AccuTech Chooses Arcot - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Government // Cybersecurity

AccuTech Chooses Arcot

AccuTech Systems finds Arcot Systems's RiskFort a bulwark against online fraud and identity theft

SUNNYVALE, Calif. -- AccuTech Systems Corp., a leading provider of comprehensive trust and investment management accounting software, has found RiskFort, the risk-based authentication solution from Arcot Systems, to be an effective tool in protecting its clients against online fraud and identity theft. AccuTech’s clients include trust departments of leading banks, independent trust companies, law firms with wealth management practices, non-profit organizations and governmental agencies.

“These companies need to demonstrate to their customers each day that for every user and every online transaction, the person at the other keyboard is a legitimate customer and not someone out to steal someone’s identity or account data,” said Ray Unger, president and CEO of AccuTech Systems. “RiskFort has been helping us provide that assurance of validity to our customers every time someone accesses their data.”

Unger said AccuTech Systems needed to comply with the Federal Financial Institutions Examination Council’s (FFIEC) guidelines, which call for institutions to implement multi-factor authentication, a requirement of their customers’ auditors. He said AccuTech found out right away that Arcot’s complete solution gives them much more than just FFIEC compliance. “The option of adding new capabilities over time – like more authentication layers and digital signatures – without having to change systems, vendors, platforms or technologies, made our choice of Arcot that much easier.”

Arcot’s RiskFort provides strong protection against online fraud in real time. It gathers data during the login process to focus in on suspicious activity, formulating a risk score based on the customer’s business rules and security protocols. The risk score then determines if the transaction is to be accepted or declined, if a greater degree of authentication is required, or if customer service or network security personnel need to be notified.

Arcot’s future-ready solution can provide other benefits such as enhanced online security and business process improvements with the unique, software-only ArcotID. This secure, easy-to-use access credential provides another factor of authentication security, without changing the familiar username/password login experience of AccuTech’s customers or their end users. It also paves the way to enhance business processes with legally acceptable, non-reputiable digitally-signed documents.

“Meeting various regulatory requirements and warding off threats from sophisticated cyber criminals are two crucial requirements for financial software providers looking to exceed customers’ expectations and maintain their competitive edge,” said Carol Alexander, vice president of marketing at Arcot Systems. “Arcot is pleased to be able to give AccuTech Systems a solution that enables it to create a safer online environment for its customers and comply with the FFIEC guidelines.”

Arcot Systems

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
Slideshows
Flash Poll