April 30, 2015 -
Info Security Products Guide named NuData Security’s online fraud detection engine NuDetect as the Gold Winner of the 2015 Global Excellence Awards in the “security products and solutions for online and e-commerce” category.
The online fraud detection engine was also recognized as a Bronze Winner in the “fraud prevention” category.
NuDetect was selected based on its ability to use continuous behavioral analysis to prevent fraud online to curb businesses from brand damage and financial loss caused by fraudulent or malicious acts.
The 2015 Global Excellence Awards, whose winners were announced at a dinner and presentation on April 20, was judged by a panel of more than 50 industry experts from around the world.
“Info Security Products Guide’s recognition of NuDetect further validates NuData Security’s commitment to providing the ultimate in fraud detection services for our customers,” said Michel Giasson, CEO of NuData Security. “Our multipronged approach of behavioral biometric analysis and machine learning enables us to detect fraud up to 15 days before an attempt is made. We are honored to receive this endorsement of our solution among the best-of-the-best in security products. We recognize that we must continue to innovate, to stay ahead of the rapidly-evolving criminal behavior.”
Previously reported, NuData Security improved its advanced online fraud detection engine, NuDetect, by adding new anti-fraud tools, based on continuous behavioral analysis and compiled behavioral biometric data