The industry has endured several high-profile data breaches over the past 15 months, putting an increased amount of pressure on retailers to keep customer, payment and corporate data secure. Illegal transactions that are the result of hijacked data can easily be lost due to activities such as transaction denial, a billing dispute or multiple store purchases.
IBM has released i2 Enterprise Insight Analysis (EIA), a new solution that allows retailers to uncover hidden cyberthreats within structured and unstructured data. Using the platform, retailers can find patterns within data to reveal the source of a covert attack.
With EIA, retailers can identify criminal activity weeks and even months earlier, empowering them to take action before any significant damage is done. The platform supports operational and technical interoperability, and integrates with existing infrastructure as well as third-party solutions and data sources. EIA also facilitates information sharing between organizations.
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“While most organizations understand how Big Data can help prevent the ever increasing threat of cybercrime, they are so overwhelmed by massive data volumes that they can’t act fast enough to turn it into meaningful intelligence to stop criminals,” said Bob Griffin, General Manager of i2, Threat and Counter Fraud at IBM. “With IBM i2 Enterprise Insight Analysis, we’ve changed the ability of investigators to find that illusive needle in a haystack that helps them detect a cyberattack. This provides any organization with always-on analytics that turns massive amounts of data into real-time insights in a way that simply wasn’t possible before.”
