Oversight Technologies.

• Position: Fighting Fraud - Monitoring system - Brief Article

Oversight Technologies has launched what it says is the "first continuous transaction incident monitoring system to tackle the threats from authorized users performing unauthorized transactions." The Atlanta company's patentpending system monitors enterprise financial systems to detect, prevent and deter financial loss from systems-based fraud, misuse and errors.

The Oversight system provides enterprises with independent, real-time insights into the integrity of individual financial transactions against corporate policies and procedures. Oversight employs a variety of automated data monitoring and collection techniques across multiple business systems to detect inappropriate and suspicious activities that indicate errors, control overrides or fraud.

"While IT security has traditionally focused on securing the perimeter against outside threats, Oversight Technologies addresses the much larger need to secure financial systems from 'business hackers' or authorized users who employ their knowledge of business systems to perform...