Access control software - Expert commentary

How AI Is Revolutionizing Fraud Detection
How AI Is Revolutionizing Fraud Detection

The Annual Fraud Indicator estimates that fraud costs the United Kingdom approximately £190 billion every year. The private sector is hit the hardest and loses around £140 billion a year, while the public sector loses more than £40 billion, and individuals lose roughly £7 billion. The effects of fraud can be devastating on both individuals and organizations. Companies can suffer irreversible damage to reputation and be forced to close, and individuals can experience significant personal losses. Everyone should be aware of the risks and take steps to protect themselves against fraudulent activity. Fraud detection technology Fraud detection technology has advanced rapidly, over the years and made it easier for security professionals to detect and prevent fraud. Here are some of the key ways that Artificial Intelligence (AI) is revolutionising fraud detection - with insight from Tessema Tesfachew, the Head of Product at Avora. An anomaly can be described as a behavior that deviates from the expected An anomaly can be described as a behavior that deviates from the expected. According to Tessema Tesfachew, “Autonomous monitoring and anomaly detection specifically, have made detecting fraudulent activity faster and more accurate. Machines can monitor data 24/7 as it comes in, build patterns of behavior that take into account seasonality and shifting trends, and identify events that don’t fit the norm.” For example, banks can use AI software to gain an overview of a customer’s spending habits online. Having this level of insight allows an anomaly detection system to determine whether a transaction is normal or not. Suspicious transactions can be flagged for further investigation and verified by the customer. If the transaction is not fraudulent, then the information can be put into the anomaly detection system to learn more about the customer’s spending behavior online. Accurate root cause analysis Root cause analysis goes one step further than anomaly detection, by allowing security professionals to pinpoint what caused the anomaly. Tessema explains how an example of this would be if a system detects that the rate of fraudulent transactions has increased. Root cause analysis would pinpoint the specific ATM or point of sale, where this increase is occurring. Swift action can then be taken to prevent fraudulent activity at that location in the future. Fewer false positives As mentioned, false positives can occur if a fraud detection system identifies behavior that goes against the norm, for instance, if a customer makes a transaction in a new location. In many cases, customers are required to complete identity verification to prove that a transaction is not fraudulent. Digital customer identity verification can help brands build a strong and reputable image. That said, forcing users to complete identify certifications regularly can cause frustration and harm the customer experience. AI anomaly detection AI fraud detection systems can carry out accurate data analysis in milliseconds and identify complex patterns in data AI anomaly detection is far more accurate and results in fewer false positives. Increasing the accuracy of anomaly detection helps companies improve customer relationships and build a strong reputation. This will have a positive impact on brand image and sales revenue. AI fraud detection systems can carry out accurate data analysis in milliseconds and identify complex patterns in data. Machines are more efficient than even the most skilled fraud analysts and make fewer errors. This is why AI fraud detection software is the preferred option in larger organizations. Importance of fraud analysts However, fraud analysts still play an important role in fraud prevention. Using a combination of human intervention and AI is usually the most effective approach when it comes to fraud detection. According to pymnts.com, innovative organizations now use a variety of AI and supervised and unsupervised machine learning to identify and protect against fraud. AI systems can complete time-consuming and repetitive tasks, such as data collection and analysis. This means that fraud analysts can focus their time and attention on critical tasks that require human intervention, e.g. monitoring risk scores. AI can automate processes and enhance the quality of the fraud analysts’ work. Conclusion In to Tessema Tesfachew’s opinion, “Fraud detection has become vastly more efficient and effective with the introduction of Artificial Intelligence (AI). Previously, methods for detecting fraudulent activities were still data-rich, but relied more on human intervention and expert bias, and were thus, more time consuming and prone to error.” AI technology, particular anomaly detection, has streamlined fraud detection and created a more efficient, and accurate system for detecting and preventing fraud. Covid-19 has increased the number of online transactions, which creates more opportunities for fraudulent activity. However, it also allows businesses to gain more information on their customers and enhance the capabilities of AI security software. It is more important than ever for organizations to utilize AI technology in fraud detection strategies.

