SAS announces fraud and security intelligence division


DENVER – SAS Institute is not any stranger to fraud, and after a few years of enjoy within the house, the corporate is making a devoted fraud department referred to as the fraud and safety intelligence department.

The brand new SAS department will focal point at the corporate’s fraud and cybersecurity portfolio. The department might be aligning 400 workers in 25 international locations throughout a large number of groups for a extra arranged way. The brand new department may also align with SAS’ chance and Web of Issues divisions, and it’ll deliver SAS instrument builders and tech pros in combination from throughout fraud, compliance, and safety domain names.

As for why now, Stu Bradley, VP of Fraud and Safety Intelligence, informed press on the corporate’s annual International Discussion board convention that it made sense taking into consideration SAS’ enjoy within the space.

“We’re construction upon one thing this is already in reality a success. [Fraud] has been certainly one of our quickest rising portfolios within the remaining 10 years,” he mentioned.

Bradley might be main the brand new SAS department. He has nearly 20 years value of enjoy combating fraud and abuse, and he was once maximum not too long ago SAS’s vice chairman of cybersecurity answers. He has been with SAS for 9 years.

The advent of this new department, just like the advent of the IoT department in overdue 2017, is available in section because of the point of interest on group from SAS leader era officer, and as of January 2018, additionally the corporate’s leader working officer, Oliver Schabenberger.

When talking to Canadian media, he described the fraud department in a identical method to the IoT department – as in it’s one thing the corporate hasn’t completed sooner than organizationally, however a shift in alignment that makes numerous sense to him. And whilst this is a new way, Schabenberger appears at this alignment as a perfect expansion alternative.

“Virtual transformation raises questions on fraud and safety intelligence all over,” he mentioned, referencing the numerous SAS answers reminiscent of anti-money laundering. “And now we’re construction new fraud answers, and there’s unbelievable alternative for us to focal point internally, to align round gross sales, supply, product choices, and to additionally push, for instance, into regulation enforcement. We see nice alternatives in accordance with the platform we have now.”

As for SAS companions, David Septoff, CEO of Zencos, a U.S.-based company with a rising Canadian presence, informed Canadian media that this kind of transfer validates the best way his personal industry is transferring.

“While you take into consideration numerous the best way the industry international is, when other people listen about AMI and fraud, they instantly suppose monetary products and services. Smartly no, it in reality cuts throughout all varieties of verticals,” Septoff defined. “From our standpoint, the point of interest of SAS on this space permits us to be confident that they more or less investments that we’re making on this space are the best investments, and it provides us other people to group up with to discuss the varieties of answers that we might put ahead.”

In Canada, SAS Canada president Cameron Dow, sees an actual alternative round fraud and fiscal crimes. He defined that during Canada, SAS has historically had numerous good fortune in anti-money laundering and that there appears to be a willingness for public sector entities to care for fraud or tax evasion.

“From a rustic standpoint, [putting everything under one roof] makes it so much more straightforward to interact the sources as a result of they’re now not allotted throughout a couple of teams inside SAS. The second one factor is accelerating a few of our building, particularly on our new Viya platform. They’re including sources, it’s now not only a reorganization beneath one group. They’re in fact including vital recourses, which is just right for us and just right for the Canadian marketplace. The call for is expanding so we want to display improve,” Dow mentioned.

To that finish, SAS plans so as to add every other 100 workers to the fraud and safety intelligence department over the following 3 years, with 50 of the ones new positions anticipated by means of the top of 2018.

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Updated: April 11, 2018 — 10:12 pm
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