RSA Security has outsourced its fraud and risk intelligence business into a standalone company called Outseer, which will double its payment security tools in the face of an “unprecedented” increase in fraudulent transactions.

Led by CEO Reed Taussig, who was appointed head of RSA’s anti-fraud business last year after previously serving as CEO of ThreatMetrix, the new company will focus solely on fraud detection and management and payment authentication services.

Outseer will continue to operate under the RSA umbrella, inheriting three core services from the company that are already used by more than 6,000 financial institutions: Outseer Fraud Manager (formerly RSA Adaptive Authentication), a risk-based account monitoring service; 3-D Secure (formerly Adaptive Authentication for eCommerce), a card service for non-existent and digital payment authentication; and FraudAction, the phishing sites, shady apps and fraudulent …



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