Corillian, NameProtect Collaborate to Prevent Identity Theft and Fraud; Combination of Security Products Offers Organizations Unique Online Fraud Prevention Solution.PORTLAND, Ore. & MADISON, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. . -- Corillian Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CORI), the market leader of online banking and anti-fraud solutions for leading financial institutions, and NameProtect Inc., a leading provider of online security and brand management solutions, today announced a strategic partnership in an effort to more effectively prevent phishing Pronounced "fishing," it is a scam to steal valuable information such as credit card and social security numbers, user IDs and passwords. Also known as "brand spoofing," an official-looking e-mail is sent to potential victims pretending to be from their ISP, bank or retail establishment. and other fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. attacks against financial institutions and e-commerce Web sites. Corillian and NameProtect will jointly sell and market the Corillian Fraud Detection System with NameProtect's cutting-edge anti-fraud solution, NameProtection(TM). The combination of these industry-leading solutions will enable financial institutions and e-commerce organizations to more efficiently monitor the online channel and thwart phishing and other online fraudulent activities, increase consumer confidence in the preservation of online user identities, and protect the online assets and reputation of the organization. Currently, more than 30 financial institutions have selected the Corillian Fraud Detection System to help them proactively detect, investigate and respond to phishing and other forms of online fraud attacks. Working in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with NameProtect's anti-fraud solution, a top 10 financial institution recently saw a greater than 90 percent reduction in phishing incidents, virtually eliminating the successful phishing attacks related to its online banking service in as little as 30 days. "NameProtect's ability to combat online fraud and identity theft in combination with Corillian's Fraud Detection System provides an industry solution that delivers a comprehensive approach to protecting the online channel from misuse and abuse," said Jim Maloney Key features and benefits of the joint Corillian Fraud Detection System and NameProtection solution include: --Phishing protection: Proactive detection, investigation and response to phishing activity combined with brand-specific protection for your organization to cut the high labor cost of preventing fraudulent activity --Domain/Pharming protection: All new and existing domains are scanned to protect the organization from being hijacked or phished using variations of domain names --Site deactivation de·ac·ti·vate tr.v. de·ac·ti·vat·ed, de·ac·ti·vat·ing, de·ac·ti·vates 1. To render inactive or ineffective. 2. To inhibit, block, or disrupt the action of (an enzyme or other biological agent). 3. : Real-time exclusion and de-activation services to take down active phishing sites --Web-based informational portal: Access to NameProtection's Web portal See portal. with industry-leading work flow for status information, violation tracking, and an identity theft bulletin focusing on online fraud and identity theft trends, responses and programs "NameProtect and Corillian have been effective against phishing and other fraud attacks as stand-alone products for Internet-based companies or financial institutions," said Kevin Omiliak, vice president of sales and marketing for NameProtect. "With the end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. we have created through this partnership, all institutions can easily integrate a highly secure, enterprise-level phishing and fraud protection solution to protect themselves and their customers from online fraud. We're very pleased to join Corillian in offering such a comprehensive solution." The Corillian Fraud Detection System is a patent-pending Web log analysis tool and methodology that provides organizations with an innovative way to proactively analyze, and act on, potential phishing and electronic fraud threats. Unlike other available anti-phishing products that wait to work until a phishing attack is launched, the Corillian Fraud Detection System uses the technique of Preemptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. Forensics See computer forensics. (TM) to identify phishing and other types of fraudulent behaviors before they turn into full-fledged attacks. NameProtect's NameProtection service scans A service scan identifies the services running on a list of open ports. This is closely tied to port scanning and some tools (e.g. nmap, nessus) support both. A service scan is preferable to referring to a port list, as it can identify services running on non-standard ports, which on a 24x7 basis a broad range of online content--including domain names, web pages and unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective e-mail--to identify potential fraudulent web sites and attacks for clients and provide them with daily, continuous alerts of such attacks through an online web interface and workflow tool. This full service program offers organizations a comprehensive, yet easily affordable anti-phishing and anti-fraud solution. About Corillian Corporation Corillian is the market leader in online banking solutions for leading financial institutions. Empowered with Corillian solutions, some of the world's most visionary financial institutions provide their customers with the tools to manage their finances more effectively. Corillian's solutions are unmatched in reliability and performance and successfully scale at some of the world's largest financial institutions. Corillian's proven solutions enable financial institutions to deliver innovative services enterprise-wide, across multiple delivery channels and multiple lines of business. The Corillian Voyager platform provides secure and scalable account access and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. for a wide variety of applications built by Corillian's expert software developers, by Corillian-certified partners and by the in-house development organizations of some of the world's best financial institutions. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com. About NameProtect NameProtect(R) is a Digital Brand Protection company that provides online fraud detection and Internet monitoring Analyzing traffic on the Internet. Monitoring is performed to determine packet volume for network configuration as well as to find out how employees are spending their time on the Internet. This is the first step in determining whether or not filtering should be added to the network. to leading corporations worldwide. Leveraging its advanced Internet crawling and indexing technology, the NameProtection (www.NameProtection.net) anti-fraud product delivers critical online information for the protection of brand assets, the detection of phishing attacks and online fraud. Additional information about NameProtect can be found at www.NameProtect.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion