Continuous monitoring
Definition
An automated control framework that applies fraud indicator tests to transactions as they are processed or on a frequent scheduled basis, generating alerts when a transaction matches a defined risk rule. Reduces detection lag from months to days.
Related terms
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- The degree to which a security control achieves its intended objective under real operating conditions. Measured through a combination of design review...
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- Key Performance Indicator (KPI)
- A metric that measures how well a specific control or process is performing against a defined target. KPIs are often lagging indicators:...
- Key Risk Indicator (KRI)
- A metric that measures the level or trend of a specific risk exposure. KRIs are often leading indicators: they change before a...
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- A platform that aggregates log and event data from systems, networks, and applications across an environment, correlates events against detection rules, generates...
Explained in these topics
- Data Analytics and Continuous Monitoring in Fraud DetectionAn automated control framework that applies fraud indicator tests to transactions as they are processed or on a frequent scheduled basis, generating alerts whe...
- Security Metrics and Continuous MonitoringAn ongoing, largely automated programme that collects and analyses security-relevant data to provide current awareness of control performance, configuration st...