Using Analytics to Fight Fraud

David Pack of LogRhythm
Financial institutions can use real-time security analytics to detect early indicators of fraud, such as cash-out schemes, says David Pack of LogRhythm.

By collecting and carefully analyzing log data from multiple sources across the enterprise, banks can spot the signs of fraud, he says.

In an interview, Pack:

  • Describes the new concept of multi-dimensional behavioral analytics;
  • Gives an example of how a cash-out scheme could be detected;
  • Outlines how security information event management could also be applied in healthcare.

Pack is director of LogRhythm Labs.

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