The document discusses Easy Solutions' proactive approach to fraud detection through addressing the three stages of fraud: planning and targeting, setup and launch, and cashing. It presents Easy Solutions as providing a complete solution to fraud prevention across all channels by integrating intelligence and action. The document then demonstrates how Easy Solutions can detect and prevent fraudulent activities at each stage of the fraud cycle in real-time through monitoring, blocking threats, and implementing multi-factor authentication and anomaly detection.

1. by: Easysolver
Easy Solutions Demonstration – Proactive approach to Fraud Detection

2. >Agenda
>Introduction
>Proactive approach to Fraud Detection
>3 Stages of Fraud
>Proactive vs Reactive
>Demonstration
>Fraud Stage 1
>Fraud Stage 2
>Fraud Stage 3

3. >Introduction –Easy Solutions
Easy Solutions
>Venture-backed, Medina Capital (May, 2013)
>US: Miami, Atlanta
>International: London, Bogota
>200+ clients (financial services, travel, telecom)
>50M+ users protected
Total Fraud Protection
>End-to-end Electronic Fraud Prevention
>Integration of Intelligence and Action
>Complete Solution / Reference Architecture
>Combined strengths
Visionary - Gartner Web Fraud MQ

4. >Gartner Web Fraud MQ
›“Easy Solutions has a full range of fraud prevention and detection products.”
›“…one-stop shop for most related fraud prevention services”.
›“Easy Solutions’ …solutions can be and have been used across multiple channels, enabling organizations to stop cross-channel fraud”.

5. >What is Fraud?
>Account Takeover–Malware, Phishing, Social Engineering
>New Account –Malware, Phishing, Social Engineering, account opening process gaps (KYC/CIP)
>True-person / Mule -Malware, Phishing, Social Engineering, account opening process gaps (KYC/CIP)
All channel fraud happens in one of these fraud types
*Internal fraud is also a concern, but non-customer facing

6. >Total Fraud Protection

7. >Agenda
>Introduction
>Proactive approach to Fraud Detection
>3 Stages of Fraud
>Proactive vs Reactive
>Demonstration
>Fraud Stage 1
>Fraud Stage 2
>Fraud Stage 3

8. >3 Stages of Fraud
Planning and Targeting
Setup and Launch
Cashing

9. >Stage 1 -Planning and Targeting
Setup and Launch
Cashing
Intelligence Gathering and Targeting;
Web presence; Brand details; Social; Mobile Apps;
Threat Intelligence

10. >Stage 2 –Setup and Launch
Planning and Targeting
Cashing
Setup and Launch
Account Takeover;
Phishing/Pharming attacks; Malware
Client Protection Analytics
Takedown

11. >Stage 3 –Cashing
Planning and Targeting
Setup and Launch
Cashing
Realisation;
ATM; Debit; ACH/Wire
Anomaly Detection
Multi Factor Authentication

12. >Total Fraud Protection
Planning and Targeting
Setup and Launch
Cashing
Anomaly Detection
Multi Factor Authentication
Threat Intelligence
Client Protection Analytics
Takedown

13. >Proactive vs. Reactive Detection
Detect Monitoring Service

14. >Script Integration

15. >Scraping Attack Sequence
DMS Script on banks website
DMS Script copied when the website was scrapped
Phishing site being created from files scrapped
Formatting site for web deployment / testing forms and fields
Deployed phishing site at host

16. >Proactive Detection Preventing Attacks

17. >Agenda
>Introduction
>Proactive approach to Fraud Detection
>3 Stages of Fraud
>Proactive vs Reactive
>Demonstration
>Fraud Stage 1
>Fraud Stage 2
>Fraud Stage 3

18. >Stage 1 -Planning and Targeting
Planning and Targeting
Setup and Launch
Cashing
Intelligence Gathering and Targeting;
Web presence; Brand details; Social; Mobile Apps

19. >Fraudster’s Main Activities
Stage 1: The fraudster is:
>Accessing genuine websites/apps
>Taking local copies of genuine websites/apps
>Creating modified versions of genuine websites/apps
>Determining customers and end users to target

20. >Response
Stage 1: To cover the Planning and Targeting stage of the fraud cycle:
>Monitor for suspicious and malicious activity
>Process activity
>Manage the event
>Pro-Actively Shut Down Threats
DEMO

21. >Stage 2 –Setup and Launch
Planning and Targeting
Cashing
Setup and Launch
Account Takeover;
Phishing/Pharming attacks; Malware

22. >Fraudster’s Main Activities
Stage 2: The fraudster is now launching the attacks:
>Launching Malware attack
>Deploying modified versions of genuine websites/apps
>Pharming -Host File/DNS Attack
>Selling acquired Credit/Debit Card details

23. >Response
Stage 2: To cover the attack stage of the fraud cycle:
>Provide a safe browsing environment
>Scan customer devices for threats
>Block the threat
>Protected Sites
>Provide feedback to Threat Intelligence Element
>Threat takedown for device indentifiedattacks
>Collaborative protection
DEMO

24. >Stage 3 –Cashing
Planning and Targeting
Setup and Launch
Cashing
Realisationof attack;
ATM; Debit; ACH/Wire

25. >Fraudster’s Main Activities
Stage 3: The fraudster has acquired information to take cash from an account via:
>ATM
>Debit
>Purchase
>Top Up
>Transfer
>Account transfer (Wire/ACH)
>P2P Payment

26. >Response
Stage 3: To cover the cashing stage of the fraud cycle:
>Authentication
>Implement appropriate 2ndfactor authentication
>Provide Step Up, Risk Based, Authentication
>Anomaly Detection
>Detect Unusual Account Behaviour
>Scores the Risk in Real Time
>Rules
>Heuristic Engine
>Case Management
DEMO

27. Thank You