CARY, N.C. — Covelight Systems is rolling out a new version of its online fraud detection software.

The 3.0 release of Precept includes identity-based fraud detection, analytics, forensics and reporting that is delivered in real-time. It is designed to operate without interfering with other application performance.

“Percept is already protecting online banking and brokerage applications at numerous financial institutions representing a combined $1.5 trillion in assets,” said Spencer Snedecor, Covelight’s chief executive officer. “This latest version will continue delivering value to our customers and strengthens Covelight’s technology leadership position in online fraud management.”