“The risks are right at our doorsteps and in some cases they are in the house,” claimed FBI director Robert Mueller. Richard Clarke, former White House terrorism czar. ” Every major company in the U.S. and Europe has been penetrated – it’s industrial warfare.”
Adventier (www.adventier.com) announced at the SAP GRC / Financials 2010 a strategic partnership with realtime North America Inc. (www.realtimenorthamerica.com) to provide fraud prevention and data protection solutions to SAP (www.sap.com) customers. “Multi-factor authentication is a best practice and proven technology that every organization should consider for their critical transactions and to protect information on the data level,” said Eric Kang, CEO of Adventier, “With realtime’s innovative technology, Adventier can now provide a simple and yet sophisticated solution for SAP customers to prevent fraud.”
News of financial fraud is in the headlines daily. Unfortunately, the majority of these incidents are committed by insiders, and research also found that 93% of fraud is committed by first-time offenders. In addition, research shows that financial fraud is committed at virtually every organization with the average loss hovering around 7% of total revenue. It takes sometimes years to detect fraud and many crimes are never identified as the intruder stops in time. realtime’s solution, bioLock, allows SAP customers to effectively control access to critical functions through biometrics, smart cards and other advanced technologies. Thomas Neudenberger, COO of realtime adds, “SAP user profiles are just like NASA Space Suits walking around in your office. You don’t know who is actually behind the suit. bioLock will uniquely identify the actual user (behind the space suit) and permit access based on the real identity. “
Adventier (www.adventier.com), leading Enterprise Application Security solution provider, recognizes the importance of fraud prevention for the success, integrity and trust of every organization. Today’s enterprise faces more security challenges than ever before, both in number and in complexity. From firewalls to internal controls, encryption to role design, Adventier has sought out industry leaders to deliver innovative and valuable solutions to its customers. With realtime’s bioLock, SAP customers can control access to critical functions, sensitive data and transactions to prevent fraud through advanced technology such as biometrics.
Biometrics and other advanced security technologies have been adopted more widely in Europe and Asia than here in North America. Organizations that have evaluated these advanced security technologies years ago, and had reservations about them at the time, should take a second look at them as lately the technology has advanced tremendously. For example, today’s fingerprint scanner can measure electrostatic capacity, subskin texture, blood stream, etc. to prevent spoofing. Although no single technology can provide 100% security, research has shown using multiple independent technologies, such as 2-factor authentication, can increase security significantly, reduce the risk of fraud and protect the bottom line. “Adventier is excited to be on the frontier of innovation with our new partner, realtime!” states Kang.
