Panda Security has launched Panda Security for Internet Transactions, an antifraud service for online transactions to protect clients of e-banking, pay-platforms and e-commerce against active malware.
Banks and businesses will be able to scan PCs to ensure that users launching transactions on their websites are not affected by any malicious code. This eliminates the risk of passwords being stolen or other fraudulent operations.
“Fraud and online theft are realities that are currently responsible for considerable financial losses for users as well as banks and other companies that operate transactions over the Internet with clients. In 2007, online fraud has grown 39,71% with respect to 2006, highlighting the alarming expansion of this threat,” explains Jeremy Matthews, CE of Panda Security (South Africa).
Panda Security for Internet Transactions protects against these dangers. This service will enable banks and companies to reduce losses through online fraud and react rapidly to malware that specifically targets them, as this product also includes specialised protection against targeted attacks. It also offers benefits for users of online banking and e-commerce services, as they will be able to perform online transactions with peace of mind.
“By ensuring that users, the weakest link in the security chain, are protected, consumer confidence in online transactions will grow rapidly,” says Matthews.
Panda Security for Internet Transactions can be fully configured by banks or companies. Options include making the application visible to users, customising the design, specifying the situations in which clients will be prevented from accessing the website, etc.
“For example, if the system detects that a user is infected with a Trojan that does not pose a threat to the transaction, the user can be allowed to access the website, and administrators can decide whether or not to advise the users that the computer is infected”, explains Matthews.
Banks and business that contract this service can also decide how to perform the scan on clients’ PCs. They can force them to run a scan before entering their details, or include it as a voluntary option. The scan can also be run after the user identification process, on an intermediate web page, or on all the pages that the company chooses. All these parameters are managed and configured through a web console.
Clients of Panda Security for Internet Transactions will also have a direct line to PandaLabs, the malware scanning and detection laboratory at Panda so product updates will be immediate should a new malicious code appear that targets the specific company.
Scanning takes place in real-time and is imperceptible to users, who can continue to use the Internet without any problems. All that is required is the installation of a small ActiveX control the first time the PC is scanned. The product is compatible with both the Internet Explorer and Firefox browsers.
Panda Security for Internet Transactions detects more than two million malicious codes, and benefits from the new security focus from Panda, called “collective intelligence”. This system is based on the collection of information concerning malware from the Internet community and the automated processing of this data in new data centers. This is correlated and leveraged to offer greater detection and improved security for clients.