Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

TRUSTED KNIGHT LAUNCHES COMBINED SOLUTION TO PREVENT CYBER-ATTACKS AND FRAUD

TRUSTED KNIGHT LAUNCHES COMBINED SOLUTION TO PREVENT CYBER-ATTACKS AND FRAUD

Protector Air Delivers Full Transaction Stack Protection for Financial Institutions

Trusted Knight, a leader in digital security and anti-fraud technology, today announced the launch of Protector Air, a cloud-based solution that deploys in-stream between consumers and businesses conducting financial transactions to protect both from cyber-attacks and fraud. Customers using Protector Air are able to prevent banking malware techniques including rootkits, man-in-the-browser attack, session hijacking, account takeovers, and more without assuming the additional cost or risk of deploying a new solution themselves.

According to World Bank data released in 2018, customers of financial services suffered 65 percent more cyber attacks than customers of any other industry, which represented a year over year 29 percent increase. This puts significant pressure on organizations that conduct online commerce to support and secure web applications where customers access private information and engage in sensitive financial transactions.

Historically, these businesses have relied on distinct web application and endpoint solutions, combined with fraud detection technologies to address financial sector threats. However, web application protection has proven difficult to manage, and customer endpoint protection can be intrusive and burdensome for end-users, leading to low adoption rates and ineffectiveness. In addition, fraud detection solutions don’t prevent attacks at all, but have become a fall-back for insufficient security, only providing insight after breaches have occurred.

“The conventional security approach has been to protect the endpoint and the web application separately using two distinct solutions,” said Joseph Patanella, CEO and founder of Trusted Knight. “What we’ve enabled is the modern paradigm of accepting that there will be compromised endpoints as well as attacks on web servers, but secure business can still take place if each touch point of each transaction is protected. We are creating a new category of solutions with Protector Air – one that provides full transaction stack protection.”

Protector Air provides full transaction stack protection that intercepts customer-side malware, prevents web application exploitation, and stops transactional fraud by:

  • Protecting the website from direct attack on the infrastructure, frameworks, and application logic
  • Protecting the user from endpoint and browser-based malware such as keyloggers and banking Trojans
  • Protecting the communications from service disruption through distributed denial-of-service (DDoS) attacks
  • Incorporating anti-fraud intelligence into the defense to protect transactions

The patented Protector Air technology is:

  • Unified – prevents malware, cyber-attacks and fraud
  • Agentless – zero impact on customers, 100 percent adoption rate
  • Turnkey – rapid deployment, immediate time to value
  • Cloud-based – elastic scalability, ultimate reliability
  • Platform-independent – all customer devices, all server platforms

“This is an entirely new approach to fraud and security protection,” continued Patanella. “We’ve developed a way to secure all unauthorized transactions and mitigate all negligent end-user behavior, which is the primary source of online fraud losses, without any action required by end-users. Protector Air will radically change the way the industry looks at security and fraud protection, and also provide an extensible solution for other industries such as e-tailers, that deal with sensitive transactions.”

For more information on Protector Air, click here.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post