MIAMI--(BUSINESS WIRE)--Easy Solutions, a Cyxtera Technologies Business company, has been cited in Gartner's January 2018 Market Guide for Online Fraud Detection as a Representative Vendor for Total Fraud Protection in the Fraud Hub category. The Market Guide, authored by Jonathan Care and Tricia Phillips, stated that “online fraud detection is growing in complexity and demand, and its tools are being used for risk-based authentication and new account fraud prevention. Security and risk management leaders involved in online fraud detection should use machine-learning analytics and cloud-based deployment options.”
“Easy Solutions’ product portfolio delivers a comprehensive, multi-layered fraud protection approach that incorporates precise machine-learning techniques with artificial intelligence (AI) to offer one of the industry’s most advanced and comprehensive fraud prevention platforms available today. It’s gratifying, then, to be recognized once again as a Representative Vendor by Gartner in its Market Guide for our ‘Total Fraud Protection’ strategy as we work to grow our portfolio to meet and exceed organizations’ changing anti-fraud needs,” said Ricardo Villadiego, CEO of Easy Solutions
The analysts further noted that as a result of the increased use of AI and machine-learning to successfully intercept and stop advanced attacks, “by 2027, more than 67% of fraud detection and management systems across all sectors will reduce fraud losses, which is an increase from fewer than 4% today, by warning of future problematic individuals.”
In an interesting development, the authors state their belief that, “by 2020, more than 75% of developers and implementers of fraud detection systems using artificial intelligence (AI) will sign up to codes of ethical behavior for their systems to follow, which is an increase from fewer than 1% today."
The Easy Solutions product portfolio delivers cross-channel fraud protection across transactions performed on online and mobile platforms, as well as via ATMs, Point-of-Sale terminals, and Interactive Voice Response (IVR) systems for enterprise organizations across a range of industries, including financial services, retail, and professional services. Easy Solutions thwarts criminals at all three phases of the fraud lifecycle - planning, launching, and cashing – while ensuring that authorized users can conduct business. Easy Solutions’ Detect TA Artificial Intelligence (AI) Fraud Assessment Service for banks and other financial institutions, for instance, includes a personalized fraud use case review and delivers a custom machine-learning classifier module, trained with client data Gartner clients can access the Gartner Market Guide for Online Fraud Prevention, here.
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ABOUT EASY SOLUTIONS
Easy Solutions®, a Cyxtera Business, is a security provider focused on the comprehensive detection and prevention of electronic fraud across all devices, channels and clouds. Our products range from digital threat protection and secure browsing to multi-factor authentication and transaction anomaly detection, offering a one-stop shop for end-to-end fraud protection. The online activities of over 125 million customers at 3,500 leading financial services companies, security firms, retailers, airlines and other entities in the US and abroad are protected by Easy Solutions Total Fraud Protection® platform.
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