State Employees' Credit Union licenses Corillian anti-fraud technology

The Corillian Fraud Detection System, when used in combination with Intelligent Authentication, offers financial institutions a powerful, layered line of defense against fraud at all stages of its lifecycle.

SECU selected Corillian's fraud prevention and authentication technologies for their innovative approach to authentication and proactive security, involving around the clock analysis, and reporting and intervention of suspicious activity. The partnership will enhance SECU's overall fraud prevention strategy and give its members peace of mind when conducting online financial transactions.

"Our partnership with Corillian began in 1998 with the integration of the Corillian Voyager platform, followed by the deployment of the company's leading payments solution," said Rick Rhoads, SVP of eServices for SECU. "Corillian has a vested interest in developing secure solutions and we feel that it's extremely important to provide a secure, user-friendly online channel for our growing membership. With the continued threat of online fraud, we recently deployed the Corillian Fraud Detection System and have been more than pleased with the intelligence it provides relative to online threats. After significant industry research, we selected Intelligent Authentication for its ability to provide strong, FFIEC-compliant authentication without compromising our member experience and convenience of our online platform."

The Corillian Fraud Detection System is proven to proactively combat phishing and other types of fraudulent behavior. The solution analyzes the Web traffic of the protected institution using a technique called Preemptive Forensics to identify suspicious behavior on the Web site. The Corillian Fraud Detection System is able to detect activity on the Web server indicative of the early stages of fraud, including phishing attacks, when attackers are copying images or linking to them from the phishing site or spam e-mail. Such activity can often be traced to its source, stopping the attack before any costly damage to the end user or institution occurs.

Intelligent Authentication is a non-intrusive, highly effective method of multi-layered authentication that satisfies the recent FFIEC guidelines for stronger authentication. In addition to a user name and password, Intelligent Authentication collects and examines multiple patterns of online banking to determine when it is necessary to block or challenge suspicious visitors. This multi-layered authentication model is transparent to the end user and provides a user-friendly experience, while ensuring visitors to a Web site are legitimate before allowing users access to their banking accounts.

"Our commitment to securing the online banking channel is backed by the unrivaled results from deploying Corillian's Fraud Detection System and Intelligent Authentication technologies at many leading financial institutions," said Alex Hart, president and CEO of Corillian. "We applaud SECU’s approach to proactive security prevention and look forward to helping protect the interests of its members from security threats today and in the future."