September 24, 2004 — (WEB HOST INDUSTRY REVIEW) — Goodmail Systems ( goodmail.com), developer of the email stamping solution Trusted-Class Email, announced on Wednesday that it had added Anti-Fraud Domain Accreditation to its Trusted-Class Email platform, in order to prevents the use of misleading domains for phishing attacks.
In the past year, 57 million US adults have received phishing emails and more than 1.4 million have fallen victim to identify theft as a result of these fraudulent emails, according to research firm Gartner. Finanacial institutions suffered an estimated $1.2 billion in direct losses this year over phishing-related fraud. The Anti-Phishing Working Group reported a 40 percent increase in phishing attacks between June and July 2004 and that 5 percent of consumers were victims of such attacks.
The Trusted-Class Email stamp digitally signs messages by secure cryptographic means and is unique to the sender, recipient, and message, ensuring that stamps cannot be successfully copied, forged, stolen or spoofed. A valid stamped message is always from an authenticated and accredited Trusted-Class Email sender. As a result, recipients quickly learn that a stamped message is from a trusted source and is safe to open.
