Deploys the RSA(R) FraudAction(SM) complete anti-phishing and anti-pharming
service
BEDFORD, Mass., Aug. 9 /PRNewswire-FirstCall/ -- RSA Security (Nasdaq:
RSAS) announced today that Commerce Bancorp (NYSE: CBH) has selected RSA
FraudAction, a complete anti-phishing and anti-pharming solution, to
further protect its customers against the threat of online fraud.
According to the RSA(R) Anti Fraud Command Center, which tracks and
dismantles phishing attacks, pharming and other online fraud techniques,
phishing has been a steadily-growing menace to mid-sized and small
financial institutions over the past year, with approximately 26% of all
attacks recorded in June 2006 targeting regional US banks.
"Demonstrating that we are America's most convenient bank is part of
the fiber of every aspect of our operation, including online security,"
says David Flaherty, Senior Vice President, Corporate Communications,
Commerce Bancorp. "Our customers rely on Commerce Bank to protect their
assets and identities, and by partnering with RSA Security, a world leader
in security and anti-fraud solutions, they can rest assured that we are
taking that responsibility seriously and working behind the scenes to
protect them."
Field-proven and in use today at more than 100 global financial
institutions of all sizes, the RSA FraudAction solution is a complete anti-
phishing and anti-pharming service. The service is designed for the
real-time detection of phishing and pharming attacks and the shutting-down
of fraudulent sites worldwide; the blocking of fraudulent URLs; forensic
work to help catch fraudsters; and patent-pending countermeasures.
RSA FraudAction is operated by RSA Security's 24x7 Anti-Fraud Command
Center -- where more than 40 fraud analysts with focused expertise analyze
and qualify online fraud attacks -- as well as contacts at Internet Service
Providers around the world who assist the Command Center in dismantling the
fraudulent web sites. The war-room has worked to shut down more than 18,000
fraudulent sites in over 65 countries since its operations began.
"While there is a lot of buzz around Trojans, keyboard-loggers and
various sophisticated attacks, the reality is that -- today -- most online
fraud is conducted via phishing attacks. In fact, we see several thousand
of them every month," states Chris Young, Senior Vice President and General
Manager, Consumer Solutions Division, RSA Security. "Financial institutions
need to take a layered approach to security in order to protect themselves
and their customers from emerging threats. RSA FraudAction is a very simple
layer to put in place: it is an effective, affordable and reliable service
that can be deployed quickly to help tackle today's primary method of
online fraud attack."
About Commerce Bank
Commerce Bank, "America's Most Convenient Bank," is a leading retailer
of financial services with nearly 400 convenient stores in New Jersey, New
York, Connecticut, Pennsylvania, Delaware, Washington, D.C., Virginia and
southeast Florida. Commerce plans to build 65+ new stores and create 1,800
career opportunities in 2006. Headquartered in Cherry Hill, N.J., Commerce
Bancorp (NYSE: CBH) has $43.4 billion in assets and in second quarter 2006
achieved a 24% increase in core deposits, a 34% increase in net loans and
total asset growth of 30%. For more information about Commerce, please
visit the company's interactive financial resource center at
http://commerceonline.com, or call 888-751-9000.
About RSA Security Inc.
RSA Security Inc. is the expert in protecting online identities and
digital assets. The inventor of core security technologies for the
Internet, the Company leads the way in strong authentication, encryption
and anti-fraud protection, bringing trust to millions of user identities
and the transactions that they perform. RSA Security's portfolio of
award-winning identity & access management solutions helps businesses to
establish who's who online -- and what they can do.
With a strong reputation built on a 20-year history of ingenuity,
leadership and proven technologies, we serve more than 21,000 customers --
including financial institutions representing hundreds of millions of
consumers around the globe -- and interoperate with over 1,000 technology
and integration partners. For more information, please visit
http://www.rsasecurity.com
RSA, the RSA logo, RSA Security and RSA Anti Fraud Command Center are
either registered trademarks or trademarks of RSA Security Inc. in the
United States and/or other countries. RSA FraudAction is either a
registered servicemark or servicemark of Cyota, Inc., a wholly owned
subsidiary of RSA Security Inc., in the United States and/or other
countries. All other products or services mentioned are trademarks of their
respective countries.
For more information:
Erica Pereira Matt Buckley
OutCast Communications RSA Security Inc.
(415) 345-4728 (781) 515-6212
erica@outcastpr.com mbuckley@rsasecurity.com
SOURCE RSA Security
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Related links:
http://www.rsasecurity.com
http://commerceonline.com
CONTACT:
Erica Pereira, OutCast Communications,
+1-415-345-4728, erica@outcastpr.com, for RSA Security Inc.; Matt
Buckley, RSA Security Inc., +1-781-515-6212,
mbuckley@rsasecurity.com
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