Tackling The Challenge Of The Growing Cybersecurity Gap
Tackling The Challenge Of The Growing Cybersecurity Gap

The SolarWinds cyberattack of 2020 was cited by security experts as “one of the potentially largest penetrations of Western governments” since the Cold War. This attack put cybersecurity front and center on people’s minds again. Hacking communication protocol The attack targeted the US government and reportedly compromised the treasury and commerce departments and Homeland Security. What’s interesting about the SolarWinds attack is that it was caused by the exploitation of a hacker who injected a backdoor communications protocol.  This means that months ahead of the attack, hackers broke into SolarWinds systems and added malicious code into the company’s software development system. Later on, updates being pushed out included the malicious code, creating a backdoor communication for the hackers to use. Once a body is hacked, access can be gained to many. An explosion of network devices What has made the threat of cyberattacks much more prominent these days has been IT's growth in the last 20 years, notably cheaper and cheaper IoT devices. This has led to an explosion of network devices. IT spending has never really matched the pace of hardware and software growth Compounding this issue is that IT spending has never really matched the pace of hardware and software growth. Inevitably, leading to vulnerabilities, limited IT resources, and an increase in IoT devices get more attention from would-be hackers. Bridging the cybersecurity gap In the author’s view, this is the main reason why the cybersecurity gap is growing. This is because it inevitably boils down to counter-strike versus counter-strike. IT teams plug holes, and hackers find new ones, that is never going to stop. The companies must continue fighting cyber threats by developing new ways of protecting through in-house testing, security best practice sources, and both market and customer leads. End-user awareness One of the key battlegrounds here is the education of end-users. This is an area where the battle is being won at present, in the author’s opinion. End-users awareness of cybersecurity is increasing. It is crucial to educate end-users on what IoT devices are available, how they are configured, how to enable it effectively, and critically, how to use it correctly and safely. Physical security network A valuable product that tackles cybersecurity is, of course, Razberi Monitor™, which is new to ComNet’s portfolio. Monitor™ is a software platform that provides a top-down view of the physical security network and ecosystem. Monitor™ is a software platform that provides a top-down view of the physical security network and ecosystem It monitors and manages all the system components for cybersecurity and system health, providing secure visibility into the availability, performance, and cyber posture of servers, storage, cameras, and networked security devices. Proactive maintenance By intelligently utilizing system properties and sensor data, Razberi’s award-winning cybersecurity software prevents problems while providing a centralized location for asset and alert management. Monitor™ enables proactive maintenance by offering problem resolutions before they become more significant problems. Identifying issues before they fail and become an outage is key to system availability and, moreover, is a considerable cost saving.

Hybrid Working And The Threat Of Desk Data
Hybrid Working And The Threat Of Desk Data

