|[February 14, 2013]
SAS® For Enterprise Fraud Management is 'True Power Tool,' Says Independent Research Firm
CARY, N.C. --(Business Wire)--
SAS (News - Alert) was ranked a leader in the recent The
Forrester WaveTM: Enterprise Fraud Management,
Q1 2013 report1. Part of the SAS
Security Intelligence portfolio, SAS for enterprise fraud
management, described by the Forrester (News - Alert) report as a "true power tool,"
scored highest among all eight vendors in both current offerings and
The volume and sophistication of fraud continue to grow. Forrester
estimates "that globally merchants are paying between $200 billion and
$250 billion in fraud losses annually, while banks and financial
services organizations are losing between $12 billion and $15 billion
To fight fraud effectively, organizations must continually improve the
monitoring of customer behavior across multiple accounts and systems
with a technology infrastructure that integrates fraud detection, alert
management, network analysis and case management. SAS, along with
another vendor, was noted by Forrester as providing integrated
compliance and enterprise fraud management as well as enhancing an
organization's business intelligence capabilities.
Forrester noted that "SAS offers significant capabilities in
analytical and statistical modeling, rule editing, and visual link
analytics. The solution's rule writing is customizable and extensible.
SAS has a market presence in the broadest spectrum of verticals."
"Harnessing SAS' core analytic capabilities in the enterprise fraud
platform offers better fraud prevention and return on investment," said
Stu Bradley, Director of Security Intelligence Solutions at SAS.
"Forrester recognizing SAS for having the 'broadest presence in
nonfinancial verticals such as insurance, government and retail'
validates SAS' strategy to leverage cross-industry expertise,
establishing the market-leading best practice in financial crimes
The report praised SAS for "great case management, extensive reporting,
and data analytics based on SAS' own ecosystem." Forrester also touted
SAS for its innovation: "because SAS is not a public company, its free
to innovate, which is evidenced in its data analytics and
mobile-device-based user interface and dashboard and reporting
Bradley continued, "This in-depth research validates our dedication to
technology innovation, led by our fraud and data scientists, which has
resulted in repeatable client success in this continuously evolving
market. In 2012, SAS saw a 22 percent growth in customers
choosing SAS for anti-fraud, compliance and security efforts."
Employing innovative continuous monitoring technology and
high-performance analytics, the SAS Security Intelligence platform helps
customers improve accuracy and guard against losses from fraud and
improper payments, regulatory non-compliance, and threats to public
security. Learn more about SAS
1. Forrester Research (News - Alert), Inc. The Forrester Wave:
Enterprise Fraud Management, Q12013, Andras Cser with Stephanie
Balaouras and Elizabeth Langer.
SAS is the leader in business
analytics software and services, and the largest independent vendor
in the business intelligence market. Through innovative solutions, SAS
helps customers at more than 60,000 sites improve performance and
deliver value by making better decisions faster. Since 1976 SAS has been
giving customers around the world THE POWER TO KNOW®. SAS
and all other SAS Institute Inc. product or service names are registered
trademarks or trademarks of SAS Institute Inc. in the USA and other
countries. ® indicates USA registration. Other brand and product names
are trademarks of their respective companies. Copyright © 2013 SAS
Institute Inc. All rights reserved.
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