A Business Case for CEP
Ever wondered why you need CEP:
Traditional tool at t+30 minutes: Here’s a report that hereby notifies you that you just lost $9M.
CEP Tool at t+1 minutes: I just detected a situation which is an indication of ongoing fraud.
"Over 130 different ATM machines in 49 cities worldwide were accessed in a 30-minute period on November 8," Agents Rice said. "So you can get an idea of the number of people involved in this and the scope of the operation."
Here is the amazing part: With these cashers ready to do their dirty work around the world, the hacker somehow had the ability to lift those limits we all have on our ATM cards. For example, I’m only allowed to take out $500 a day, but the cashers were able to cash once, twice, three times over and over again. When it was all over, they only used 100 cards but they ripped off $9 million." – from here
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