RealTime IT News

Cyota Helps EarthLink Bag Phishing Scams

Anti-fraud and online security solutions provider Cyota says it will provide data to EarthLink to enhance the ISP's ScamBlocker toolbar.

ScamBlocker, which helps users avoid phishing scams by redirecting them to EarthLink-generated Web pages after encountering fraudulent sites, will get a boost from Cyota anti-phishing solution dubbed FraudAction.

It also provides additional information about phishing and similar online scams, as well as what actions subscribers can take to further protect themselves.

"It is imperative for companies to work together and share intelligence when dealing with online fraud and phishing in order to ensure that the Internet remains a viable commerce and communication channel for years to come," Naftali Bennett, Cyota CEO, said.

FraudAction detects attacks by using a range of sources and technologies, such as scanning the Internet and e-mail streams. The company's Anti-Fraud Command Center (AFCC) then removes spoofed sites and deploys countermeasures against them and performs forensic work to catch the fraudsters, according to Bennett.

Bennett said Cyota's anti-phishing solution and its online security and anti-fraud services are used by nine of the top 12 banks in the world, and its anti-phishing service has been in use worldwide for over 18 months.

"By adding Cyota's FraudAction information into our phishing database, ScamBlocker users now have access to some of the latest protection tools for financial and banking scams," Matt Cobb, EarthLink's vice president of core applications, said.

Based on its global detection network and anti-phishing experience, Cyota will update EarthLink as soon as an attack against a financial institution is detected.

According to Cyota AFCC, there are approximately 2,500 new phishing scams introduced each month, and to date the company has detected and shut down 7,000 of those operations.

As previously reported by internetnews.com, Cyota partnered with America Online in April in order to identify and block sites that were posing as official properties of legitimate companies.