Cyota FraudAction
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From the publisher website or publicity Cyota FraudAction™ is our end-to-end solution to financial institution email fraud and phishing. Using FraudAction™, financial institutions can not only know about an e-mail fraud attack, but can also proactively prepare for it and actively respond and control it. FraudAction is field-tested with proven results - cuts fraud losses by 50% and reduces the average lifespan of phishing attacks from 6 days to 5 hours. The service is in use today by several top American and British banks. Recently Cyota enhanced its FraudAction service to include the world's first anti-pharming service, designed to protect banks from DNS Poisoning attacks, also known as pharming. Email fraud, also known as “phishing” in its most popular form, occurs when numerous accountholders receive an email, allegedly sent by a financial institution, persuading them to supply private identifying personal and account information online. Phishing scams are one of the most rapidly growing forms of fraud on the Internet, and are the latest addition to the global identity theft epidemic. What is Cyota FraudAction™? Cyota FraudAction™ is the company’s comprehensive approach to financial institution phishing attacks. Currently in use by several top global banks, FraudAction provides financial institutions with an end-to-end solution to be prepared and deal with phishing before an attack takes place, during an attack, and after an attack. FraudAction has a proven track record, and our clients will attest to its results – significant mitigation of phishing-related damages and reduced fraud rates. The service handles phishing on behalf of the bank, from start to finish. FraudAction includes qualified alerts, fast site shutdown, detailed reports, proprietary counter-measures, and valuable forensic work. |
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Vendor: Cyota |
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