Featured IT News

Sonos backtracks on forced obsolescence

24 January 2020 in Home Tech

Wireless speaker manufacturer Sonos has had a change of heart about rendering some of its old product effectively unusable.

Pennant acquires Brisbane headquartered Absolute Data Group

24 January 2020 in Strategy

Training and support solutions vendor Pennant Australasia has acquired Brisbane-headquartered software company Absolute Data Group (ADG) as part of its…

Microsoft, Genesys partner to launch contact centre cloud service

24 January 2020 in Market

Microsoft and Genesys have expanded their partnership to provide a new cloud service for contact centres.

Microsoft set to force Bing onto Chrome via Office 365 update

23 January 2020 in Enterprise Solutions

Global software company, Microsoft, today announced it will install a browser extension that makes Bing the default search engine for…

Optus launches ‘green shoots’ grants program to help bushfire affected Australians

23 January 2020 in Telecoms & NBN

Optus has launched a grants program to help re-establish connectivity within regional Australia, particularly through support for small businesses affected…

Aussie Broadband opens new call centre, partners with Learn Local

23 January 2020 in Business Telecommunications

Internet service provider Aussie Broadband has expanded its network, establishing a new call centre in the outer Melbourne suburb of…

Wyndham Destinations hit with $159.6k penalty for telemarketing breaches

23 January 2020 in Business Telecommunications

A breach of Australia’s telemarketing rules has cost American vacation time-share market company Wyndham Destinations Asia Pacific $159,600 in a…

Ericsson chief: Huawei situation creating uncertainty for 5G market

23 January 2020 in Telecoms & NBN

Ericsson chief executive Börje Ekholm says the US bid to prevent its competitor Huawei Technology from gaining deals is not…

2020 ‘watershed year’ for businesses leveraging technology, says Aruba chief

23 January 2020 in Market

2020 will be a watershed year for businesses leveraging technology to transform and personalise experiences, deliver improved business outcomes, and…

Telsoc calls for Govt, political stakeholders to come together on bipartisan NBN strategy in ‘national interest’

23 January 2020 in Telecoms & NBN

Australia’s Telecommunications Association (Telsoc) has called for the Federal Government and all political stakeholders including the Opposition to come together…

Telecoms network resilience at time of disasters under review post-bushfires

23 January 2020 in Telecoms & NBN

Telecommunications network resilience in natural disasters like Australia’s recent bushfire has been under the microscope by the Federal Government, telcos…

VMware to acquire Nyansa

22 January 2020 in Strategy

Digital platform company VMware has revealed a plan to acquire AI-based network analytics vendor Nyansa.

Apple backflip on end-to-end encryption for iCloud: report

22 January 2020 in Security

Apple appears to have held off on protecting its users with end-to-end encryption for their backups on iCloud, with a…

5G smartphones expected to reach 12% of market by year-end: Gartner

22 January 2020 in Mobility

The global share of 5G smartphones will grow from 12% in 2020 to 43% in 2022, the technology research firm…

‘Standalone’ 5G offers opportunities for market differentiation, says analyst firm

22 January 2020 in Business Telecommunications

Standalone 5G is coming in 2020 as a fully virtualised, cloud-native architecture that will enable ultra-low latency services and faster…

Retail, restaurant POS software spend to surpass US$1.7 billion in 2024

22 January 2020 in Market

Global spending on point of sale (POS) software by retail and restaurant businesses is forecast to grow to US$1.7 billion…

Trivago misled consumers, says Federal Court

21 January 2020 in Listed Tech

Hotel booking meta-comparison site Trivago breached the Australian Consumer Law by misleading consumers into it would help them find the…

Downloads soar as Australians ‘binge’ on streaming, says ACCC

21 January 2020 in Business Telecommunications

Australians are spending less time talking on their mobile phones and downloading substantially more data than they were even a…

Breaking IT News

Always-on 5G built-into an expensive new laptop means yet another monthly bill

25 January 2020 in Telecoms & NBN

A news report in an online publication's sponsored 5G section talks about the benefits of an always-on 5G connection in…

AI, emerging technologies encroaching on role of managers in workplace

24 January 2020 in Strategy

Artificial intelligence and emerging technologies like virtual personal assistants and chatbots are rapidly making headway into the workplace and predicted…

