Panda Security Uses 'Collective Intelligence' to Stop Online Fraudsters in Their...

Panda Security Uses 'Collective Intelligence' to Stop Online Fraudsters in
Their Tracks With Availability of Panda Security for Internet Transactions
First Solution to Leverage Knowledge From the Community for Malware Detection;
Provide Maximum Protection While Minimizing Resource Consumption

GLENDALE, Calif., Jan. 22 /PRNewswire/ -- Panda Security
(http://www.pandasecurity.com/), a leading global provider of IT security
solutions, today announced the general availability of Panda Security for
Internet Transactions, an anti-fraud security service that protects banks and
online merchants against active malware targeting business to consumer as well
as business to business transactions. Designed in direct response to growing
concerns in the market regarding the safety of online transactions, Panda
Security for Internet Transactions is the first to use intelligence from
within "the cloud" with a unique Targeted Attack Alert Service (TAAS) to
protect against financial fraud associated with identity theft Trojans.
Bankinter, a leading commercial bank in Spain, is using Panda Security for
Internet Transactions to safeguard itself and its customers against financial
fraud. According to Jesus Milan, IT Security Manager for Bankinter, "We are
acutely aware of the constant evolution of traditional threats that affect
online transaction security and of professional tools being used for fraud.
Having preventive tools and services that provide a layer of security where it
is most needed is without a doubt a line that we are obliged to follow as a
leading financial services entity."
Unlike other solutions on the market that only address authentication,
Panda Security for Internet Transactions provides specialized protection
against active threats on a user's PC designed for financial fraud. This
latest breed of malware affects financial institutions, online merchants and
consumers silently via Trojans that capture confidential information like pin
numbers and apply it to illegal activities, such as credit card scams,
fraudulent ATM transactions, among others. Panda Security combats these
dangerous Trojans by quickly scanning online consumers' PCs for threats and
then automatically protecting companies against financial harm based on their
preferred, customizable response options. Since the transparent scan takes
only five seconds, consumers can continue using the Internet without
interruption.
According to research firm Gartner, Inc., "Even the best signature
databases can miss the wild threats two to 10 percent of the time, and most
have less than a 50 percent chance of catching completely new threats.
Signatures are extremely ineffective against targeted threats and 'zero day'
threats." (1)
Panda Security for Internet Transactions utilizes Collective Intelligence,
a proprietary method of predicting and preventing targeted attacks by
associating malware detections and behavioral patterns within "the cloud,"
rather than using a large signature file to identify threats locally. This
approach maximizes malware detection capabilities while minimizing the
resource and bandwidth consumption of protected systems. Because the bulk of
analysis and computation is done remotely at PandaLabs, there is no need for a
lot of memory or large signature file downloads every time the user wishes to
initiate a scan.
Panda Security for Internet Transactions offers several significant
features and benefits:
-- Collective Intelligence -- New security model deploys technologies
within "the cloud" to automate and enhance the malware collection,
classification and remediation involved with a standard cycle
-- No Resident Signatures -- Anti-malware protection with an ultra-light
"antivirus" (200 KB)
-- Unmatched Speed -- Ultra-fast (five seconds) protection against malware
designed for committing financial fraud
-- Targeted Attack Alerts -- Forensic reports to companies hit by a
targeted attack for more immediate action
-- Fully Configurable -- Allows companies to customize what to detect and
how to act

"The speed and transparency of this new business solution will be key
elements to its success. If it becomes too cumbersome, banks would prefer the
losses from fraud over troubling their customers with an awkward process,"
said Gary Leibowitz, general manager, Panda Security USA. "Collective
Intelligence is at the core of these benefits and will continue to serve as
the backbone for all Panda Security products in the future, enabling maximum
protection with limited resource consumption."
Released at the beginning of 2007, Collective Intelligence lies at the
core of all of Panda Security's latest services, including NanoScan
(http://www.nanoscan.com/)/TotalScan (http://www.nanoscan.com/as/index/), an
online scanner that detects active malware on PCs in less than one minute; and
Panda Security for Business
(http://www.pandasecurity.com/usa/about/corporate-news/new-32.htm) with
Malware Radar (http://www.malwareradar.com/), a multi-layered malware
protection solution for businesses. Panda Security for Internet Transactions
also uses Panda Security's industry-first Targeted Attack Alert Service
(TAAS), an anti-fraud intelligence service that provides preemptive alerts
concerning targeted attacks and protects clients proactively against new
threats that might emerge. TAAS delivers forensics reports with complete
information concerning the threat and its impact on the entity.
Pricing and Availability
Panda Security for Internet Transactions has been made available to the
general public effective immediately. Pricing starts at $1.50 per user. For
more information, go to http://www.pandasecurity.com.
About Panda Security
Panda Security is one of the world's leading IT security providers, with
millions of clients across more than 200 countries and products available in
23 languages. Its mission is to develop and provide global solutions to keep
clients' IT resources free from the damage inflicted by viruses and other
computer threats, at the lowest possible total cost of ownership.
Panda Security proposes a new security model, designed to offer a robust
solution to the latest cyber-crime techniques. This is manifest in the
performance of the company's technology and products, with detection ratios
well above average market standards and most importantly, providing greater
security for its clients. For more information and evaluation versions of all
Panda Security solutions, visit our website at: http://www.pandasecurity.com.
(1) Magic Quadrant for Endpoint Protection Platforms, 2007, Peter
Firstbrook, Arabella Hallawell, John Girard, Neil MacDonald, Dec. 21, 2007
SOURCE Panda Security

Bill Bourdon, +1-415-602-1491, or Heather Sieberg, +1-408-406-2356, both of
Bateman Group, for Panda Security, panda@bateman-group.com