Service provides security for Internet transactions.
Press Release Summary:
Utilizing Collective Intelligence, Panda Security for Internet Transactions protects banks and online merchants against active malware targeting business-to-consumer and business-to-business transactions. Service combats Trojans by scanning online consumers' PCs for threats and then automatically protecting companies against financial harm based on preferred, customizable response options. Targeted Attack Alerts sends forensic reports to companies hit by attack for immediate action.
Original Press Release:
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 // -- 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
Web site: http://www.pandasoftware.com/
