CallingID Introduces "Saftey Seal" Multi-Level Protection Against Internet Fraud
Software Includes Automatic Compliance with FFIEC Authentication Guidelines and
FDIC recommendations to Protect Financial Services Companies, Web Site Owners
and their Visitors from All Types of Fraudulent Internet Activities
NEW HAVEN, CT, Oct. 24th, 2005 - CallingID (
www.callingid.com)
today announced a totally effective, multi-level solution, "Safety Seal" that
fully protects both the web site and the end user from all known Internet
fraud, but doesn't require changing login procedures.
The new guidance issued last week by the Federal Financial Institutions
Examination Council (FFIEC) and the recommendations published June 2005 by the
Federal Deposit Insurance Corporation (FDIC) require strong authentication when
a customer logs into his bank account over the Internet. CallingID Safety Seal
protects users from every known form of Internet fraud, including phishing,
pharming, spyware, malicious proxies, trojans and key loggers.
CallingID for the internet, the PC download that facilitates Safety Seal
authentication, provides authentication of every web site visited. Fifty-two
CallingID verification checks are run behind the scenes to confirm when a web
site is actually the site one thinks it is. CallingID displays the owner of the
site and its location and verifies that it is a real organization conducting
business in a known physical location. There is no learning curve and it is as
easy to implement for the large enterprise, eCommerce web sites as well as the
consumer. Users can download CallingID for the internet for free from
www.callingid.com/download.aspx. Installation is quick and simple.
While the threats of Internet fraud have become major issues for eCommerce and
online banking, the more costly problem is a sizeable number of reluctant
consumers who will not conduct online transactions, online banking, or enter
personal information on a web site because they don't know how to verify the
sites' legitimacy.
One study found that almost 60% of U.S. households were extremely concerned
about banking online. Other recent research shows the first decline in five
years of U.S. households that believe Internet-based transactions are secure.
CallingID solves these problems by providing a new service for sites registered
as "CallingID Safety Seal Verified" which fully protects the site's users when
they login to their web account.
The CallingID technology is a far more secure solution than others since it
provides three layers of protection: mutual authentication, full protection
against phishing and the ability to bypass spyware.
CallingID for the internet provides mutual authentication
Usually, when a user tries to login to a web site he provides his login
parameters so that the site can authenticate him. CallingID for the internet
enables the user to authenticate the site he visits and to verify that this is
really the site he wants to provide his personal information to. The
authentication of the site for the user is done by displaying the owner of the
site and its location, verifying that it is a real organization conducting
business in a known physical location and executing
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verification tests to eliminate potential fraud.
Safety Seal Basic protects users from submitting login parameters to any fraud
sites
This solution detects incidents where personal or confidential data, users are
about to send, might reach a site other than the protected site they had
intended sending data to. An immediate alert automatically calls users'
attention to prevent such action.
Safety Seal Pro protects users' desktop from trojans and spyware when they login
With this solution, CallingID encrypts the key sequence when users type their
password and prevents trojans or spyware from detecting the password typed. The
spyware is given a misleading password while the real password is securely
transferred to the server. "The critical need for a comprehensive anti-phishing
and anti-spyware solution has become a major concern for banks and eCommerce
providers," said Yoram Nissenboim, CallingID CEO. "Millions of users are being
lured by Internet scammers to access bogus web sites, and submit their personal
confidential details. Customers need to feel confident that they have the best
protection against identity and money theft, and CallingID provides the level
of confidence and security that clients seek while preserving their login
process."
About CallingID
CallingID provides solutions that encourage usage of the Internet for business,
helping customers avoid Internet fraud (phishing, pharming, spyware and
trojans) focusing on online banking, eCommerce and corporate sites as well as
individual Internet users. CallingID's offices are located in New Haven,
Connecticut and the R&D team is based in Haifa, Israel.