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.
Marc Gendron PR
Marc Gendron, 781-237-0341
marc@mgpr.net
Copyright Business Wire 2009
