SAS Ranks on the Forrester Wave: Enterprise Fraud Management, Q1 2013 Report
Feb 20, 2013 (Close-Up Media via COMTEX) --
SAS was ranked in the recent The Forrester Wave: Enterprise Fraud Management, Q1 2013 report.
Part of the SAS Security Intelligence portfolio, SAS for enterprise fraud management, described by the Forrester report as a "true power tool," scored highest among all eight vendors in both current offerings and strategy.
According to a release, the volume and sophistication of fraud continue to grow. Forrester estimates "that globally merchants are paying between $200 billion and $250 billion in fraud losses annually, while banks and financial services organizations are losing between $12 billion and $15 billion annually."
To fight fraud effectively, organizations must continually improve the monitoring of customer behavior across multiple accounts and systems with a technology infrastructure that integrates fraud detection, alert management, network analysis and case management. SAS, along with another vendor, was noted by Forrester as providing integrated compliance and enterprise fraud management as well as enhancing an organization's business intelligence capabilities.
Forrester noted that "SAS offers significant capabilities in analytical and statistical modeling, rule editing, and visual link analytics. The solution's rule writing is customizable and extensible. SAS has a market presence in the broadest spectrum of verticals."
"Harnessing SAS' core analytic capabilities in the enterprise fraud platform offers better fraud prevention and return on investment," said Stu Bradley, Director of Security Intelligence Solutions at SAS. "Forrester recognizing SAS for having the 'broadest presence in nonfinancial verticals such as insurance, government and retail' validates SAS' strategy to leverage cross-industry expertise, establishing the market-leading best practice in financial crimes solutions."
SAS is a company focusing on business analytics software and services, and an independent vendor in the business intelligence market.
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