SAS sets up new division to help firms deal with frauds
Denver: Data analytics major SAS has created a new division to help organisations fight frauds and cyber crimes with the help of artificial intelligence and advanced analytics, according to company officials.
The setting up of the new division also comes at a time when there are rising concerns over data security, especially with the controversy over data breach of millions of Facebook users. "To help organisations better detect and combat the ever-present threat of fraudsters and hackers, we have created a new global fraud and security intelligence division," the company's co-founder and chief executive Jim Goodnight said.
He made the announcement at the ongoing four-day SAS Global Forum 2018 here in the United States. Over 30,000 business and IT users of SAS software on-site and online are participating in the conference.
The new division would be headed by Stu Bradley as Vice President. Bradley said the division would further focus and sharpen the company's fraud and cyber security portfolio. More than 400 employees in 25 countries across the Americas, Europe and Asia would be realigned to support this new division, he added.