The transition to remote working has been a revelation for many traditional office staff, yet concerns over data security risks are rising. Mark Harper of HSM explains why businesses and their remote workers must remain vigilant when it comes to physical document security in homes. Pre-pandemic, home offices were often that neglected room in people’s homes. But now things are different. After the initial lockdown in 2020, 46.6% of UK workers did some work at home with 86% of those doing so because of the pandemic. Semi-Permanent workspaces Since then, many have found that over time, those semi-permanent workspaces have become slightly more permanent – with official hybrid working coming into effect for an assortment of businesses and their teams. The adoption of hybrid working can in fact be seen as one of the few positives to come from the pandemic, with less travel, more freedom and higher productivity top of the benefits list for businesses and their employees. The handling of sensitive documents, is a growing concern for office managers But those welcomed benefits don’t tell the whole story. The transition to remote working has undoubtedly impacted workplace security, with various touch points at risk. The handling of sensitive documents for example, is a growing concern for office managers. In simpler times, sensitive data was more or less contained in an office space, but with millions of home setups to now think about, how can businesses and their office managers control the issue of desk data? Physical document security As of January 2021, it’s said that one in three UK workers are based exclusively at home. That’s millions of individuals from a variety of sectors, all of which must continue in their efforts to remain data secure. With that, reports of cyber security fears are consistently making the news but that shouldn’t be the sole focus. There is also the underlying, but growing, issue of physical document security. The move to remote working hasn’t removed these physical forms of data – think hard drives, USBs and paper based documentation. A recent surge in demand for home printers for example, only exemplifies the use of physical documents and the potential security issues home offices are facing. Adding to that, research conducted in 2020 found that two out of three employees who printed documents at home admitted to binning those documents both in and outside of their house without shredding them. Data security concern Without the right equipment, policies and guidance, businesses are sure to be at risk Those findings present a huge data security concern, one that must be fixed immediately. The Information Commissioner’s Office (ICO) has since released guidance for those working from their bedrooms and dining tables. Designed to help overcome these challenges, the ‘security checklists’ and ‘top tips’ should be the first port of call for many. Yet throughout, the ICO make reference to ‘following your organization’s policies and guidance’ – highlighting that the onus isn’t solely on the individuals working from their makeshift offices. Office managers have a monumental task on their hands to ensure teams are well equipped within their home setups. Without the right equipment, policies and guidance, businesses are sure to be at risk. But it would be wrong to insinuate that unsecure desk data has only now become an issue for organizations. Modern office spaces Keeping clear desks has long been a battle for many office managers. In fact, clear desk policies are practiced in most modern office spaces, with it recognized as a key preventative to personal information being wrongly accessed and so falling foul of GDPR legislation. Throwing sensitive documents in the bin was never an option pre-pandemic However, the unsupervised aspect of home working has led to a potentially more lax approach to these policies, or in some cases, they can’t be followed at all. For those taking a more laid back approach, organization leaders must remind staff of their data security responsibilities and why clear desk policies have previously proven effective. Ultimately, throwing sensitive documents in the bin was never an option pre-pandemic and this must be carried through to home workspaces now. Securely destroy documents There are also concerns over the equipment people have access to at home. For example, without a reliable home shredding solution, data security suddenly becomes a tougher task. To add to that, several recommendations state that employees working from home should avoid throwing documents away by instead transporting them to the office for shredding once lockdown rules ease. While this is an option, it does pose further issues, with document security at risk of accidental loss or even theft throughout the transportation period, not to mention the time spent in storage. The best and most effective way to securely destroy documents is at the source, especially in environments where higher levels of personal data is regularly handled. Correct shredding equipment The recent findings on home office behavior represent a true security risk Only when home workers implement their own clear desk policies alongside the correct shredding equipment (at the correct security level), can both home office spaces and regular offices become data secure. Realistically, these solutions should, like the common home printer, become a staple in home office spaces moving forward. The likelihood is that many UK workers will remain in their home offices for the foreseeable future, only to emerge as hybrid workers post-pandemic. And while the current working environment is more ideal for some than others, the recent findings on home office behavior represent a true security risk to organizations. With this in mind, it’s now more key than ever for business leaders, their office managers and homeworkers to all step up and get a handle on home data security policies (as well as maintaining their standards back at the office) – starting with the implementation of clear desk policies. After all, a clear desk equals a clear mind.

Latest BQT Solutions (UK) Ltd news

Ava Group To Showcase Its Portfolio Of Security Solutions At ISC West 2019
Ava Group To Showcase Its Portfolio Of Security Solutions At ISC West 2019

