CA rolling out 3-pronged anti-fraud strategy

- Thursday, January 27, 2011

CA rolling out 3-pronged anti-fraud strategy

US software provider CA Technologies (NYSE: CA) is targeting Chilean financial sector prospects with a three-pronged fraud solution sales pitch, the chief technology officer of the company's Arcot division, Jim Reno, told BNamericas.

Strong authentication, mobile banking and security and fraud detection and management are the order of the day, according to the executive.

"These are part of a layered strategy," he said. "Those are a couple of products that Arcot has been providing and that I have been talking to people a lot about here in Chile."

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Linking fraud and security issues to the cloud is also a key component of CA's strategy, Reno said.

"We talk about security to, for and from the cloud. That is being able to secure things where you have data and access going to cloud computing, providing security for cloud services and also providing security as a cloud service. We have a number of initiatives in that space."

Reno made his comments during a weeklong visit to Chile, during which time he met "mostly with banks or banking-related companies, or processors that work with banks."

"Those are often the targets that we look at. People that are doing transaction processing and handling sensitive customer data and customer finances."

"They are seeing the whole internet channel into banking as a growing area for threats and a growing area for fraud," he said. "That happens both because it offers new in-roads into the bank and new opportunities for attackers, and also they [the prospects] are providing increased amounts of services to their customers through those channels."

On the other hand, Reno said he did not meet with retailers that also have banking operations.

The executive added that Brazil may be his next stop in Latin America, but that no date for that trip has been set yet.

Globally, CA saw net profits drop 22.2% year-on-year to US$200mn during its fiscal third quarter, ended December 31. Revenues during the same period crept up 4% to US$1.17bn.

The company recently completed its acquisition of US firm Arcot Systems in a US$200mn all-cash transaction.