VeriSign Fraud Detection Service Unleashed

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VeriSign, Inc., a provider of infrastructure services for the Internet and telecommunications networks, today announced the VeriSign Fraud Detection Service, a new solution that forms part of VeriSign's overall layered authentication solution targeted at preventing online identity theft.

The VeriSign Fraud Detection Service will complement VeriSign's existing authentication offerings to help banks achieve FFIEC compliance by authenticating consumers based on behavioral patterns. It takes a self-learning approach to fraud detection, adapting to customer usage habits unique to that individual. Using pattern recognition technology, it flags fraudulent activities based on known types of fraud and behaviors not associated with the user. The VeriSign Fraud Detection Service is available for Beta testing, with general availability expected within the next 60 days.

VeriSign has also reached a definitive agreement to acquire Snapcentric, Inc., a provider of online -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --