Insider Fraud Detection for every user across your system
Defend company and customer data against misconduct by leveraging behavior analytics to detect and prevent fraudulent activity
Drive Your Insider Fraud Detection Strategy with
Behavioral Data Analytics
Insider fraud is on the rise, especially for those operating in financial services. Intelligent behavior analysis solutions give businesses the means to detect, prevent and protect against fraudulent activities.
Teramind’s insider fraud detection solution relies on user activity monitoring, automated responses and comprehensive behavior analytics to detect the subtle signs of insider fraud and then prevent it.
Fortify insider fraud detection with continuous policy enforcement
Teramind ensures continuous enforcement of anti-fraud measures and assists security and fraud teams in their insider fraud detection efforts
Create rules and policies to monitor users and enforce anti-fraud initiatives
Automatically notify admins, block actions or lock out users when anti-fraud policies are violated
Apply stricter monitoring controls for added security to data defined as sensitive & critical
Enforce role based access controls (RBAC) that limit data access based on job titles
User risk assessments to find out if user actions are trending toward fraudulent
Monitor those most likely to commit insider fraud: privileged users
Protect critical data from insiders most likely to conduct insider fraud and in positions to cause the most damage–supervisors, accountants and other privileged employees
Track, record and log whenever customer information and accounts are accessed by users, including admins
Block attempts to disable fraud detection alerts or escalate privilege
Get automated alerts to irregular system requests like data export attempts or unauthorized data access
Assess the validity everyday actions that could be used for fraud like creating new accounts or loans using OCR
Be alerted to all actions regarding privileged data like M&A documents, credit card information or IP
Protect company data that’s most at-risk for being targeted by fraudsters
Use Teramind for focused monitoring and protection of the confidential and sensitive data most at risk of being used to commit insider fraud: PII and PFI
Detect & block activity containing PII & PFI like clipboard operations or print screen functions
Use OCR search to detect if users are transferring or hiding PII or PFI in unstructured formats
Find out whenever users attempt to access data containing PII or PFI
View risk reports and assessment on users with access to PII and PFI
Get logs detailing user behavior surrounding PII and PFI data
Enhance internal audits & investigations with contextualized evidence
Teramind produces audit trails containing behavior reports, logs and analytical assessments detailing all monitored activity and actions performed by users
Investigate each logged activity or behavior alert with historical playback of video recorded sessions
Catch and watch fraudulent activity in real-time with instant violation alerts and live session playback
Use audit trails created to investigate and uncover trends in suspicious activity
View risk analysis and assessment reports built by UEBA that assist in exposing insider fraud
Collect irrefutable evidence of insider fraud for internal or external investigators using logs and recordings
The Features That Power Teramind
We bring businesses peace of mind through our award-winning insider fraud detection solution
The Experience
Speaks For Itself
Discover Insider Fraud Detection
Insider fraud happens when a malicious insider, whether they’re an executive, manager, employee, contractor, vendor or partner uses their access to perform intentional data misconduct for personal gain or to conduct further criminal activity. Fraudulent insider activities include data mishandling, stealing customer and client information to organize an identity crime or stealing an organization’s intellectual property.
Insider fraud affects all industries and is most prevalent in sectors that handle personal information and have high transaction rates like finance and banking, healthcare, e-commerce and charities.
Insider fraud occurs when someone with access to an organization’s data uses their access to defraud the organization, its customers or both. Insider fraud is usually conducted over a period of months or years, in a series of minor infractions that go largely unnoticed until a thorough audit of activities is conducted.
It can be as simple as using a company credit card for personal purchases or as complex as stealing customer personal identifiable information to supply an identity theft scheme.
Insider fraud may result in financial loss, reputational damage and loss of customer trust, along with penalties and fines for failing to comply with data protection requirements.
While insider fraud detection has become increasingly difficult in today’s digital environment, anti-fraud departments and IT security can make use of modern technologies to strengthen their insider fraud detection capabilities.
Insider fraud detection entails the continuous logging, monitoring and auditing of employee actions which allow security and anti-fraud professionals to discover and investigate suspicious activities that may result in detection of fraud early on. This process can be automated with the use of AI-machine learning.
Insider Fraud Detection Resources
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