Trusteer Wins 2009 Frost & Sullivan Web Fraud Protection Product of the Year Award

Trusteer, a provider of customer protection solutions and offerings for online businesses, announced that Frost & Sullivan, a global technology research firm, has awarded the company the 2009 European Web Fraud Prevention Product Innovation of the Year Award.

"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 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, 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."

According to Frost & Sulliva, the 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 approach to protecting users against web browser attacks, which have emerged as the vector used by criminals to steal web credentials and account information in order to commit financial fraud.

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 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.

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Related terms: banking, criminal, hijacking, internet, online, research, security, tampering, technology, web