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GeoTrust and Cyota Team Up to Boost Consumer Protection from Online Fraud
11:17:33 - 11 August 2005
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GeoTrust, Inc., a provider in identity verification solutions for e-business and a leading issuer of digital certificates for web security, and Cyota, Inc., the leading provider of anti-fraud and online security solutions for financial institutions,
today announced a partnership that will boost consumer protection from emerging phishing threats.

As part of the agreement, GeoTrust will incorporate Cyota’s anti-phishing data into the free GeoTrust TrustWatch® toolbar to provide consumers with comprehensive and timely protection from new phishing scams. In addition, GeoTrust joins Cyota’s global eFraudNetwork™, the Internet’s largest financial fraud detection network comprised of thousands of banks around the world, major ISPs and other technology companies.

“Industry research has shown that thousands of new phishing scams are introduced each month, exposing consumers to an avalanche of fraudulent communications from what they assume are trusted financial services and e-commerce providers,” said Neal Creighton, CEO of GeoTrust.

“Today, the TrustWatch toolbar easily verifies the authenticity of domains for thousands of Internet consumers. By adding near real-time attack data from Cyota, we are making good on our pledge to continuously expand and improve the protection that TrustWatch provides consumers.”

Cyota, on behalf of its financial institution customers, gathers real-time data on new and emerging phishing attacks. The company’s FraudAction™ anti-phishing solution detects attacks by using a wide range of sources and technologies, including data from the eFraudNetwork and scanning the Internet and e-mail streams. Cyota’s Anti-Fraud Command Center takes down the spoofed sites, deploys countermeasures and performs forensic work to catch would-be thieves.

Through its global detection network and anti-phishing expertise, Cyota will provide GeoTrust with updated antiphishing data for incorporation into the TrustWatch toolbar.

“A consumer’s best weapon against phishing is an intelligence-driven, automated tool that can verify the authenticity of websites and block access to fraudulent ones,” said Amir Orad, executive vice president at Cyota.

The TrustWatch search site uses patent-pending technology to allow consumers to enter any website or domain name into a search box and receive a verification
rating that provides consumers with more confidence when exchanging personal and payment information with an online business.

GeoTrust is a leader in identity verification and trust services for e-business, and the fastest growing Certificate Authority, according to market research firm Netcraft. Its products include web security services for secure e-commerce transactions, identity verification, managed security services and TrustWatch (www.trustwatch.com), a free toolbar and search site that helps consumers recognize whether a site has been verified and is safe for the exchange of confidential information.

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