With Crimeware on 45 Percent of U.S. PCs, IronKey Chairman Dave Jevans Discusses Evolving Cybercrime, Next Gen Fraud Prevention at Online Trust Alliance Forum
SUNNYVALE, CA--(Oct 18, 2011) - With 45 percent of U.S. PCs infected by crimeware, according to the latest Anti-Phishing Working Group (APWG) research, the risk of online banking crime, in which one wrong click can lead to financial disaster, has never been greater.
Dave Jevans, chairman of IronKey, the leader in securing data and online access, and the Anti-Phishing Working Group will expose these facts to the cold hard light of day -- and talk about the solutions -- when he takes part in a panel discussion at the 2011 Online Trust Forum in Washington, D.C., October 17-19, held during National Cybersecurity Awareness month.
Evolving Cybercrime - How we can work together to protect customers & the ecosystem, will be held on Wednesday, October 19th from 1:00 - 1:45 p.m. The panel will discuss the role of the Web in today's online crime including the shift to target enterprises via spear phishing, the risks it poses to organizations, and what can be done -- both within organizations and in the ecosystem -- to reduce those risks.
Jevans will describe the increasing sophistication of attacks and IronKey's next generation of online banking security, Trusted Access, which is both a hardware and software online security solution managed through cloud-based services that protect online banking customers from the growing number of threats.
Today's anti-malware software fails to detect crimeware designed to steal money at least 75 percent of the time according to real-time research from SpyEye Tracker1. As a result, online banking account takeovers are growing at over 150 percent based on new research published by FS-ISAC (Financial Services Information Sharing and Analysis Center).
IronKey Trusted Access assumes a customer's computer is infected with ZeuS or SpyEye or the latest zero-day attack that would go undetected by anti-virus and other software technologies. Trusted Access provides a secure Web browser protected in a fully virtualized, read-only environment tailored to protect online banking sessions from known and unknown crimeware. The IronKey Trusted Access method is one of the effective security controls recognized by the Federal Financial Institutions Examinations Council (FFIEC) in its new guidelines for stronger online security that go into effect starting January 2012. Trusted Access also meets NACHA and FBI recommendations for safe online banking by providing a dedicated, isolated and secure browser environment. And the secure browser approach is recognized by research firm Gartner, Inc. as one of most critical security controls for preventing online banking fraud.
The Evolving Cybercrime panel includes: Dave Jevans, chairman of IronKey and APWG; Maxim Weinstein, executive director of StopBadware; Paul Byron Pattak president of InfraGard National Members Alliance; and Scott Algeier, executive director of IT-ISAC.
The 2011 Online Trust Forum provides a unique platform for exploring solutions for protecting consumer trust and online confidence. More information on the Forum is at https://otalliance.org/dc.html
1 SpyEye Tracker, September 9, 2011, https://spyeyetracker.abuse.ch/
Ranked as the 14th best venture-funded company in The Wall Street Journal's "Next Big Thing 2011" survey, IronKey secures data and online access with software and hardware solutions managed through cloud-based services. IronKey's award-winning Trusted Access Platform helps financial institutions reduce the risk of online fraud, achieve compliance with Federal Financial Institutions Examination Council (FFIEC) guidelines, and acquire new customers with a competitive advantage. Starting with secure browsing that keeps customers safe from crimeware attacks on their PCs, banks can add multiple layers of security to meet the needs of client risk and value. Visit www.IronKey.com for more information.
"Protecting Online Banking Customers from Evolving Cyber Crime Threats" -- webcast explains the latest bank phishing attacks, the ZeuS Trojan and SpyEye, and why anti-virus software, firewalls and other conventional safeguards are not able to stop these attacks.
"Trusted Access Guided Demonstration" -- product demonstration and example attacks.
To stay current with the latest news and perspectives on bank phishing, ZeuS Trojan and Spyeye, also visit Dave Jevans' blog, 'Privacy and Identity Theft.'
About The Online Trust Alliance (OTA)
OTA's mission is to develop and advocate best practices, training and public policy which mitigate emerging privacy, identity and security threats to online services, brands, government, organizations and consumers. OTA's goal is to increase consumer protection, transparency and control of their data and online activities, thereby enhancing online trust and confidence and the long-term vitality and innovation of Internet-based services. For more information about OTA, please visit: https://otalliance.org.