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June 27, 2012 /PRNewswire/ --
Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its
ProfitStars® division today announced that more than 100 banks have selected its Gladiator NetTeller® Enterprise Security Monitoring™ (ESM) solution since the FFIEC Authentication Guidance Supplement deadline was issued in
ESM is an automated core monitoring service that integrates directly with Jack Henry Banking's SilverLake System® and CIF 20/20® systems. The comprehensive monitoring solution helps banks respond to the demands of today's regulatory mandates regarding information security threats, with 24/7 monitoring by Gladiator's expert security analysts who have extensive knowledge of the latest fraud trends. It helps protect against outside hacker attempts and unauthorized internal actions that can cause security breaches. Banks leveraging the ESM solution regularly impress auditors with their layered security controls.
NetTeller ESM, designed for banks using Jack Henry Banking's NetTeller Online Banking
™ platform, provides an additional layer of security protection for banks to proactively defend their retail and commercial customers from online fraud. NetTeller ESM adds layers of security that track various cash management and online banking activities to help identify ACH/wire fraud and support compliance with the
FFIEC Authentication Guidance Supplement issued in
ESM fraud analytics enable banks to proactively manage threats by defining pre-emptive measures to track key events and flag items requiring immediate attention. The cross-channel solution monitors internal and online activities using behavioral analytics to determine if activity is expected and legitimate when compared to historic data and patterns, and also uses ACH batch analysis to monitor suspicious transaction activity that could indicate fraud.
Matt Riley, group president of Gladiator Technology, said, "The common theme that we see across dynamic security regulations is the need for solid, proactive planning. We are experiencing a strong demand for our ESM solutions largely because of their comprehensive and proactive approach to cross-channel security. Our integration with NetTeller and Jack Henry Banking's SilverLake and CIF 20/20 core platforms enable community and mid–tier banks to better manage their information security, and gain more peace of mind."