CallingID Strong Authentication Customers are Protected Against Phishing and Trojan Attacks Similar to the attack on Nordea Bank Customers

NEW HAVEN, CT, January 23rd 2007 - CallingID, the leading provider of strong authentication and safe browsing solutions, demonstrated today how solutions based on its Strong Authentication Platform automatically protect banks and their customers from attacks like the one discovered last week against Swedish Nordea Bank customers, resulting in financial losses of over 8 million Kronor (approximately 1,300,000 USD). Online banks, worldwide, are encouraged to utilize this unobtrusive, easy to implement, strong authentication solution which enables fool-proof anti-phishing and anti-spyware capabilities without adding complexity to the user's experience or to the bank's online-banking applications.

CallingID's Strong Authentication platform is a simple solution that requires no hardware or software to be installed on the client's machine and is designed to work in every environment including public computers, where spyware such as key-loggers are installed. The unique patent pending spyware bypass technology protects users against phishing, trojans, and spyware attacks while allowing users to keep their standard username and password. Additional authentication factors are automatically requested in cases where the user's login is suspicious.

Although no client software installation is required, users are encouraged to install and use a CallingID client plug-in. Once installed, the plug-in keeps the standard simple login process unchanged using only a username and a password. With only a minimal change on the server, it provides the best protection against Internet fraud, including man-in-the-middle attacks. The hardware ID of the machine is used as a second authentication factor. This solution is easier and more effective than physical tokens.

While all other solutions are focused on authentication, CallingID attacks the root issues hindering the use of the Internet for online transactions. It provides identification, verification and authentication for both the user and the website.

Identify who you are dealing with
• Who owns the site
• Who is the user, where is he/she located and what device he/she uses to login
Authenticate to make sure that this is really whom it claims to be
• Unique site-to-user active authentication
• Adaptive multi-layered user authentication
Verify that it is safe dealing with this entity
• Automatic risk assessment for the site and the user
• Verify that the user is not exposed to internet fraud (Spyware, Man-in-the-Middle, Pharming, etc.)

"The latest reports from Nordea Bank which indicate that Internet fraud-related scams cost the bank over 8 million kronor in Q4 2006, brought us to the conclusion that this sector needs help", said Yoram Nissenboim, CallingID CEO. "CallingID succeeds in protecting users from becoming fraud victims without adding complexity to the login process. We invite the banks and their users to join our customers' and take advantage of this protection."

Online banking services adding CallingID Strong Authentication Platform to their servers now have a way to considerably reduce the risks and concerns that their clients have of being scammed, thus addressing their reluctance to conduct business over the Internet. The clients feel that the institution has taken the necessary steps to secure them, and since no complex procedure is added, they can significantly increase their business activities with the institution.

A working demonstration of CallingID Strong Authentication solution is available at https://db.callingid.com/SafetySealDist/

About CallingID
CallingID is a technology leader for protecting institutions and individuals when using the internet for ecommerce, online banking and accessing secure sites or any site to which a user wishes to submit private or personal data. 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, e-commerce 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.