06/01/12 -- 41st Parameter , the global leader in fraud detection and prevention, todayannounced it has been positioned by Gartner, Inc. in the Leadersquadrant of the "Magic Quadrant for Web Fraud Detection" report byAvivah Litan, published May 29, 2012. 41st Parameter was one of 15companies considered and among four cited as Leaders. 41st Parameter protects some of the most valued brands in the worldincluding the largest global airlines, banks and online retailers.The FraudNet platform protects businesses from fraud before ithappens. FraudNet solutions safeguard the three most vulnerabletransactions through 1) account takeover detection pre-emptsattacks before assets can be stolen from a compromised account, 2)detection of fraudulent account opening that prevents the creationof new staging accounts for future attacks, and 3) identificationof stolen financial account data, such as stolen credit cards. Unique strengths of the FraudNet platform include: Proven, scalable SaaS risk engine currently processing 500 millionevents each month Industry-leading fraud detection rates of 85-95% An average of 2%-5% manual review (versus 24% industry average) ROI recognition in as quickly as 90 days "We believe our position in the Leaders quadrant in 2012 is yetanother confirmation that 41st Parameter has a unique and verypowerful approach to preventing and detecting on-line fraud," saidAlan Naumann, chief executive officer of 41st Parameter. "Weappreciate the recognition, and are happy that we are seen in theindustry as a Leader in terms of both execution and our vision. Wefeel this also illustrates our ongoing commitment to innovation andscalability to meet the evolving fraud prevention needs ofcompanies around the world that want to enable their customers totransact via the web." According to the report, "The web fraud detection market grew about25% in 2011 as unrelenting cyberattacks and data breaches persistedand need for fraud prevention escalates." Key trends driving marketgrowth include the "rapid movement and changing nature of hackerattacks" and "thousands of financial malware variants." "Many USand European financial institutions report that anywhere from anaverage of 2% - 6% of their customers' desktops are infected withfinancial malware." The need for continuous and ongoing innovationis critical as "large technology companies that gained WFD softwarethrough company acquistions took a back seat in terms ofinnovation, agilty and responsive customer service," as AvivahLitan reported. The companies selected for inclusion in the report were evaluatedon two criteria: their ability to execute (which includes anemphasis on a company's product and service, its overall viabilityand its customer experience) and the completeness of its vision(which was weighted on a company's market understanding, itsproduct strategy and its innovation). About 41st Parameter In a world where people are increasingly reliant on a variety ofinternet-connected devices for everything from banking to bookingtravel to shopping, preventing online fraud and creating relevant customer experiences are constant andcomplex business challenges. 41st Parameter, the global leader indevice recognition and intelligence, combines its patentedtechnologies and years of expertise to identify devices withoutcookies, without compromising privacy and without impactingperformance. The company's FraudNet platform protects businessesfrom fraud before it happens. AdTruth, the company's digital mediadivision, gives marketers a new and better way to recognize and reach their most valuable audiences across all types of devices. These privacy compliant solutionshelp keep the Internet more secure and relevant for everyone. Tolearn more about 41st Parameter visit. To learn more about digital media solutions from AdTruth visit . About the Magic Quadrant Gartner does not endorse any vendor, product or service depictedin its research publications, and does not advise technology usersto select only those vendors with the highest ratings. Gartnerresearch publications consist of the opinions of Gartner's researchorganization and should not be construed as statements of fact.Gartner disclaims all warranties, expressed or implied, withrespect to this research, including any warranties ofmerchantability or fitness for a particular purpose. All trademarks are the property of their respective owners. Copyright @ Marketwire. I am an expert from chemical-storagecabinet.com, while we provides the quality product, such as Medical Storage Cabinet Manufacturer , Chemical Fume Hood, Flammable Storage Cabinet,and more.
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