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Intellinx Ltd.

Intellinx The Enterprise Fraud and Monitoring Solution


Leading provider of end-user surveillance solutions for detecting & preventing enterprise fraud and information leakage

Founded in 2005

Over 150 customers worldwide

3 of the 10 leading banks in the US are using Intellinx

2 of the 4 largest banks in China are using Intellinx

A worldwide network of partners

Ranked by Gartner as #1 solution for Internal Fraud Detection in 2010

Ranked by Gartner as #1 EFM solution in deployment simplicity in 2010

About IntellinxAbout Intellinx


The Enterprise Fraud Paradigm Shift

Other Fraud Vendors

Long and complex set-up phase including heavy data integration

Black box – you must hire their professional services or developers to make any changes

Missing data – they only see what’s already in databases, files, and logs. Key transactions are missing.

Intellinx

Simple - Ranked by Gartner as #1 EFM solution in deployment simplicity

Configurable – rules, reports, dashboards, security, etc. all configurable by business users

More data – in addition to databases, files, and logs, Intellinx’s patented sniffing records user activity (important for online banking and internal fraud)


Intellinx – End-to-End Fraud Prevention


Monitored Environment

Mainframe

Network Switch Existing Data Sources

• Databases

• Reference

• Log Files

Web Server

Client/ Server

AS 400

External Users eBusiness customers

Internal Users

Database Server

•Business User•Privileged IT User

tables

IntellinxFunctions Search Engine

Investigation Center &Case Manager

Data Collector & Consolidator

Visual Audit Trail Analyzed Data

Analytic Engine

Intellinx – General Architecture

IntellinxUsers

•Visual replay

•Google like search

•Reports

•Google like search

•Alerts•Cases•Profiles

Auditors Compliance Officers Fraud Investigators


Rule Examples

What? Access of a specific account Access an account included in a White list/ Black list Access any account more than x times in an hour/day

How? Search for accounts according to customer name more than x times in an hour/ day

When? All the above – after hours

Where from? All the above from which department

Time correlation Same user-id login from different terminals in the same time Access customer sensitive data without customer call in the call center at the same time

Data correlation Add same address/ beneficiary to different accounts by the same user

Aggregation Sum of transfers of an account/ user exceeds x

Scenario Add beneficiary then transfer/withdraw money then delete beneficiary - all in 48 hours

Change address then transfer/withdraw money then delete address - all in 48 hours

Increase credit limit then transfer/withdraw money then decrease credit limit - all in 48 hours

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Multi-Layered Defense from Online Web Fraud

Layer 1: Online Monitoring

Intellinx automaticallyrecords all user activity in

your online banking applications .

Intellinx automaticallyrecords all user activity in

your online banking applications .

• Fast implementation. No heavy integration – as soon as the Intellinx data collectors are plugged in to the network, online banking monitoring starts.

• Greater visibility. Other vendors use log files that only tell part of the story. Intellinx literally records all online banking activity, and uses these recordings to spot fraudulent behavior earlier.

• Automated profiling.Intellinx automates the process of building customer-level profiles. This means that the system will alert only when a customer behaves unusually vs. their normal behavior.

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Intellinx integrates with other anti-fraud controls in your environment to more accurately identify

fraud .

Intellinx integrates with other anti-fraud controls in your environment to more accurately identify

fraud .

Eliminate silos and redundant alerts.

It’s easy to find oneself managing alerts from multiple anti-fraud systems. Intellinx integrates with all of them and provides a single risk score across all online banking anti-fraud systems.

Intellinx’s Multi-Layered Defense from Online Fraud

Layer 2: Aggregate All Online Anti-Fraud Alerts

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Intellinx integrateswith customerdatabases to more accurately

identify fraud .

Intellinx integrateswith customerdatabases to more accurately

identify fraud .


Layer 3: Integration with Customer Data

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Layer 4: Integration with Core Bank Systems

Intellinx integrateswith core banksystems to more accurately

identify cross-channel fraud .

Intellinx integrateswith core banksystems to more accurately

identify cross-channel fraud .

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The Intellinx Enterprise Case ManagerManage and track cases requiring SAR submission and their respective due dates according to FinCen guidelines

Auto populate SAR with all relevant data

Support both E-Filing and manual submission (PDF)

Compliance and fraud trend reports

Productivity reports and detailed audit trail provide accountability for all employee actions

Link Analysis

Integration with other organizational systems for data reuse and quick deployment

Highly Customizable: Case types, Layout, Workflow

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Investigator’s Dashboard

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Case Detailed View

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SAR PDF

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Case-Suspect Link Analysis

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Benefit 1: Pre-Loss Detection of Major Internal Fraud Cases

Case Study: major collusion between insiders and crime ring

An international long-term savings and investment group with over 12 million customers and approximately 15,000 local employees (55,000 worldwide) deployed Intellinx for monitoring employees activity in the corporate systems and for detecting insider fraud.

5 months into the implementation project the system alerted on suspicious activity of several employees which led to investigation that revealed a collusion between several insiders and a crime ring for stealing company’s funds.

