Entrust, a provider of information security solutions, has announced that DnB Nor, a financial institution in Norway, has selected its security strategy and the zero-touch fraud detection component of its risk-based authentication solution.
According to the company, DnB Nor will leverage the real-time fraud detection and historical analysis capabilities of Entrust. These tools, coupled with critical data from the Entrust Open Fraud Intelligence Network (OFIN), are expected to help protect consumer online transactions from fraud. These capabilities enable organizations to collect data to help identify current and future potential fraud attacks.
Bill Conner, chairman, president and CEO of Entrust, said: As one of the largest financial services groups in the Nordic region, DnB Nor had a high security standard for their customers, shareholders and brand image.
The zero-touch fraud detection capability not only helps meet their current security objectives, but allows them to study key fraud data to help prevent fraud attacks in the future and potentially address them before they even occur.