Acquisition to result with a most comprehensive risk-based authentication solution
With consumer fears driving increased security for the online channel, organizations will add additional layers of security such as transaction monitoring to most effectively protect online users. Digital Envoy’s acquisition of Cydelity, a California-based technology provider specializing in real-time transaction monitoring, enables organizations in all industries to protect sensitive online data and online financial transactions, closing a gap that exists between front-end access authentication and back-end transactional activity monitoring. By linking its powerful and robust access behavior profiling technology to Cydelity’s transaction monitoring, Digital Resolve creates the most comprehensive risk-based authentication solution available.
The Cydelity product line, including its patent-pending eSentry transaction monitoring solution, will be marketed by Digital Resolve, a business unit of Digital Envoy, Inc., which already offers the award-winning Fraud Analyst® risk-based authentication technology platform as well as other leading anti-fraud tools.
Combining what Digital Resolve already offers – robust, patent-pending user behavior profiling and risk-based authentication – with Cydelity’s data collection and analysis for user activities and transactions creates a solution to further improve upon the 90 percent fraud reduction rate already experienced by current Fraud Analyst customers. The combined transaction monitoring and behavioral profiles will indicate signs of fraud events happening across multiple user sessions and give real-time detection and intervention on risky transactions, both at the individual and enterprise levels.