CUPERTINO, CA -- 05/19/08 --
Symantec Corp. (NASDAQ: SYMC) today announced
the availability of
Symantec Online Fraud
Protection, a comprehensive program that includes Symantec services,
education and ongoing monitoring and management capabilities designed to
protect businesses that conduct large volumes of financial transactions and
their customers from losses due to online fraud. This offering helps
businesses shield their customers from a variety of online threats,
including
phishing and
pharming.
By helping their customers safely conduct transactions online, businesses
can boost customer loyalty, minimize financial loss and legal exposure, and
reduce risks to their corporate brand.
Corporate brand erosion as a result of online fraud is a significant
problem facing all organizations that conduct business online. Symantec's
most recent
Internet Security Threat Report, Volume XIII released in April 2008
indicates that threats from online fraud continue to plague both enterprise
organizations and consumers. In the last six months of 2007, Symantec
observed more than 85,000 phishing hosts -- computers that can host one or
more phishing Web sites -- an increase of 167 percent from the first half
of 2007.
"Fraud attacks are becoming more sophisticated and are increasingly
targeting businesses and customers with devastating effects," said Rob
Enderle, president and principal analyst, Enderle Group. "Organizations
generally lack an effective comprehensive approach to mitigating online
fraud. In addition, the damage that results from fraud now goes beyond
just financial damage to impacting the global brand. This combination
should make reducing the related risks a primary business objective."
Leveraging Symantec's broad footprint and position as a leader in security,
Symantec Online Fraud Protection is a flexible program that combines a
variety of offerings based on customer need. This offering is also backed
by Symantec's Global
Intelligence Network which provides the most comprehensive view of
Internet attack activity based on security intelligence data gathered from
around the world. Symantec's Global Intelligence Network includes 11
security response centers that analyze data from more than 2 million email
accounts, 120 million systems and more than 40,000 devices in more than 200
countries. Symantec Online Fraud Protection includes:
-- Phishing Monitoring: Watches for new phishing attacks and other
attacks on the client's brand.
-- Transaction Monitoring: Reviews transactions on back-end systems and
blocks fraudulent activities.
-- Online Fraud Incident Response and Countermeasures: Provides rapid
response to attacks in order to minimize losses and protect brand
reputation, including working with ISPs to curtail the activities of
fraudsters.
-- Malware Intelligence and Analysis: Provides monitoring of malware
targeting a specific brand and analysis of new malware behavior.
-- Consumer Education and Protection: Helps organizations educate and
protect their end-user customers from online threats and minimize the risk
of fraud.
-- Expert Resident: The offering also includes an expert resident from
Symantec, with access to a variety of security intelligence data sources,
who works with in-house staff to provide security expertise and serve as
the primary point of contact leading all online fraud protection efforts.
"Symantec's recent Internet Security Threat Report shows that 80 percent of
brands targeted by phishing attacks were in the financial sector," said Ted
Donat, director of product management, Symantec Consulting Services. "As
online fraud continues to increase, Symantec is arming its customers with
tools to protect against the brand erosion that can result from an attack.
With Symantec's superior malware intelligence and analysis, monitoring and
incident response services, customers can quickly respond to online fraud
attacks, leverage expert command and control during incidents, and shift
their approach to online fraud from reactive to proactive."
Symantec Online Fraud Protection provides a unique combination of products,
services and education, leveraging Symantec's unparalleled scope and
breadth of expertise in the security market. Symantec Global
Services is a leader in providing expertise and resources for securing
and managing the world's information. With more than 4,000 professionals
worldwide, Symantec Global Services has worked with 99 percent of the
Fortune 1000.
Pricing and Availability
Symantec Online Fraud Protection is available in all regions globally.
Pricing is based on the number of brands protected, the number of online
users and the degree of onsite support required. For more information,
visit Symantec
Online Fraud Protection.
About Symantec
Symantec is a global leader in providing security, storage and systems
management solutions to help businesses and consumers secure and manage
their information. Headquartered in Cupertino, Calif., Symantec has
operations in more than 40 countries. More information is available at
www.symantec.com
NOTE TO EDITORS: If you would like additional information on Symantec
Corporation and its products, please visit the Symantec News Room at
http://www.symantec.com/news. All prices noted are in U.S. dollars and are
valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of
Symantec Corporation or its affiliates in the U.S. and other countries.
Other names may be trademarks of their respective owners.
CONTACT:
Ellen Hayes
Symantec Corp.
+1 (415) 407-5054
ellen_hayes@symantec.com
Amanda Jones
Connect Public Relations
+1 (252) 637-7923
amandaj@connectpr.com
