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Anti-Phishing Protection Accelerates Elimination of Fraudulent Sites, Minimizes Loses Due to Attacks Cyveillance Enables COCC to Protect Financial Institution Clients from Online Risks ARLINGTON, VA., March 6, 2006 -- Cyveillance, the leading provider of online risk monitoring and management solutions, today announced that COCC, one of the fastest growing financial data processing companies in the country, has selected the Cyveillance Anti-Phishing™ service and will make it available to all their clients. This relationship provides the best threat protection to COCC’s community bank and credit union clients for early detection and mitigation of rapidly escalating phishing attacks that can cause customer distrust and monetary losses. “Market and regulatory pressures are forcing our financial institution clients to improve efficiencies and ensure that secure controls and processes are put into place,” said COCC director of strategic products Linda Stahl. “Through our Cyveillance partnership, we are confident that we are helping our clients access the best online risk protection available today and ensure that they are doing all they can to fight online fraud.” The financial services industry is particularly vulnerable to sophisticated threats designed for profit, not just disruption. Celent reported a 338% increase in the number of phishing sites in the second half of 2004. More recently, the Anti-Phishing Working Group detected 7,197 unique phishing sites in December 2005, a 55% increase over the previous month. “Criminals rob banks because that is where the money is. Online thieves take a similar approach by targeting online financial establishments with intricate phishing and fraud schemes designed for profit,” said Todd Bransford, vice president of marketing at Cyveillance. “COCC has taken a proactive step in protecting its clients by addressing these threats head on and ensuring rapid mitigation so their clients can focus on what’s most important – the customer.” Under the terms of the agreement, Cyveillance Anti-Phishing service monitors and evaluates COCC client domains, and scans junk email messages, web pages and new domain registrations for suspicious activity. When phishing scams or domain “hijacking” attempts are identified, Cyveillance will immediately alert the impacted financial institution and COCC and take protective measures, which may include the take down of fraudulent web sites being used for phishing attacks.
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