SaaS tool combines anti-phishing and anti-malware capabilities

MarkMonitor announced AntiFraud Solutions, offering patented technology to enable brand owners to prevent, detect and respond to phishing and malware attacks.

MarkMonitor AntiFraud Solutions create a powerful SaaS tool to help prevent fraud, reduce losses and instill confidence in conducting business online. These integrated solutions and services are available 24×7 and provide a set of data sources, fast site shutdowns, forensic reporting, preventative tools, and the broadest response network. With this solution, brand owners can preserve their investments in online business, reduce their risk profile, and attain a quick return on investment.

Features and benefits include:

• AntiFraud Portal – The SaaS-based portal allows brandholders to monitor real-time information about attacks, track shutdowns, review comparative industry trends, and investigate perpetrator information using a reverse WHOIS database
• Real-time detection, analysis and reporting – Around the clock fraud monitoring across a broad range of fraud intelligence data sources and forensic analysis of potential attacks helps reduce the impact of attacks
• Fraudcasting – Widest distribution of real-time brand attack alerts to ISPs, email vendors, browsers, and security vendors helps to prevent users from receiving phishing e-mails, visiting malicious sites and/or becoming infected with malware
• Fast shutdowns – Rapid shutdown performance, available 24×7 with the MarkMonitor Security Operations Center, is enabled by leveraging the extensive network of relationships forged with ISPs, Web hosters, law enforcement, CERTs, domain registrars, and registries. This frees brandholders from having to build and maintain their own relationships with service providers.

Online brand attacks are on the rise, becoming more varied and sophisticated in their techniques while targeting financial institutions of all sizes and trusted Web properties such as ecommerce and government sites. The APWG estimates over 260,000 phish attacks in 2008 and noted industry analyst firm Gartner estimated that direct costs of phishing rose to a record $3.2 billion in 2007. Malware attacks are an increasing source of concern for enterprises as these attacks not only impact corporate security but also impact brand reputation and trust, limiting the growth of online transactions and adoption of online services.