Flare Systems indexes and organizes in structured databases much of the information that is published on the darknet to create actionable intelligence for financial institutions
Given the significant wealth, they control, financial institutions are prime targets for offenders. An underground economy has now developed around the online fraud of financial institutions, and much of its activity is happening on public platforms in the darknet. Organizations can gain a lot of insight about threats targeting them by monitoring those platforms. With the right information at the right time, a security team can limit or even prevent financial losses, downtime in services, tarnished brand image and legal issues. Unfortunately, the scale and diversity of the underground economy make gaining access to that information a tedious task that requires a significant amount of resource to be effective. Flare Systems allows financial institutions to save limited resources from collecting and processing large amount of data to focus instead on generating threat intelligence and executing the best response.
Flare Systems indexes and organizes in structured databases much of the information that is published on the darknet to create actionable intelligence for financial institutions. Its system collects forum posts, chat room discussion, paste sites posts, illicit market ads and vendor profiles, blog posts and more and extract the relevant information from each to speed up the time analysts need to identify and evaluate threats. Flare System’s solution automatically identifies the most significant threats against each of its customers and provides them with a prioritized feed of threats that should be investigated. Instead of providing customers with a feed of millions of data points, Flare Systems helps its customers focus on the most serious threats they and their peers are facing.
Threat intelligence is recognized as a key activity of an effective security team. By relying on actual intelligence of malicious actors thriving in the underground economy, organizations have a proven strategy to efficiently plan their defense, carry out their responses and measure their effective impact. At Flare Systems, we are building the next generation solutions to stop malicious actors from harming financial institutions and their customers.
YOHAN TRÉPANIER MONTPETIT DIRECTOR, DATA & ANALYTICS ,MATHIEU LAVOIE CEO & COFOUNDER and ISRAËL HALLÉ CTO & COFOUNDER