Forrester Research, Inc. just released The Forrester Wave™: Risk-Based Authentication Report, and we are extremely proud to note that Easy Solutions, a Cyxtera Business, was cited as a Strong Performer, and received the highest score possible in customer satisfaction, reporting and verticals.
At Easy Solutions, we have long prided ourselves on offering what we believe is arguably the best targeted solution to the financial sector, so it was especially gratifying to be top-ranked in the reporting criterion and second-highest in the Current Offering category. The report noted that Easy Solutions “offers well-documented supervised machine learning algorithms, capable IP and device fingerprint blacklist management and rule scoping, and what-if policy testing.”
For our customers, this news is critical. Increasingly, enterprises of all scopes and sizes are facing serious challenges that could severely impact if not cripple their business. In fact, Forrester “estimates that ATO (account takeover) causes at least $6.5 billion to $7 billion in annual losses” across multiple verticals. The report goes on to note that “[f]irms also face loss of intellectual property (IP) and breaches of sensitive data as a result of ATO. RBA (Risk-based Authentication) plays an important role in the identity and access management (IAM) and risk mitigation of ATO across a variety of user populations...”
Rest assured that as account takeover becomes an increasingly serious challenge for organizations, and fraudsters use compromised accounts to steal IP and other sensitive data, we are constantly innovating to ensure that our risk-based, multi-factor authentication offering provides customers a leading-edge solution for dealing with today’s most sophisticated fraud schemes.
We have been aggressive in bringing to market solutions that harness the power of artificial intelligence (AI) and biometrics--solutions that have been shown to bring customers up to a 195-percent increase in fraud detection rates. Our DetectTA AI Fraud Assessment suite of services, for example, helps organizations delve into customer transaction data to identify high-risk areas with actionable insight that in turn is used to create a bespoke machine-learning classifier module. This module helps organizations detect irregular financial activity and potentially save the thousands of dollars. Other forward-reaching product suites include Mobile Application Fraud Protection and protection against Digital Threats.
Our ongoing commitment to staying ahead of the curve with our Total Fraud Protection platform helps organizations secure sites and native mobile applications while reducing fraud, improving customers’ and employees’ ease of use, and minimizing administrative, investigative and compliance-related labor so they can focus on growing their business.
At Easy Solutions, we go above and beyond in serving our customers--a fact that we think led to our being top-ranked in the customer satisfaction criterion in the report. We’ve also been busy growing our global footprint and partnering with security consulting firms in Europe, the Middle East and Asia to ensure that companies around the world have access to the very best in fraud prevention solutions.
As we move ahead in our quest to stop electronic fraud in its tracks, we look forward to extending our advanced authentication capabilities across the entire Cyxtera portfolio around the world.