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October 03, 2005
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CounterPhish has a number of features that allow financial institutions to address each and every facet of a potential attack from start to finish. These include:
-- Process Documentation: provides step-by-step instructions and documentation on what to do when a phishing attack has been launched;
-- Early Monitor System: creates 'Honeypots' used to gather and scan millions of SPAM emails for signs of phishing attempts and attacks, as well as monitoring new domain registrations that mimic a financial institution registration;
-- Identification and Verification: validates phishing attacks and notifies the financial institution management team;
-- Take Down: traces the origin of attack, and works with the ISP or hosting provider to quickly shut down the fraudulent Web site as well as monitoring the Internet ; and
-- Data Forensics: records the details of the phishing attack providing the financial institution with the forensics information needed for legal authorities or insurance.
"Small banks, especially credit unions, have limited resources and employees may shoulder a number of responsibilities. As a result, it may leave some banks ill-equipped to fully understand and deal with potential phishing attacks," said Bradley Silver, president and CEO of Brandimensions. "The CounterPhish solution provides credit unions with the peace of mind that they have employed best practice phishing solutions and have access to a response team anytime - day or night."
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