Actimize Unveils Employee Fraud Prevention Solution

Actimize, the leading provider of transactional risk management
software for the financial services industry, today unveiled a new
Employee Fraud Prevention Solution, which is already being deployed at
four top 20 banks in the United States and the United Kingdom. To
combat the growing threat and increasing sophistication of employee
fraud, the new solution from Actimize gives banks the analytic
infrastructure and tools to monitor transactions and automate fraud
detection.

The Employee Fraud Prevention Solution from Actimize is a
third-generation solution enabling financial institutions to automate
rules and queries while connecting disparate information sources and
systems like transactional, call center, human resource, physical and
system access data and monetary movements; then delivering suspicious
behavior alerts and offering investigators the ability to drill-into
the data and ask their own unique questions. Generations beyond manual
searches and automated database queries still used by many banks
today, the application's analytics such as fraud correlation can
detect complex fraud scenarios including employee collaboration with
other internal and external fraudsters and can also be customized with
user-defined logic to meet specific business requirements to
successfully stay ahead of fraudsters.

"Employee fraud is one of the biggest operational risks banks face
today," says Avivah Litan, VP distinguished analyst at Gartner. "The
vast majority of employees are honest, but a small subset will steal.
If you do not have the right policies and analytic infrastructure in
place to monitor transactions and activities, you will not be able to
detect sophisticated forms of employee fraud."

According to the Association of Certified Fraud Examiners (ACFE)
2006 Report on Occupational Fraud and Abuse, a typical U.S.
organization loses 6 percent of its annual revenues to occupational
fraud. Occupational or employee fraud can take many forms, including
self-dealing or skimming, embezzlement, data leakage, identity
shielding and collusion, all of which can cost banks millions of
dollars in a single transaction. In its first 60 days of use at a
major US bank, the Employee Fraud Solution from Actimize detected
separate embezzlement and self-dealing attacks.

"Hacking, phishing and other Internet security breaches tend to be
top of mind for banking customers," says Amir Orad, EVP and CMO of
Actimize. "The truth is that employee fraud is a much bigger threat to
your bank account than some hacker sitting in a third-world country.
That is why we are seeing top banks across the US and Europe adopting
Actimize fraud detection technology to guard their customers' and bank
assets."

About Actimize

Mitigating transactional risk across enterprise silos, Actimize is
a leading provider of software solutions for anti-money laundering,
brokerage compliance, customer due diligence and fraud prevention.
Built on a patented, scalable and extensible analytics platform,
Actimize solutions enable financial institutions to increase their
insight into real-time customer behavior and improve risk and
compliance performance. Six of the top 10 global banks and eight of
the top 10 U.S. brokerages use Actimize solutions to process hundreds
of millions of transactions a day. Actimize has offices in New York,
Israel, London and Tokyo. For more information, go to
www.actimize.com.