Rapport Praised for its Ability to Deliver “A Major Boost in Fraud Prevention” for Web Banking and E-Commerce
NEW YORK, October 10, 2008 – Trusteer, the customer protection company for online businesses, today announced that Online Banking Report (OBR), the exclusive monthly report on internet banking products and markets, honored Trusteer Rapport with its exclusive “OBR Best of the Web” award for raising the bar on fraud prevention and easing consumer concerns over online banking privacy. Rapport is profiled in the September 15 issue of OBR which evaluates several new technologies designed to reduce fraud losses and improve customer perceptions of banks’ efforts to improve security.
Quick Installation and Low Impact
OBR also named ING Direct bank as co-winner of the OBR Best of the Web Award for its role in deploying Rapport. Last May, ING Direct partnered with Trusteer to offer Rapport software free to its customers in the United States. Given its success, ING Direct rolled out Rapport to its Canadian customers last month.
According to Jim Bruene, Editor & Founder of Online Banking Report, “Due to its flat-rate pricing, quick installation process and seemingly low impact on computer performance, Rapport is a good candidate for rolling out to your entire customer base, at least for large financial institutions.” Bruene also states, “Clearly, if the Rapport system delivers on its promises, it could be a major boost in fraud prevention and, more importantly, help ease consumer concerns over online banking fraud and privacy.”
Rapport Protects Infected Computers
Trusteer Rapport complements existing desktop security products and strong authentication solutions by taking a new approach – protecting the consumer’s transactions even when their computers may already be infected with malware. Rapport creates a “secure-pipe” within the computer that protects all information flowing between the machine and the destination web site. This “secure pipe” prevents malware from stealing confidential information from the consumer, conducting unintended transactions on the consumer's behalf, or tricking the consumer to enter their private banking or e-commerce credentials into look-alike websites.
“Online Banking Report is one of the most respected publications in the banking industry. We are honored to receive this prestigious award and to share it with ING Direct,” said Mickey Boodaei, CEO of Trusteer. “This award, which follows on the heels of favorable reports by research firms Gartner and Frost & Sullivan, provides further proof that Trusteer’s approach to securing web sessions is ideally suited for sensitive web applications like banking, trading, retail, and healthcare.”
About Trusteer
Trusteer enables online businesses to establish a secure communication tunnel with their customers over the Internet that stretches from user's keyboard into the company's website. Trusteer's flagship product, Rapport, allows online banks, brokerages, and retailers to protect their customers from identity theft and financial fraud. Unlike conventional approaches to Web security, Rapport protects users' confidential information even if their computer is infected with malware including Trojans and keyloggers, or is victimized by pharming, phishing attacks. 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.
Editorial Contact:
Marc Gendron
Marc Gendron PR
(781) 237-0341
marc@mgpr.net