Fast and Easy Tool for Spotting ID Theft14 September 2005
Companies looking to quickly spot and respond to the tell-tale signs of identity theft got help from AptSoft Corporation today. A pioneer in a new technology category known as complex event processing (CEP), AptSoft announced availability of a free, downloadable trial version of its AptSoft Director(TM) Series software which includes a tutorial on quickly creating a functioning fraud detection application. Users can download the software by clicking on the "trial" button at http://www.aptsoft.com.
Lost or stolen, hacked or skimmed, personal data theft is a growing problem. The Federal Trade Commission says 3.2 million citizens are ID theft victims annually -- one every 10 seconds. Businesses at risk of financial exposure due to exploitation of stolen data are recognizing the need to spot significant fraud activities early and thwart perpetrators. This downloadable trial edition of AptSoft Director gives these companies a risk-and-cost-free way to experience how complex event processing can mitigate the exploitation of fraudulent data before it escalates to a costly, damaging conclusion.
While traditional fraud detection systems focus on suspicious transaction activity, AptSoft Director Series software can track and detect patterns of transactional and non-transactional events -- even missing events -- across time and any number of systems via its CEP technology. This enables companies to detect behavior patterns associated with the early stages of data theft, such as a new credit card account being opened or an address being changed followed by a lost card being reported in order to have a replacement issued to the new address. Further, AptSoft's Director can automate a response to suspicious patterns that can disrupt data misuse before it results in a rash of costly fraudulent transactions. The tutorial provided with the trial download version walks a user through the creation of a sample application involving the detection of identity theft. Building the application provides hands-on experience using many of the Director features that are valuable in creating other real-world CEP applications.
"While ID theft is increasingly common, early detection and prevention tools are harder to come by," noted Steve Lyons, AptSoft vice president of engineering. "This free trial version is a great, no-risk way for companies to experience the power and ease of use that complex events processing can put at their command to quickly contain the fallout from data fraud."
About AptSoft Corporation AptSoft Corporation, based in Burlington, Mass., is an enterprise software company focused on aligning a company's existing systems with unpredictable, dynamic, closed-loop processes like those found in Fraud, Compliance, and Cross-sell applications. To automate these types of processes AptSoft's complex event processing technology platform is twice as collaborative between IT and business process owners, three times as cost-effective, five times faster, and 10 times more flexible than custom application development. For more information, visit the company's Web site at http://www.aptsoft.com.
Contacts: David Cameron Ed Marshall AptSoft Corporation Beaupre & Co. Public Relations, Inc. 781-270-4900 ext. 102 603-559-5816 david.cameron@aptsoft.com emarshall@beaupre.com
Source: PR Newswire
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