Intelligent CISO Issue 55 - Page 13

Property giant RioCan defends huge development in downtown Toronto with Darktrace AI
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Experian Fraud Score aims to boost fraud prevention in the UK
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news

Property giant RioCan defends huge development in downtown Toronto with Darktrace AI

arktrace , a global leader in cybersecurity Artificial

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Intelligence , has announced that RioCan , one of
Canada ’ s largest real estate investment trusts , has selected Darktrace to defend ‘ The Well ’, Canada ’ s most ambitious multi-use real estate project .
Set to open in 2023 , The Well will host approximately 11,000 people daily . Located in downtown Toronto , this expansive development will comprise more than 200 retail , commercial and residential spaces across 7.7 acres of land .
RioCan selected Darktrace ’ s DETECT and RESPOND technologies in 2021 to defend network and cloud infrastructure across its commercial office spaces and retail property investments . The property investor is now deploying Darktrace ’ s AI to defend this 3 million square foot project in Toronto from sophisticated and disruptive cyberthreats .
As cybercrime proliferates , attackers continue to target real estate organisations both to exfiltrate confidential data , including the financial information of property buyers and sellers and to disrupt operations and demand hefty ransoms from investors and agents . With AI-powered defences , RioCan is able to protect its IT estate as well as its operational technology , including elevators , thermostats and appliances .
“ Central to the success of The Well is a world-class tenant experience ,” said George Ho , Vice President of Informational Technology at RioCan . “ The best thing about Darktrace ’ s AI is that it learns every detail of both our information and Operational Technology so that we can minimise any disruptions to our normal business operations in the event of a cybersecurity incident . That is the future of security .”

Experian Fraud Score aims to boost fraud prevention in the UK

xperian has announced the launch of Experian Fraud

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Score , a next-generation fraud prevention solution which will help businesses of all shapes and sizes to detect fraud at the point of application , transaction and throughout the customer life cycle .
The service is independent of any data consortium membership , allowing organisations to have access to an advanced fraud prevention score ‘ out-of-the-box ’.
Experian technology helped prevent £ 1.8 billion in fraudulent transactions in the UK during last 12 months alone . It has just been named as the leading global provider of online payment fraud solutions by Juniper Research ( Online Payment Fraud report 2022 , Juniper Research ).
By harnessing the insights from billions of credit applications and application data points , alongside confirmed fraud application data , the launch of Experian Fraud Score marks a new era in fraud prevention technology , widening access to this cutting-edge technology in the market .
Developed using Machine Learning capabilities , front-line data analytics and proprietary bureau and fraud outcome data , Experian Fraud Score deploys a probability scoring system from one to 1,000 – with a low score signifying a lower risk – to help businesses better understand the fraud risk of each new and existing customer interactions .
“ Machine Learning is the foundation on which new fraud prevention systems are being built and thanks to Experian Fraud Score , new and emerging businesses – as well as established ones – can leverage the benefits ,” said Eduardo Castro , Managing Director , Identity and Fraud , Experian UK & I . u www . intelligentciso . com
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