Johannesburg, 29 Jun 2011
Attachmate Corporation today announced the availability of Attachmate Luminet 4.2, a leading enterprise fraud management solution that helps thwart insider fraud and abuse.
Luminet's ability to reveal user activity across enterprise applications and score risk in real-time to flag questionable activity patterns helps transform data into actionable intelligence.
The latest Luminet version offers the option of a new Federal Information Processing Standard (FIPS) 140-2 validated cryptographic module to conform to certain federal government requirements. Additional product enhancements include improvements to the Investigation Centre, Case Manager as well as the dashboard and fraud analytics features, to help organisations protect the privacy of mission-critical data, simplify the audit process and achieve regulatory compliance.
With the increase of breach activity, including the recent Epsilon breach, enterprise data is at greater risk than ever before. A heightened need to protect privacy and prevent internal threats to data has led to a rapidly growing enterprise fraud management (EFM) market.
However, many of the solutions available today focus on first-generation techniques for protecting or aggregating data at a high level and not at the application layer, where the data is at greatest risk. With this traditional approach, organisations are often forced to address threats reactively, long after a breach has occurred. Luminet's next-generation approach helps to identify risks and activities early in the fraud cycle, helping organisations address threats before they even occur. Luminet 4.2 also enhances audit preparation and compliance efforts.
“The enterprise fraud and misuse management market continues to grow as it yields substantial financial benefits for multiple sectors. We estimate this market will grow at least 15% in 2011,” said Avivah Litan, vice-president and distinguished analyst for Gartner1. “EFM technology saves users money by enabling operational efficiencies and stopping fraud and misuse that occur across multiple channels, accounts or products. This allows organisations to break down the walls of siloed fraud prevention operations so that they can look for fraud and misuse at aggregate levels, such as at the customer level, rather than just at an account or transaction level.”
Gartner's recently released MarketScope report, titled: “MarketScope for Enterprise Fraud and Misuse Management” outlines the current EFM landscape, primary drivers for adoption and an overview of the key solutions available today. Copies are available via the following link: http://www.attachmate.com/info/Gartner-EFM/bridge-pr.htm
While most organisations invest in robust security technologies to protect themselves from external attacks, many still struggle to address more challenging threats from within. As insider fraud becomes increasingly sophisticated and industry and government regulations more demanding, organisations need help protecting sensitive data and identifying actionable evidence of employee abuse. To address these needs, Luminet focuses on three areas:
* Helps stops enterprise fraud and misuse
Trusted employees commit more privacy violations than anyone else. Sometimes it is intentional; sometimes it is not. With Luminet, organisations can quickly tell the difference.
* Meets compliance regulations
With Luminet, organisations can more effectively meet the requirements of regulations such as PCI DSS, Sarbanes-Oxley Act, Gramm-Leach-Bliley, HIPAA, FISMA and Basel II - without changing a single line of code.
* Simplifies audit activities
No more slogging through cryptic, incomplete log files. Luminet records user activity in real time - screen by screen, keystroke by keystroke - creating an accurate audit trail across multiple back-end systems with no impact on performance.
“Internal fraud instigated by employees within organisations in vertical markets such as financial institutions, government and healthcare continues to be a major challenge costing companies billions of dollars,” said Tom Bice, director of product marketing and management for Attachmate. “In addition to ensuring enterprises are audit-ready and in accordance with key compliance regulations, Luminet 4.2 provides a powerful solution to give organisations 100% visibility into data and user activity to take the guesswork from application monitoring, providing the critical intelligence needed to take informed action.”
Key features
The features and functionality of Luminet 4.2 include:
* Enhanced Investigation Centre and Case Manager provides a simple interface to review, document and track actions.
* Automated Escalations and alerting for a more rapid response to potential fraud.
* User Activity Scoring feature to help eliminate false positives.
* Improved Custom Reporting and off-hours scheduling help support investigations, audits and compliance efforts.
* Optional FIPS 140-2 Validated Cryptographic Module delivers enhanced cryptographic capabilities to ensure organisations are FIPS compliant.
Luminet 4.2 is available immediately for purchase. For more information on pricing, please contact sales@attachmate.com.
To learn more about Attachmate Luminet 4.2, visit:
http://www.attachmate.com/Products/efm/luminet/luminet.htm.
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