Australian Financial Crimes Exchange
Sharing cybercrime data among Australian financial institutions.
The Australian Financial Crimes Exchange (AFCX) is uniquely positioned as a centralised & trusted portal for Australian banks and government agencies to share information on cyber crime events. Sharing data of this type allows identification of trends not obvious within just one organisation.
The AFCX play a critical role in helping its members identify and fight cyber crime in Australia.
The AFCX data exchange platform is most actively used by Australia’s larger financial institutions, however, there is a growing demand for access from smaller providers of financial services such as credit unions, community banks and industry specific credit providers.
To meet this growing need, AFCX have developed and launched their “AFCX IQ” platform. The platform shares highly sensitive data about financial and cybercrime to approved members, so must be highly secure and meet stringent compliance requirements.
We worked closely with the team at AFCX to design the IQ platform and development was undertaken using an Agile methodology.
We used the following techniques to meet the security requirements of the project:
Our work passed penetration testing with ease and the platform has been released. We’re happy to report strong interest from the smaller financial institutions that the IQ platform was built to serve.
Interestingly, larger financial institutions, who already have access to the underlying data, are also keen to use the platform because the new IQ search interface makes identifying potential Cyber Crime & Financial fraud easier than ever.
We’re really proud of AFCX IQ. The platform is fast, secure & easy to use.
Alliance brought lots of great ideas & actively managed the build from start to finish – excellent development firm.
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