Thursday, August 27, 2009

Location, Location, Location!!!

Why IP Intelligence (Geo Location Data) is important for Authentication?

In the growing area of risk based authentication where organizations from banks to governmental departments are looking to share more information and services with people there is a much greater risk/fear of fraud.

Information Security vendors such as Oracle, RSA, Verisign, and others have complimented their existing Web Access Control technologies like Oracle Access Manager (OAM) with Risk Based Authentication solutions such as Oracle Adaptive Access Manager (OAAM) which assess the risk of fraud at the moment of a transaction and, based on policy, respond by allowing/denying the transaction or requiring secondary or “Step-up Authentication”.

In these scenarios, the more context available to the transaction the better risk analysis. Knowing that a banking customer who lives in Oslo, Norway is trying to send a wire transfer out of the account is actually logging in from Seattle, WA gives makes it simple to understand the potential risk.

IP data enables core risk assessments made within OAAM including; website visitor location (i.e. block high risk locations), network characteristice (i.e. is the visitor connected through an anonymzing proxy—intentionally masking their location), IP data provides an “IP fingerprint” of a visitor.

To help deliver this intelligence to customers Oracle partners with Quova as the preferred IP provider for OAAM. They provide specific ROI advantages over competitors.. Quova’s unmatched accuracy and depth of proxy intelligence data result in increased fraud catch and lower false positive escalations.

And Quova is the only provider that subjects its research process and data quality to annual independent audit by PricewaterhouseCoopers. Quova is widely recognized as the market leader and is in use throughout the anti-fraud marketplace. Quova for OAAM customers include; Monster.com, DFCU, ICICI Bank, National City Corporation.

To Learn more about Quova:
Contact Jon Heintschel
650-528-3739 or jheintschel@quova.com

To Learn more about OAAM
http://www.oracle.com/technology/products/id_mgmt/oaam/index.html

Or to learn about the Oracle Access Suite:
http://www.oracle.com/products/middleware/identity-management/access-management-suite.html

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