Leading Analyst Firm Predicts Trusteer’s Rapport will Become a Primary Mode of Defense against Web Browser Attacks
NEW YORK--(BUSINESS WIRE)--Trusteer, the customer protection company for online businesses, today announced that Frost & Sullivan, a leading global technology research firm, has awarded the company the 2009 European Web Fraud Prevention Product Innovation of the Year Award. Frost & Sullivan recognized Trusteer and its Rapport browser security service for market leading innovation and technological excellence, and predicts that Rapport will emerge as the primary mode of defence against online identify theft and fraud. In related news, Alliance & Leicester, a leading UK bank, today announced that it is offering Rapport to its Internet banking customers as a free download. See: http://www.trusteer.com/company/press/aandl.
“At a time when criminal activity on the web is exploding, the United Kingdom’s Association for Payment Clearing Services reports that losses due to online banking fraud have more than doubled from 2007 to 2008 in the UK alone, Trusteer has developed a powerful yet very transparent solution to protect data in the browser,” said Achyuthanandan Sampath, Research Analyst for Frost & Sullivan. “Trusteer Rapport is capable of defeating browser-based attacks such as phishing, pharming, man-in-the-browser, man-in-the-middle, session hijacking, etc., which protects consumers and their financial service providers from fraud. For this accomplishment, Trusteer has been recognized with the Frost & Sullivan Innovation of the Year Award for 2009.”
The Frost & Sullivan Award for Product Innovation is presented each year to the company that has demonstrated excellence in new products and technologies within its industry. In a companion report to the Award, the firm’s analysts cite Rapport’s unique approach to protecting users against web browser attacks, which have emerged as the preferred vector used by criminals to steal web credentials and account information in order to commit financial fraud. A full copy of the report is available at: http://www.trusteer.com/webform/frost-sullivan-2009.
“We are honored to have received the Frost & Sullivan 2009 European Web Fraud Prevention Product Innovation of the Year Award,” said Mickey Boodaei, CEO of Trusteer. “The frequency, sophistication, and ability of web browser attacks to elude traditional security mechanisms are threatening online banking and other sensitive internet applications. By focusing on protecting the data on a user’s PC, Trusteer is helping banks and other organizations secure the web channel for business. This award validates how important a technology like Rapport is to Internet commerce.”
About Rapport
Rapport from Trusteer is a lightweight browser plug-in plus security service that prevents criminals from tampering with a user’s browser and protects against man-in-the-browser, man-in-the-middle, and phishing attacks. When users browse to sensitive websites such as internet banking, Webmail, or online payment pages, the Rapport plug-in immediately locks down the browser and prevents any unauthorized access to web pages and confidential information that flow through the browser. Rapport is available for download here. Trusteer also offers in-the-cloud reporting services. When unauthorized access attempts are detected by Rapport, these are analyzed by fraud experts who provide actionable intelligence to financial institutions.
About Trusteer
Trusteer enables online businesses to secure communications with their customers over the Internet, and protect personally identifiable information (PII) and transactions from a user's keyboard into the company's Web site. Trusteer's flagship product, Rapport, allows online banks, brokerages, healthcare providers, and retailers to protect their customers from identity theft and financial fraud. Trusteer’s services are used by more than 30 financial institutions in North America and Europe, and by over 3 million users. Trusteer is a privately held corporation led by former executives from Cyota/RSA Security, Imperva, and NetScreen/Juniper. For more information visit www.trusteer.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.