Ava Group (AVA), a provider of security risk management services and technology will be showcasing its portfolio of security solutions at ISC West - Las Vegas, booth 25103. ISC West is the largest converged security industry trade show in the US with the exhibition taking place from April 10-12th. The event provides a major platform for professional networking, sourcing new suppliers and introducing new products and technologies, encompassing everything from access control to unmanned vehicles. ISC West also includes the SIA Education@ISC conference program, running from April 9-11th. Risk Management Services Ava Group’s technology division incorporates two well established security risk management companies - Future Fibre Technologies (FFT) and BQT Solutions, both of which will be on the booth this April. As a provider of risk management services and technologies, Ava Group offers a portfolio of complementary solutions encompassing both fiber optic intrusion detection as well as high security access control and locking. Ava Group is proud to present the latest solutions from its technology division, namely the Orca lock and latest enhancements to the Aura Ai-2 controller Ava Group is proud to present the latest solutions from its technology division, namely the Orca lock and latest enhancements to the Aura Ai-2 controller. The enhanced Aura Ai-2 from Future Fibre Technologies features unrivalled high-sensitivity detection, location accuracy, cut resilience capability and the industry’s longest linear range. Outdoor Locking Solution This product features new ultra-low noise optical detection electronics. This ensures a single controller can cover a distance up to 110 kilometers, accurately detecting, locating and reporting multiple disturbances to just +/- two meters. BQT Solutions will be demonstrating the new high-strength Orca lock (YG80) – providing ultimate security for all environments. Building on the success of the award winning YG10, the Orca lock is designed for securing gates, roller doors, shipping containers and any other large door or entryway. Alongside the Orca’s impressive physical attributes, a unique feature is its ability to fully integrate into an access control system, surpassing any other solutions available in the market. Orca is fully monitored, weatherproof, and user configurable - providing the perfect indoor and outdoor locking solution. Real-World Projects The Ava Group team will be on hand to explain how its solutions are being used in real-world projects to address the latest threats As well as getting to know the product range, the Ava Group team will be on hand to explain how its solutions are being used in real-world projects to address the latest threats. Newly appointed Chief Operating Officer, Scott Basham commented, “We’ve seen continued growth in demand for our products in the US market and returning to ISC West provides us with a perfect platform to showcase our broad range of capabilities and explain to visitors how our product range can be applied to meet their particular needs. We always welcome the opportunity to be face-to-face with our customers worldwide and thoroughly enjoy being able to engage directly with the market in this way.” Fiber Sensing Technology Alongside their presence in the exhibition hall, Ava Group’s CTO – Technology, Dr Jim Katsifolis will be presenting ‘Fiber Optic Perimeter Intrusion Detection Systems (PIDS): Trends, Myths and Realities Revealed’ 10:15 am on April 9th, Sands 302. This presentation promises to cover how best to select appropriate fiber sensing technology products when specifying, as well as how to assess the true performance of such PIDS systems. With over 1,000 exhibitors and brands and an anticipated 30,000 security professionals, ISC West is a must-visit for anyone in the security risk industry.

AVA Group To Showcase Security Solutions Alongwith FFT And BQT Solutions At Intersec Dubai 2019
AVA Group To Showcase Security Solutions Alongwith FFT And BQT Solutions At Intersec Dubai 2019

Ava Group (AVA), a provider of security risk management services and technology will be showcasing its portfolio of security solutions at Intersec Dubai 2019, stand S3-C48. Intersec Dubai features a rich selection of exhibitors in Security, Safety & Fire Protection, attracting visitors from the Middle East, Africa, the Indian subcontinent and well beyond. Ava Group will be presenting the latest exciting solutions from its technology division - which incorporates Future Fibre Technologies (FFT) and BQT Solutions. As a provider of risk management services and technologies, Ava Group offers a portfolio of complementary solutions encompassing both fibre optic intrusion detection and high security access control and locking. Increased Investment As a key event for the region and beyond, Intersec Dubai is the perfect way for security providers and buyers to start 2019" Mark Horton, Global Sales & Marketing Director commented, “As a key event for the region and beyond, Intersec Dubai is the perfect way for security providers and buyers to start 2019. Our solutions offer the very latest in security technology and the highest levels of protection, key benefits that we know are always well-received by visitors at the event.” Mark continued, “Over the last couple of years we have seen a significant growth in demand for our products in the Middle East, with increased investment in infrastructure across the region as a whole. Because of continued growth in the market, we have also invested in the expansion of our Dubai-based office and regional support team to ensure we are perfectly placed to supply and service our customers.” Reporting Multiple Disturbances Future Fibre Technologies will be showcasing its enhanced Aura Ai-2 controller. Featuring unrivalled high-sensitivity detection, location accuracy, cut resilience capability and the industry’s longest linear range - this product features new ultra-low noise optical detection electronics. This ensures a single controller can cover a distance up to 110 kilometres, accurately detecting, locating and reporting multiple disturbances to just +/- two metres. Also on stand S3-C48, BQT Solutions will be demonstrating the new high-strength Orca lock to the middle east market Also on stand S3-C48, BQT Solutions will be demonstrating the new high-strength Orca lock to the middle east market. Building on the success of the award winning YG10, the Orca lock is designed for securing gates, roller doors, shipping containers and any other large door or entryway. Alongside the Orca’s impressive physical attributes, a unique feature is its ability to fully integrate into an access control system, surpassing any other solutions available in the market. Security Risk Management Orca is fully monitored, weatherproof, and user configurable - providing the perfect indoor and outdoor locking solution. As well as the products themselves, the Ava Group team will be on hand to explain how its solutions are being used in real-world projects to address the latest threats. Mark concluded, “We are looking forward to discussing recent key examples of our technology in action, including a major military closed data network where our data network infrastructure protection solution is protecting against tapping and tampering. These projects illustrate the depth of our expertise in security risk management and highlight the level of protection which we achieve to client’s assets and infrastructure. If you are visiting the event come and have a chat with our friendly and expert team on Stand S3-C48 about your specific security needs.”

Ava Group To Showcase Technology Portfolio Of Security Solutions At International Security Expo 2018
Ava Group To Showcase Technology Portfolio Of Security Solutions At International Security Expo 2018

Ava Group (AVA), global provider of security risk management services and technology will be presenting its portfolio of security solutions at International Security Expo, stand E74. The expo also hosts a range of certified conferences and workshops covering every major sector of the security industry. Taking place over two days at London Olympia, the event focuses on the needs of government and CNI amongst other key sectors. Fiber Optic Intrusion Detection Ava Group will be showcasing the latest solutions from its technology division - incorporating Future Fibre Technologies and BQT Solutions. The Ava Group is a market leader of risk management services and technologies, offering a portfolio of complementary solutions encompassing both fiber optic intrusion detection and high security access control and locking. Mark Horton, Global Sales & Marketing Director – Future Fibre Technologies commented, “Our brands have a strong pedigree in some of the expo’s key sectors including government and CNI, and we’re very much looking forward to discussing with visitors how Ava’s solutions can be applied to protect their organizations. Ava Group has had some major project wins in recent months including a major military closed data network, who have selected our data network infrastructure protection solution to secure its network against tapping and tampering. It is projects such as this that demonstrate Ava Group’s expertise in security risk management and protection of client’s assets and infrastructure.” Perimeter Security Technology New ultra-low noise optical detection electronics ensure a single controller can cover a distance up to 110 kilometres Ava Group’s CTO – Technology, Dr Jim Katsifolis will be presenting in the Perimeter Security & Intrusion Detection Technology Workshop on ‘Security within security in a converged perimeter intrusion detection solution’ on the first morning of the exhibition. An accomplished R&D professional, Jim will explore the latest generation of PIDS technologies, the convergence of intrusion detection and cybersecurity as well as addressing some common myths in this field. Featured on the stand will be the enhanced Aura Ai-2 controller from Future Fibre Technologies. This market-leading product offers unrivalled high-sensitivity detection, location accuracy, cut resilience capability and the industry’s longest linear range. New ultra-low noise optical detection electronics ensure a single controller can cover a distance up to 110 kilometres and can accurately detect, locate and report multiple disturbances to +/- 2 metres. Security Management Solution Ava Group is also previewing its Small Site Assurance range, which is designed to protect remote unmanned locations through a holistic security management solution. The solution incorporates intrusion detection, access control and locking as well as environmental monitoring - all controlled remotely from a simple graphical user interface. The Small Site Assurance range is particularly suited for utilities, telecoms, energy, oil & gas and data centers that are at risk from threats such as vandalism, opportunistic and targeted theft, terrorist attack, trespass, system failure, accident or injury. Orca Locking Security Solution The Orca lock is a high-strength lock designed for securing gates, roller doors, shipping containers, and any other large door or entryway From BQT Solutions, Ava Group will be demonstrating the Orca lock. Building on the success of the award winning YG10, the Orca lock is a high-strength lock designed for securing gates, roller doors, shipping containers, and any other large door or entryway. Alongside the Orca’s impressive physical attributes, its ability to integrate into an access control system is what elevates it beyond anything available in the market. Fully monitored, weatherproof, and user configurable, the Orca is the perfect indoor and outdoor locking solution. BQT will also demonstrate the latest software integration between its miPASS Access TMS software and Paxton’s Net2 access control software. The integration enables the seamless addition of BQT biometric readers to new or existing Net2 systems, facilitating a smooth transition from less secure card technologies to more robust options like fingerprint biometrics and BQT’s own miPASS credentials.

Related white papers

Delivering a Smart, Secure and Healthy Workplace with Cloud

Facing the Ever-evolving Hacker Head-on

Four Areas to Consider in Frictionless Access Control