Cohesity appoints Steve Coad as country manager Australia, NZ

24 January 2020 in People Moves

Data management vendor Cohesity has appointed 25 year IT industry veteran Steve Coad as country manager for Australia and New…

UK will make the same decision on Huawei that it did last year

24 January 2020 in Open Sauce

Next week, Britain will announce essentially the same decision that leaked out in April 2019, and allow Chinese vendor Huawei…

AWS engineer leaves sensitive info in GitHub repository

24 January 2020 in Security

An Amazon Web Services engineer left 954MB of data in a GitHub repository, among them personal identity documents and system…

WhiteHawk delivering cybersecurity amid heightened threats

23 January 2020 in Security

By Megan Evans SPONSORED NEWS. Increasing in frequency, sophistication, scale and scope, cybersecurity threats are on the rise across the…

250m Microsoft customer support records exposed on Web

23 January 2020 in Security

Two hundred and fifty million records of conversations between Microsoft support agents and customers spanning the period 2005 to December…

Nutanix expands services to MiTek

23 January 2020 in Deals

Global enterprise cloud vendor Nutanix has expanded services to MiTek Australia with the supply of hyperconverged infrastructure software, hardware and…

Anki Vector robot saved by Digital Dream Labs

22 January 2020 in Home Tech

The company behind Cozmo, Vector and the Overdrive car racing game, Anki, went bankrupt, but its assets have been purchased…

Matrixx: to the fore with predictions on 5G, Cloud and IoT

22 January 2020 in Telecoms & NBN

A fourth Matrix movie may well be in development, but savvy telcos have already found the one they need in…

Telstra picks up PTC gongs

22 January 2020 in Telecoms & NBN

Telstra was prominent among the winners of the 2020 Pacific Telecommunications Council (PTC) Awards presented in Honolulu last night.

What to do when Windows 10 says you must uninstall software that isn't there

22 January 2020 in Core Dump

If your efforts to upgrade to Windows 10 are being thwarted by a message telling you to manually uninstall software…

RMIT University offers DASA-backed online DevOps course

22 January 2020 in Education

A new online short course from the Royal Melbourne Institute of Technology (RMIT) aims to provide people in technology and…

Hearing Australia adopts Rimini Street support, maintenance

22 January 2020 in Deals

Hearing services group Hearing Australia has switched to enterprise software company Rimini Street support for its mission-critical ERP system.

Huawei announces Australian rollout of EMUI 10 and Android 10 OS

22 January 2020 in Home Tech

EMUI 10 is Huawei's version of Android 10, the latest version of the Android operating system for smartphones and tablets,…

Science fiction becoming ‘reality’ as advanced technologies start to enhance human beings

22 January 2020 in Strategy

Science fiction is becoming a reality as a range of advanced technologies are starting to enhance human beings, with augmented…

Aspera Mobile polishes a new Gem

22 January 2020 in Mobility

Aspera Mobile's latest low-cost 4G dual-SIM handset - the Gem - runs the full version of Android Pie.

Telco Circles.life donating data boost proceeds to bushfire disaster relief fund

22 January 2020 in Not For Profit

Circles.life, the Singapore-based telco that promises a “more likeable than hateable experience” - and which launched in the Australian market…

Epson simplifies industrial robot management

21 January 2020 in Manufacturing Technology

Multiple industrial robots can be simultaneously managed via new software from Epson.

Genetec grabs Papalia for regional sales role

21 January 2020 in People Moves

Security, operations and BI vendor Genetec has appointed Dominic Papalia as ANZ regional sales manger.

Huawei signs deal with TomTom for use of maps on phones

21 January 2020 in Mobility

Chinese telecommunications equipment provider Huawei Technology has signed a deal with Dutch navigation and digital mapping firm TomTom to use…

 

Popular News

 

Telecommunications

Subscribe to Newsletter

*  Enter the security code shown:

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments

Wednesday, 11 April 2018 00:35

SAS launches new global Fraud and Security Intelligence Division

By

Analytics software vendor SAS has launched a new division to fight fraud globally, applying artificial intelligence and advanced analytics.

According to the Associated of Certified Fraud Examiners, the typical organisation loses 5% of annual revenues to fraud. This comes to trillions of dollars worldwide every year. This fraud can be from outside, by malicious hackers and crackers, and it can even be from inside, by staff misappropriating their access.

