The partnership is part of a defensive strategy designed to meet the demands of a financial services industry under siege from phishing attacks, which according to the Anti-Phishing Working Group are increasing at a rate of over 40% a month.
The alliance will integrate Quova’s GeoPoint geolocation service with the Corillian Fraud Detection System, an early warning system for online attacks on websites, in an attempt to identify the geographic location, ISP and organization associated with each website visitor.
The combined offering is expected to enhance an organization’s ability to proactively identify phishing sites under development, detect fraudulent behaviors, examine potential compliance issues and protect the online assets and reputation of the organization.
Jim Maloney, chief security executive for Corillian, commented: Being able to instantly determine every website visitor’s true location and routing information is enabling us to better secure the websites of some of the nation’s largest financial institutions and help them preserve and protect the trust of their customers.
