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LGE Federal Credit Union Boosts Member Confidence with Deployment of Risk-Based Authentication |
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LGE Federal Credit Union (LGEFCU), a full-service, not-for-profit financial institution serving more than 89,000 members worldwide, has deployed Fraud Analyst, a multifactor authentication solution from Digital Resolve, the authority in transparent risk-based authentication, in an effort to provide strong protection for its members and to boost confidence in the use of online banking.
Fraud Analyst is a proven and deployed solution for risk-based authentication that provides powerful yet transparent user authentication, and is helping to reduce online fraud by as much as 90 percent. Using behavior profiles that track the way in which members normally log in to their online accounts, financial institutions can spot suspect login behavior in real time, and provide further authentication should a login transaction meet pre-defined risk thresholds set by the financial institution – all without disrupting the normal member experience while banking online. Furthermore, powerful research, analysis and reporting tools deliver unparalleled insight into the online channel, helping clients to truly understand the way in which online users interact with their web banking applications. |
