Intellinx To Help Businesses Combat UK’s Escalating £30 Billion Fraud Problem

Nov. 22, 2010 - PRLog -- NEEDWOOD – 23 NOVEMBER 2010: From today, businesses seeking to combat the UK’s escalating fraud problem can now use a new range of powerful surveillance and detection solutions to identify and eliminate potential security threats before they pose a serious risk.

Companies operating in the financial services, health and leisure sectors have borne the brunt of the fraud epidemic in recent years. Central government and public sector organisations have also become prime targets.

In the last 12 months, fraud has cost the UK more than £30 billion – with one of the biggest threats coming from a new and escalating phenomenon known as ‘insider fraud’.

Intellinx is the leading global fraud management solution helping companies counter the growing fraud threat posed to their business by employees. It is used by businesses based in more than 30 countries and has been designed specifically to address the issues associated with employees who chose to steal from their employer.

Intellinx Version 4, which has just been released and is marketed in the UK by e-Solutions, offers an unrivalled package of benefits including:

•   Enhanced alert and incident scoring rules – giving business users greater accuracy in their fight to identify potential fraud threats;

•   Greater flexibility – thereby helping to differentiate between customers and enabling the raising or lowering of security levels on a case-by-case basis;

•   A single point of entry – this enables users to access and control key data through one application and monitoring screen.

These refinements build on earlier versions of Intellinx, which enable investigators to record the interaction of all employees and agents registered on a computer network, zoom-in on suspicious activities and replay every screen accessed and every keystroke within an application as if looking over the end-user's shoulder.

“The UK’s fraud problem has grown disproportionally in recent years,” commented Angus Stewart, chief executive of e-Solutions. “Businesses now face a real threat to their well-being if they don’t start to take appropriate preventative measures to combat the real threats they face.

“The last few years have seen organised criminal gangs switch on to the big benefits associated with crimes like insider fraud, which at the moment offers significant returns and relatively low levels of risk to a thief.

“But it’s time to fight back and make life as difficult as possible for fraudsters – and that’s been the driving force behind the development of Intellinx.”

NOTES TO EDITORS:
1.   Intellinix is patented in the US and India – and is patent-pending in Europe.
2.   The Intellinx architecture is very flexible and scalable, and provides a cost-effective solution to organisations that employ between 300 and 100,000+ employees;
3.   It can be deployed in a wide range of configurations according to the structure and needs of an individual organisation. Intellinx may be configured for supporting a central auditing and investigation group that audits all end users as well as decentralised groups of auditors and investigators, each monitoring a subset of the users.
4.   Intellinx is a technology that intercepts communication between end-users and application servers by analysing network transmissions through the network switch. In this way, Intellinx does not impact on the performance of hosts, clients or networks in any way;
5.   There is no need to install any software or hardware on host or clients. The system runs on a separate server running Windows, UNIX or Linux, or for large organisations it can operate on an IBM mainframe;
6.   The installation process is quick and can be live within five working days – with no risk to IT operations;
7.   Recorded data is stored in a highly condensed format, allowing the monitoring of tens of thousands of end-users within an organisation without major impact on disk space.
8.   Recording files are encrypted and digitally signed, making them potentially admissible in court proceedings.
9.   For more information about the range of services we offer, please visit our online home at www.e-solutions.uk.com

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e-Solutions is one of the UK's leading enterprise fraud management, internal audit and compliance consultancies. We work with a number of leading blue chip businesses, helping them reduce the risks associated with employee fraud and identity theft.