MUMBAI: Global IT security provider Symantec Corporation launched online fraud protection programme to protect businesses, especially banks, from online threats emanating from phishing attacks on end-users.
Phishing refers to an online attempt to fraudulently acquire sensitive information such as passwords and credit card details by masquerading as a trustworthy entity.
Symantec Online Fraud Protection Programme will allow companies to shield their customers, carrying out online financial transactions, from such attacks by educating them and also rapidly responding against phishing, malware and fraudulent transaction activities.
The programme will also include an expert resident who would work with the in-house staff to provide security expertise. "By helping their customers safely conduct transactions online, businesses can boost customer loyalty, minimise financial loss and legal exposure and reduce risks to their corporate brand," a release here stated.
The latest Internet Security Threat Report (ISTR) released by Symantec in April has found that 80 per cent of brands targeted by phishing attacks were in the financial sector, Symantec Senior VP Anil Chakravarthy said. In India too, in the last six months of 2007, Symantec observed 345 unique phishing URLs hosted in India and about 400 attacks on reputable Indian banks.
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