BAOYI Information Co., Ltd. is founded by senior IT Security Experts who work and focus on IT Security Domains for many years.
We earns credits and reputation of partners and customers by our expertise and reliable services quality.
We believe the long term business is based on our enthusiasm to create value, mutual trust and friendship.
Product Type
What are the most recent fraud use cases in digital banking space and how they have evolved with latest technology, which expose banks to a next level of risks. Artificial intelligence has been an ongoing marketing buzz word and applied in many technological space. We would like to share tips on how can banks break down the mystique and elusiveness of AI to make it practical and explainable in the use of banking fraud detection.
CyberArk Identity Security Solutions Utilize the most complete and flexible identity security functions to protect access security on any device and any location at the right time, including three aspects:
Enforce Privileges:Provides continuous protection and instant access to any identity (human or machine), isolating threats to prevent chaos.
●Privileged Access Manager
Continuously discover and manage privileged
accounts and credentials, isolate and monitor
privileged connections, and remediate risky activity
across environments.
●Cloud Entitlements Manager
Continuous use of artificial intelligence to detect and
correct hidden, misconfigured and unused access
permissions across different cloud environments to
improve visibility.
●Endpoint Privilege Manager
Enforces the principle of least privilege, controls
applications and prevents credential theft on
Windows and Mac desktops and Windows servers to
contain attacks.
●Vender Privileged Access Manager
Enables remote providers to securely access the most sensitive IT assets managed by CyberArk without the use of VPNs, proxies or passwords.
Grant Access:Leverage artificial intelligence to help prevent threats while inviting your employees and customer identities in.
●Workforce Identity
Give your employees easy and secure access to business resources with single sign-on and multi-factor authentication.
●Customer Identity
Keep customers loyal to your business by delighting customers with easy and secure access to your applications.
DevSecOps:Adopt and secure modern technologies and evolve trust-based customer experiences at the pace of business needs.
Protect third-party software such as vulnerability scanners, RPA, automation tools, and IT management platforms by managing the credentials needed to get the job done. Protect business system information and simplify operations by securely delivering credentials to large-scale proprietary, mission-critical static applications.
In protecting website and mobile application security, traditional web application firewall (WAF) and network layer DDoS protection have almost become standard information security tools for most enterprises. However, with the rapid change of hacker attack methods, such as: application layer DDoS attacks, malicious cyber bots, etc., not only cause a surge in bandwidth costs, but also expose websites and mobile applications to multiple security threats.
Baoyi Information Agency Reblaze comprehensive website and application security solutions, built-in include next-generation web application firewall (WAF), full-scale automatic adjustment of network layer/application layer DDoS attack protection, advanced Bot Management (Bot Management) , real-time traffic monitoring and management and other functions, and provide SDK integration into mobile applications to help enterprises fight various information security threats. With its unique security technology, malicious traffic is effectively blocked before reaching the customer's website and mobile application. The protected website and mobile application can only receive legitimate traffic, greatly improving security and responsiveness. In addition to the problem of bandwidth explosion, it can also reduce the purpose of paralyzing website and mobile application services.
Reblaze can be fully integrated with public cloud service providers (such as AWS, Azure, GCP), and can also be deployed flexibly according to the cloud platform selected by customers. All customers enjoy all-round protection, no additional cost to subscribe to other services, and each customer has a dedicated virtual private cloud (VPC), which effectively eliminates multi-tenancy loopholes and ensures customer privacy, and can also deploy self-built local machines according to customer needs (On-Premise) or hybrid (Hybird) architecture.
Today, enterprises have popularized the development of APIs to connect systems, applications and services, and to promote digital transformation or create new businesses. Although the API is an open programming environment, as long as you follow the established rules, you can exchange and connect data and applications, but if you do not do a good job in security protection, it will also extend the problem of data leakage security.
The general encryption method is through storage encryption or transport layer encryption, but we all know that when the data is encrypted, there will be bottlenecks with extended problems, such as poor machine performance, resulting in reduced operating performance; Enterprises need to purchase additional equipment and increase operating costs. These are the bottlenecks encountered in the encryption process.
Ubiq Security: Simple and Fast API Application Layer Encryption
Baoyi Information Agency Ubiq Security's mission is to simplify encryption, let API become the help of enterprise operation, and will not cost or reduce efficiency due to encryption. Through application layer encryption, the encryption mechanism is directly integrated into each application, which eliminates the complexity of encryption for developers and security teams. In addition to saving developers time and improving overall application security, it is simple and fast, with 2 API Calls and 3 Line of code, developers can easily activate the encryption mechanism within minutes.
The seven steps of API encryption are as follows:
(1) User registers an account
(2) Log in to the UBIQ dashboard
(3) Register the application
(4) Retrieve a set of API keys
(5) Download user database
(6) Add three-stroke code to its app
(7) Start performing encryption and decryption
Internal Banking Fraud Prevention.
Provide a complete website security protection platform, including next-generation web application firewall (WAF), full-scale automatic adjustment blocking/distributed blocking (DoS/DDoS) attack protection, advanced robot management, real-time traffic monitoring management and other functions.
Share the Elemental Data Protection (EDP) security model. A four-step way to protect any data type.
Frauds carried out by bank employees are a huge global problem. In its 2020 Report to the Nations, the Association of Certified Fraud Examiners (ACFE) assessed 2,504 cases of internal fraud from 125 countries, which led to estimated losses of $3.6bn. Banking and Financial Services accounted for the largest share of internal fraud cases examined by the ACFE, with 15.4% of the total.
The A-Z of Internal Banking Fraud highlights the scale of this problem and the different vulnerabilities that internal fraudsters exploit and explains how advanced anti-fraud technologies can combat it. Bank employees are uniquely well placed to discover and take advantage of weaknesses in their organization’s internal controls – perhaps by abusing their level of access to the bank’s IT systems or by targeting dormant accounts.
But FinTech anti-fraud solutions are improving all the time – their ability to identify and block suspicious activity in real time is becoming the first line of defense against the biggest fraud risk in banking.
Discover how NetGuardians' software platform prevents internal banking fraud before it happens.
Leveraging on Big Data and machine learning, the user behavior analysis software analyzes and correlates user activities from all channels, IT layers, and financial transactions across the bank.
CYBERSEC 2023 uses cookies to provide you with the best user experience possible. By continuing to use this site, you agree to the terms in our Privacy Policy .