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Vericept Adds Fraud, Identity Theft Protection

Vericept Adds Fraud, Identity Theft Protection
March 22, 2004

The Fraud and Identity Theft protection package recently added to the enterprise risk management product set from Vericept helps companies safeguard customer data such as Social Security numbers, credit card numbers and other personal information.

Based on the company's advanced linguistics engine, the new offering passively analyzes all content using pre-defined categories, enabling companies to identify and terminate any activity falling outside of a company's acceptable use policy.

When the software detects a potential fraud or identity theft, it takes a snapshot of the communications chain, including the address where the information was sent, which can later be used as evidence. Search strings can be set up for personnel file information, Social Security numbers, credit card numbers, and steganography and watermarking research.

"We are focused on corporate governance, helping companies preserve their brands and identifying when users of the network may be doing something not in compliance with security policy," says Brett Schklar, senior director of marketing and product management with Vericept.

The linguistic engine can be customized to look for company-specific information, such as project code names. It can also search for unstructured data that resides in Microsoft Word, Excel and PowerPoint, which could fall outside of acceptable use if transmitted.

The Fraud and Identity Theft package can monitor up to 60 categories of potential offense. On the low end, the price to monitor a small environment of fewer than 250 users with Fraud and Identity Theft turned on for one year is less than $5,000. On the high end, the price to monitor every category for a Fortune 25 company of more than 100,000 users could be up to $1 million.

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