Silver Tail Systems Updates Fraud Prevention Platform

Silver Tail Systems, a provider of web session intelligence and behavioral analytics for fraud and cybercrime detection, today announced the launch of Silver Tail Systems Forensics 3.0, the latest version of its flagship platform.

Described by the company as its biggest software release to date, the latest offering increases visibility into web sessions and mobile traffic, extends security intelligence on user behavior, and brings improved reporting capabilities.

“As ecommerce and mobile payments continue to grow in popularity, the security of the payment experience will be an ongoing focus for merchants and consumers who want to pay for the things that matter to them via these channels,” says Ed Olebe, Group who heads MasterCard’s PayPass Wallet Services. “The insight and analysis that the Silver Tail product provides is a key way to enhance the experience for merchants and consumers alike.”

The company says Forensics 3.0 provides deep visibility into mobile application traffic correlated with core website and mobile web sessions, providing the analytics and information needed to rapidly identify and address the threats facing today’s web-enabled platforms.

“To protect their businesses, organizations need to fundamentally understand the differences between legitimate and criminal behavior on the web. This requirement applies to both fixed and mobile traffic,” said Nick Edwards, VP of Marketing at Silver Tail Systems.

To help fraud and security teams detect and defend against threats as quickly as possible, Silver Tail has introduced StreamView, an interface that provides a single view of web sessions and user behavior, that includes “Clickstream Markers” that come from analyzing user clickstreams and provide an automated intelligence layer to help with investigations. When analyzing user behavior, Silver Tail says, customers will see highlighted clues that indicate behavioral anomalies such as geographic irregularities in the user behavior, changes in the user-agent from click to click and more.

Backers of the Menlo Park, California-based company include In-Q-Tel (IQT), the not-for-profit venture capital arm of the CIA, prominent VC firm Andreessen Horowitz, Citi Ventures and others. In June 2011, the company announced a $20 million Series B round of funding which has helped the company expand product development and continue on its growth path.