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

Trusteer 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.

Frost & Sullivan recognized Trusteer and its Rapport browser security service for market leading innovation and technological excellence, and predicts that Rapport will emerge as the primary mode of defence against online identify theft and fraud. In related news, Alliance & Leicester, a UK bank, announced that it is offering Rapport to its Internet banking customers as a free download.

"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 powerful yet very 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, etc., 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."

The Frost & Sullivan 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 preferred vector used by criminals to steal web credentials and account information in order to commit financial fraud. A full copy of the report is available at: trusteer.com/webform/frost-sullivan-2009.

"We are honored to have received the Frost & Sullivan 2009 European Web Fraud Prevention Product Innovation of the Year Award," said Mickey Boodaei, CEO of Trusteer. "The frequency, sophistication, and ability of web browser attacks to elude traditional security mechanisms are threatening online banking and other sensitive internet applications. By focusing on protecting the data on a user's PC, Trusteer is helping banks and other organizations secure the web channel for business. This award validates how important a technology like Rapport is to Internet commerce."

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.

Trusteer enables online businesses to secure communications with their customers over the Internet, and protect personally identifiable information (PII) and transactions from a user's keyboard into the company's Web site.

Frost & Sullivan, the Growth Partnership Company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of growth strategies.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

Related terms: bank, banking, business, ceo, commerce, communications, criminal, hijacking, internet, market, online, partnership, research, security, tampering, technology, web