Benefits & Return on Investment: $2 million + avoiding reputational damage

If the case hadn’t been detected using the Intellinx system, the investigators working on the case estimated a loss of $2 million andreputational damage for the institution.

This case was identified in the first five months of the implementation project – the system wasn’t even fully implemented yet.

In your organization, look at recent large cases over the past few years,and estimate what losses could have been prevented with an employeefraud monitoring solution in place.

©Intellinx Ltd. All Rights Reserved

19Apr 10, 2023 ©Intellinx Ltd. All Rights Reserved

Benefit 2: Detection of many smaller Internal Fraud Cases

Case Study: 400 cases in 2 months

$50 Billion Bank deployed the Intellinx pre-packaged employee fraud solution.

During the first 2 months of production the system alerted every day on about 10 real cases of employee misconduct, with a total of about 400 cases of various employees. In fact, the bank initially thought that these were false positives, but upon investigation found them to be legitimate internal fraud and not-following-policy cases.

Once employees were questioned about their misconduct they changed their behavior and started to comply with the bank policies. Cases included:

Employees conducting monetary transaction on their own account

Employees conducting transactions that are unusual for their role, accessing systems they shouldn't.

Benefits & Return on Investment: estimated at $1.8 – 2.8 millionWhile this client declined to provide hard numbers, the AFCE reports that the median internal fraud loss in Banking and Financial Services is $232,000.1

If only a very modest 2-3% of the 400 cases identified had led to a loss, the potential loss would have been $1.8 – 2.8 million. And this was just in the first two months.

Soft benefits reported include investigators able to prove various cases of insider fraud while requiring much less time to research and look for evidence.

1 Page 29, 2012 Report to the Nations on Occupation Fraud, ACFE


Benefit 3: Massive IT project cost avoidance

Case Study: compliance in just two months

$91 billion bank had to comply with a GLBA-like privacy regulation that requires all banks in the jurisdiction to maintain a detailed audit trail of all user access to customer data, including updates and queries.

While the bank had an existing logging system, it did not include all the transactions, and in most cases it did not log queries.

Benefits & Return on Investment: avoidance of $1.5 – 10 million projectThe bank planned a compliance project for adding a small logging component to each one of their thousands of mainframe programs. The estimated cost was over $1.5 million (100 programmer months and additional maintenance/overhead on mainframe) and the estimated timeframe was well over a year.

Other, larger banks in a similar position have approved project budgets of $10 million+ to update all core systems to comply with privacy regulators.

Intellinx was able to deliver more robust monitoring at a lower price and in justtwo months.


Benefit 4: Replacing existing system or vendor

Case Study: replacing outdated storage with more robust solution

A leading credit reporting agency implemented Intellinx for monitoring and archiving all inquiries and transactions against sensitive data by both internal users (employees) and external users (customers and third-parties).

Previously, the inquiry records were stored in a microfiche system, which was both costly to maintain and very slow to access.

Benefits & Return on Investment: $700,000 annual savingsThe existing microfiche system cost the credit reporting agency $700,000 a year in maintenance costs.

This organization also experienced a dramatic increase in their rate of fraud detection since implementing Intellinx, going from zero investigations in 2007 to over 1,500 investigations in 2012. If only a very modest 2-3% of the 1,500 cases identified had led to a loss, the potential loss would have been $6.9 – 10.4 million.1

As a soft benefit the typical investigation time was reduced by 80%, going from 2-3 weeks to 2-3 days.

While reduced investigation time was a soft benefit in this organization, it can also be a hard benefit in organizations that plan to reallocate staff to other priorities, or reduce the amount of staff dedicated to investigations.

1 Page 29, 2012 Report to the Nations on Occupation Fraud, ACFE


Benefit 5: Reducing / reallocation investigator costs

Case Study: improve investigation time by 90%+

A State Criminal Justice Information System implemented Intellinx for monitoring all access to sensitive customer data by employees and for improving internal investigations of information leakage and policy breaches.

Benefits & Return on Investment: $650,000 a year in reduced staff costsAfter installing Intellinx, the average time to conduct investigations was dramatically reduced by more than 90% (some investigations were reduced from 10 weeks to 20 minutes).

The hard cost savings totalled $650,000 a year, which includes reallocating both investigators and IT staff to other functions, and reducing reliance on archive tapes.

The soft benefits that this organization reported include:

Real-time Alerts allow enforcing security policies by detecting security breaches immediately and enhancing officer safety

Deters users just by knowing that all their actions are recorded

Enhances the State’s ability to enforce its laws relating to access and dissemination of records

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For More Information please contact…

Len Santalucia, CTO & Business Development Manager Vicom Infinity, Inc.

One Penn Plaza – Suite 2010 New York, NY 10119

212-799-9375 office 917-856-4493 mobile

[email protected] About Vicom InfinityAccount Presence Since Late 1990’sIBM Premier Business PartnerReseller of IBM Hardware, Software, and MaintenanceVendor Source for the Last 4 Generations of Mainframes/IBM StorageProfessional and IT Architectural Services

Vicom Family of Companies Also Offer Leasing & Financing, Computer Services, and IT Staffing & IT Project Management

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