading analyst firm identifies luxembourg made technology for enterprise fraud and security management. Leading Analyst Firm Gartner identifies iDETECT®’s User behavior analytics (UBA) solution to detect insider threats, targeted attacks and financial fraud in New Research Report.
iDETECT® the industry leading Enterprise Risk Management software suite has been identified in Gartner’s 2014 Market Guide for User Behavioral Analytics. Gartner® states in its findings that User behavior analytics is transforming security and fraud management practices because it makes it much easier for enterprises to gain visibility into user behavior patterns to find offending actors and intruders.
In the report’s Strategic Planning Assumption(s) section, the Analysts state “By 2017, at least 80% of companies that adopt UBA will achieve at least a 5-to-1 ROI within one year of implementation by achieving productivity gains and lower security or fraud incidence costs”. Authored by Gartner®’s Avivah Litan and Mark Nicolett, the report identifies representative UBA vendors by category. “We’re delighted that Gartner® has identified our company and its capabilities in enterprise fraud and security management area, this report supports our confidence that iDETECT®’s technology and market strategy is perfectly aligned with the needs and expectations of the market” said Peter Van Crombrugge, iDETECT® Chief Analytics Officer. “The recent scandals involving data leaks and security breaches highlight once again the need for iDETECT® type of technologies. We do our outmost to propose the real solutions that will help organizations to prevent, detect, and deter any and all kinds of threats posed by the modern world” continues Van Crombrugge.
iDETECT® is a “big data”-enabled, end-to-end solution that brings together the structured and unstructured data for monitoring and analysis. As a result, it’s now possible to detect and prevent suspect behavior early enough to mitigate risks, report and prioritize findings, comply with changing regulations, and increase revenue by identifying fraud and security losses. iDETECT® Behavior Analytics provide an enterprise-wide system that can alert to threats and risks that, if left undetected and unaddressed, would seriously undermine an organization’s position
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