Autonomys Aungate Division Launches Worlds First Anti-Phishing Solution

Tuesday 9 November 2004 10:06 CET | News

Autonomys Aungate division, has launched an anti-phishing module for its compliance solution. The new Phishing Detection Module will be used by banks and other financial services institutions to detect and prevent malicious attempts to defraud customers using online banking services.

The Aungate Phishing Detection Module detects phishing attempts by monitoring text, picture and broadcast content, automatically understanding the content and cross-referencing a range of Internet sources in order to alert the enterprise in real-time of fraudulent attempts to extort money. Aungates existing spam solution has proven its ability to deal with the problem of spam effectively; the new module adds automatic phishing detection to this core feature set. Phishing is increasingly used to prey on vulnerable computer users who use online banking facilities and extort their money. These scams come in a variety of forms and are evolving regularly, such as e-mails that provide a link to a fraudulent sites, inviting the recipient to enter personal details. It also poses a serious risk to large financial institutions by seriously compromising the credibility of their security precautions. According to Butler Group, the incidence of phishing attacks has grown by 4,000% since last year. Due to collaboration between hackers and organised crime attacks are becoming much more sophisticated. This means it has become far more difficult for everyday computer users to distinguish between the Web site of their own bank, and something that has been put together by a phishing attacker. The Phishing Detection Module builds on Aungates core technology - the Autonomy Intelligent Data Operating Layer (IDOL) - which enables organizations to monitor a wide range of digital sources in real-time and form an understanding of their content in order to alert genuine enterprise to potentially devastating phishing attacks.

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Categories: Payments & Commerce | Payments General
Countries: World
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