PricewaterhouseCoopers' 2018 Global Economic Crime and Fraud Survey says 49% of companies have been victims of fraud and economic crime in the last two years, up from 36% in 2017.

Some companies have no automated fraud detection, despite having a wealth of data at their disposal on transactions, payroll, invoicing, receipting, ordering and supply and more. Other companies have rule-based fraud checks, but for any business of a certain size the number of false positives this can generate that need further investigation can be overwhelming.

SAS says there’s a better and smarter way, leveraging the company’s deep experience in analytics and apply artificial intelligence to really drill into the items that merit attention. The company officially launched its new global Fraud and Security Intelligence Division during SAS Global Forum 2018, in Denver, Colorado this week. The division is headed by Stu Bradley who has been with SAS for nine years, moving from his role as vice-president of Cyber Security Solutions.

The division will further focus and sharpen SAS’ fraud and cyber security portfolio, which is staffed by more than 400 employees in 25 countries. SAS intends to add another 100 employees to the new division over the next three years, with 50 joining by the end of 2018.

The new division launches with some wins under its belt already, including anti-money laundering work with Landsbankinn, the largest bank in Iceland. This institution must find a balance between convenient and efficient service for its 120,000 customers while screening transactions for suspicious activity.

“Landsbankinn seeks to fulfil the strictest requirements regarding money laundering, criminal financing and other illegal activities,” says Thordur Orlygsson, chief compliance officer for Landsbankinn. “And to meet those demands, we need to have a sophisticated and robust solution.”

Landsbankinn selected SAS Anti-Money Laundering to identify patterns in its data, and SAS Visual Analytics to provide data visualisation capabilities for analysts across the organisation.

“It’s not possible for us to look manually at all transactions,” Orlygsson says. “We need a system like SAS to help us do pattern analysis to identify suspicious transactions to be referred for investigation.”

Other current customers include Amica Mutual Insurance, the Georgia Department of Public Health and Société Générale.

“Over the last 15 years, SAS has built a reputation as the leader in fraud and security intelligence,” said Bradley. “The rise of the digital economy has been matched by the rapid spread of fraud and cyber security risks, making now an ideal time for SAS to redouble and refocus its leadership in this area. We want to meet customers where they are in their analytics journeys, particularly as they adopt technologies like AI, IoT and cloud. With SAS to help them, they will be even better equipped to break down data silos, adjust to shifting regulations, and safeguard against present and future risks.”

As enterprising criminals become more organised and technologically sophisticated, the analytic tools used to thwart their schemes must outpace their advances. SAS says the formation of its Fraud and Security Intelligence Division will drive greater innovation by bringing together software developers and technology professionals from across the fraud, compliance and security domains.

The writer is attending SAS Global Forum 2018 as a guest of the company.

CHIEF DATA & ANALYTICS OFFICER BRISBANE 2020

26-27 February 2020 | Hilton Brisbane

Connecting the region’s leading data analytics professionals to drive and inspire your future strategy

Leading the data analytics division has never been easy, but now the challenge is on to remain ahead of the competition and reap the massive rewards as a strategic executive.

Do you want to leverage data governance as an enabler?Are you working at driving AI/ML implementation?

Want to stay abreast of data privacy and AI ethics requirements? Are you working hard to push predictive analytics to the limits?

With so much to keep on top of in such a rapidly changing technology space, collaboration is key to success. You don't need to struggle alone, network and share your struggles as well as your tips for success at CDAO Brisbane.

Discover how your peers have tackled the very same issues you face daily. Network with over 140 of your peers and hear from the leading professionals in your industry. Leverage this community of data and analytics enthusiasts to advance your strategy to the next level.

Download the Agenda to find out more

DOWNLOAD NOW!

David M Williams

David has been computing since 1984 where he instantly gravitated to the family Commodore 64. He completed a Bachelor of Computer Science degree from 1990 to 1992, commencing full-time employment as a systems analyst at the end of that year. David subsequently worked as a UNIX Systems Manager, Asia-Pacific technical specialist for an international software company, Business Analyst, IT Manager, and other roles. David has been the Chief Information Officer for national public companies since 2007, delivering IT knowledge and business acumen, seeking to transform the industries within which he works. David is also involved in the user group community, the Australian Computer Society technical advisory boards, and education.