Trusteer Adds Cloud Phishing Shield

• By theWHIR.com , July 24, 2008

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By David Hamilton, theWHIR.com

July 24, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Online security company Trusteer (trusteer.com) has announced that its financial malware prevention solution Rapport has been enhanced with real-time, cloud-based phishing protection that reduces fraud and asset theft if account data is stolen.

According to Trusteer's announcement Thursday, the new service alerts online businesses when customers access a malicious website so the account can be suspended and assets protected. Attempts to acquire sensitive data such as usernames, passwords and credit card numbers by appearing to be a trustworthy entity, known as phishing scams, are becoming more sophisticated as commonplace phishing filters block access to malicious websites, forcing criminals to gather intelligence on their victims and launch very targeted and convincing attacks.

"Trusteer's mission is to continually enhance Rapport to make it extremely difficult for attackers to compromise users' confidential information and defraud service providers," Trusteer CEO Mickey Boodaei said in a statement. "This new cloud-based service provides timely alerts that allow financial institutions, and other online businesses, to protect customer accounts against attacks that bypass anti-phishing filters as well as operator error by the end-user."

The updated version of Rapport is available immediately from Trusteer starting at $50,000.

Discount brokerage firm Muriel Siebert currently uses Rapport. "My firm is providing our customers with enhanced internet security capabilities," said founder, CEO and president Muriel Siebert. "We believe that the new Trusteer anti-phishing service will create a valuable additional layer of protection for us and our account holders."

Protecting customers from Internet fraud is emerging as a key concern for financial institutions and other online businesses. Earlier in the week, internet intelligence firm Envisional (envisional.com) warned online banking customers about a Vegas-themed, fraudulent email scheme that tricks them into sending credit card information.

A hot issue for debate on both sides of the Atlantic, Kayla Fleming blogged about US anti-phishing legislation in February. Earlier in July, the UK House of Lords committee on science and technology urged the government to make banks, not customers, legally responsible for internet fraud. According to the committee's report, banks can deny liability for password and PIN fraud, claiming customer negligence or even complicity in the fraud.

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