SOURCE: Attachmate Corporation

Attachmate Corporation

June 28, 2011 08:00 ET

Ferret Out Fraud and Simplify Compliance Audits With Attachmate Luminet 4.2

New FIPS Module and Fraud Dashboard Enhancements in the Investigation Center Help Organizations Protect Privacy, Achieve Compliance and Reduce Insider Threats

SEATTLE, WA--(Marketwire - Jun 28, 2011) - Attachmate Corporation today announced the availability of Attachmate® Luminet™ 4.2, a leading enterprise fraud management solution that helps thwart insider fraud and abuse. Luminet's ability to reveal user activity across enterprise applications and score risk in real-time to flag questionable activity patterns helps transform data into actionable intelligence. The latest Luminet version offers the option of a new Federal Information Processing Standard (FIPS) 140-2 validated cryptographic module to conform to certain federal government requirements. Additional product enhancements include improvements to the Investigation Center, Case Manager as well as the dashboard and fraud analytics features, to help organizations protect the privacy of mission-critical data, simplify the audit process and achieve regulatory compliance.

With the increase of breach activity, including the recent Epsilon breach, enterprise data is at greater risk than ever before. A heightened need to protect privacy and prevent internal threats to data has led to a rapidly growing enterprise fraud management (EFM) market. However, many of the solutions available today focus on first generation techniques for protecting or aggregating data at a high level and not at the application layer where the data is at greatest risk. With this traditional approach, organizations are often forced to address threats reactively, long after a breach has occurred. Luminet's next-generation approach helps to identify risks and activities early in the fraud cycle, helping organizations address threats before they even occur. Luminet 4.2 also enhances audit preparation and compliance efforts.

"The enterprise fraud and misuse management market continues to grow as it yields substantial financial benefits for multiple sectors. We estimate this market will grow at least 15 percent in 2011," said Avivah Litan, vice president and distinguished analyst for Gartner(1). "EFM technology saves users money by enabling operational efficiencies and stopping fraud and misuse that occur across multiple channels, accounts or products. This allows organizations to break down the walls of siloed fraud prevention operations so that they can look for fraud and misuse at aggregate levels, such as at the customer level, rather than just at an account or transaction level."

Gartner's recently released MarketScope report titled "MarketScope for Enterprise Fraud and Misuse Management" outlines the current EFM landscape, primary drivers for adoption and an overview of the key solutions available today. Copies are available via the following link: http://www.attachmate.com/info/Gartner-EFM/bridge-pr.htm

While most organizations invest in robust security technologies to protect themselves from external attacks, many still struggle to address more challenging threats from within. As insider fraud becomes increasingly sophisticated and industry and government regulations more demanding, organizations need help protecting sensitive data and identifying actionable evidence of employee abuse. To address these needs, Luminet focuses on three areas:

  • Helps stop enterprise fraud and misuse
    Trusted employees commit more privacy violations than anyone else. Sometimes it is intentional; sometimes it is not. With Luminet, organizations can quickly tell the difference.
  • Meets compliance regulations
    With Luminet, organizations can more effectively meet the requirements of regulations such as PCI DSS, Sarbanes-Oxley Act, Gramm-Leach-Bliley, HIPAA, FISMA and Basel II -- without changing a single line of code.
  • Simplifies audit activities
    No more slogging through cryptic, incomplete log files. Luminet records user activity in real time -- screen by screen, keystroke by keystroke -- creating an accurate audit trail across multiple back-end systems with no impact on performance.

"Internal fraud instigated by employees within organizations in vertical markets such as financial institutions, government and health care continues to be a major challenge costing companies billions of dollars," said Tom Bice, director of product marketing and management for Attachmate. "In addition to ensuring enterprises are audit-ready and in accordance with key compliance regulations, Luminet 4.2 provides a powerful solution to give organizations 100 percent visibility into data and user activity to take the guesswork out of application monitoring, providing the critical intelligence needed to take informed action."

Key Features

The features and functionality of Luminet 4.2 include:

  • Enhanced Investigation Center and Case Manager provides a simple interface to review, document and track actions.
  • Automated Escalations and alerting for a more rapid response to potential fraud.
  • User Activity Scoring feature to help eliminate false positives.
  • Improved Custom Reporting and off-hours scheduling help support investigations, audits and compliance efforts.
  • Optional FIPS 140-2 Validated Cryptographic Module delivers enhanced cryptographic capabilities to ensure organizations are FIPS compliant.

Luminet 4.2 is available immediately for purchase. For more information on pricing please contact sales@attachmate.com.

To learn more about Attachmate Luminet 4.2 visit:
http://www.attachmate.com/Products/efm/luminet/luminet.htm

About Attachmate
Attachmate delivers advanced software for terminal emulation, legacy modernization, managed file transfer and enterprise fraud management. With our technologies, more than 65,000 businesses worldwide are putting their IT assets to work in new and meaningful ways. For more information please visit www.attachmate.com.

Copyright © 2011 Attachmate Corporation. All Rights Reserved. Attachmate, Luminet and the Attachmate logo are trademarks or registered trademark of Attachmate Corporation, in the USA. All other trademarks, trade names, or company names referenced herein are used for identification only and are the property of their respective owners.

(1) Gartner data taken from its "MarketScope for Enterprise Fraud and Misuse" report published in January 2011.

Contact Information

  • For additional information, contact:
    Colleen Moffitt
    Email Contact
    (206) 282-4923 ext. 113