Group-IB, a global cybersecurity leader recognised by world leading research companies, teams up with Ingenuous.
Melbourne, Australia [9 February 2022]
Ingenuous, a Melbourne-based financial crime prevention company, has partnered with Group-IB, one of the global cybersecurity leaders. Group-IB’s flagship product for financial organizations, eCommerce, and government portals, Fraud Hunting Platform (FHP) now becomes available through Intuition by Ingenuous, a fraud prevention and compliance solution. Group-IB FHP guards more than 250 million users of web resources and mobile apps around the world against bot activity, account takeover, fake merchant, malware attacks and other types of fraud.
With banks, lenders and money transmitters relying more on digital channels, Group-IB’s FHP applies an extra layer of fraud hunting. This is on top of the machine learning and rules-based capability that is already available in Intuition.
Web Snippet and Mobile SDK that collect UEBA (User and Entity Behavior Analytics) and information about the user environment depending on the channel.
The Processing Hub that analyzes and correlates the data and issues the verdict if the session is legitimate.
Preventive Proxy that identifies and blocks bad bot activity.
Customers of Intuition can now take advantage of Group-IB’s FHP capabilities by integrating all the function modules or just some of them.
Fraud Hunting Platform available through Intuition by Ingenuous benefits from Group-IB’s Threat Intelligence & Attribution. Exclusive information about cybercriminals, malware, adversary IP addresses, and compromised data (stolen payment records and credentials) helps “hunt” for intruders and investigate fraud incidents.
The world’s leading research companies recognize Group-IB’s Fraud Hunting Platform as one of the best in class. According to an independently commissioned study on the financial impact of Group-IB Fraud Hunting Platform conducted by Forrester Consulting: A bank with experience using FHP experienced a three-year 130% ROI with payback in less than 6 months after adding Group-IB’ solution to its anti-fraud stack.
Ingenuous’s management team has more than 25 years of experience. They have a proven track record in developing, implementing, and supporting financial crime prevention solutions for the financial sector, insurance, eCommerce, telecom, and government companies across the region. A new partnership between Ingenuous and Group-IB delivers local companies a new level of real-time, enterprise fraud hunting across web and mobile channels.
Clint Mills, Managing Director of Ingenuous, remarked, “We are excited to team up with Group-IB who is an official partner with the world’s leading cybercrime fighters. Their capabilities including client-side digital identity protection, malware detection and IP analysis are the most comprehensive we have seen. Therefore, it forms the perfect input into our enterprise fraud prevention solution, Intuition. One central platform monitors and manages transactions originating via web and mobile channels.”
“The respective offerings of our two companies are very complementary. We are looking forward to delivering our clients the most advanced technology for fraud hunting and digital identity protection,” says Julien Laurent, Product Marketing Manager (FHP) at Group-IB. “Group-IB FHP creates a global user ID embracing all online channels. Understanding the connections between users, accounts and devices helps us distinguish legitimate customers from fraudsters.”
Group-IB is one of the leading solutions providers dedicated to detecting and preventing cyberattacks, identifying online fraud, investigating high-tech crimes and intellectual property protection, headquartered in Singapore. The company’s threat intelligence and research centers are located in the Middle East (Dubai), the Asia-Pacific (Singapore), Europe (Amsterdam), and Russia (Moscow).
Group-IB’s Threat Intelligence & Attribution system has been named one of the best in class by Gartner, Forrester, and IDC. Group-IB’s Threat Hunting Framework intended for the proactive search and the protection against complex and previously unknown cyberthreats has been recognized as one of the leaders in Network Detection and Response by the leading European analyst agency KuppingerCole Analysts AG. Group-IB itself is a recognized Product Leader and Innovation Leader. Gartner identified Group-IB as a Representative Vendor in Online Fraud Detection for its Fraud Hunting Platform. In addition, Group-IB was granted Frost & Sullivan’s Innovation Excellence award for its Digital Risk Protection. This is an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks. The company’s patented technologies are at its core.
Group-IB’s technological leadership and R&D capabilities are built on the company’s 18 years of hands-on experience. Including experience in cybercrime investigations worldwide and 70,000 hours of cybersecurity incident response. Group-IB accumulates data in leading forensic laboratory, high-tech crime investigations department, and round-the-clock CERT-GIB. They are an active collaborator in global investigations led by international law enforcement organizations, such as Europol and INTERPOL. Group-IB is a member of the Europol European Cybercrime Centre’s (EC3) Advisory Group on Internet Security. EC3 fosters closer cooperation between Europol and its leading non-law enforcement partners.
Solutions designed to monitor, identify, and prevent cyberattacks. Group-IB’s mission is to fight high-tech crime while protecting our clients in cyberspace and helping them achieve their goals. Group-IB analyzes cyber threats, develop infrastructure to monitor them, respond to incidents, and investigate complex high-tech crimes. Group-IB designs unique technologies, solutions, and services to counteract adversaries.
This is an exciting development for banks to add a level of fraud protection to mobile and web channels.
Read more about Ingenuous here.