Friday, June 11, 2010

eCert Selected To Provide Email Fraud Protection For U.S. Financial Services Sector

FS-ISAC and BITS Partner With eCert To Establish a New Email Security Capability for U.S. Financial Institutions

LATEST NEWS: 04/13/10, Wall Street Journal: Start Up Hopes to Stop Phishing With Certified Email


SAN FRANCISCO--(BUSINESS WIRE)--Email security leader eCert Inc. (www.ecertsystems.com) has been selected by financial industry consortiums, the Financial Services-Information Sharing and Analysis Center (FS-ISAC) and BITS, the technology policy division of The Financial Services Roundtable, to provide a key component of email security for the U.S. financial services sector. The new capability will help protect millions of consumers’ email against fraud or “phishing.”

“The FS-ISAC recognizes that email security is a critical component in protecting financial institutions and their communities from attacks and potential fraud. Our efforts with BITS and eCert to address the profound security threats related to email are another example of how we support our Members”
“Email fraud is a major ongoing threat to consumers and financial institutions. BITS has been engaged in efforts to advance email security for the industry by supporting the adoption of new protections that improve email protection for consumers. eCert’s approach is aligned with our industry’s goals, and the partnership represents a significant advance toward increasing the safety of email and improve the confidentiality and integrity of online services,” said Larry Seibel, SVP, Huntington Bancshares and Chairman of the BITS Security Steering Committee, which led the effort to create an email registry.
Through a new “Trusted Email Registry,” members of the Roundtable and its BITS/FSTC Financial Affiliates and FS-ISAC will have immediate access to valuable email traffic and fraud data to better manage email security, identify threats, and defend themselves and their customers against phishing attacks.
The partnership will make the eCert Email Domain eCertificationTM Service available to the Roundtable membership, which are 100 of the top financial institutions in the United States, and to financial institutions that are members of the FS-ISAC, protecting U.S. consumers from phishing attacks against financial services providers.
“The FS-ISAC recognizes that email security is a critical component in protecting financial institutions and their communities from attacks and potential fraud. Our efforts with BITS and eCert to address the profound security threats related to email are another example of how we support our Members,” said Bill Nelson, President & CEO, FS-ISAC.
“eCert has been working with major financial institutions and Internet Service Providers for several years to establish the right solution to protect email from fraud. Our goal is to restore safety and trust to email and improve online services. We are very proud to partner with FS-ISAC and BITS in their efforts to advance security for financial services and provide critical capabilities for their members,” said Kelly Wanser, CEO, eCert.
BITS is the technology policy division of The Financial Services Roundtable (www.bits.org), which represents 100 of the largest financial services companies in the U.S. BITS focuses on strategic issues where industry cooperation serves the public good, such as critical infrastructure protection, fraud prevention, and the safety of financial services.
eCert recently announced the launch of its Email Domain eCertificationTM Service and partnerships with Google, Yahoo! and leading financial institutions. eCert partners include Internet Service Providers, financial services operators, email security vendors and email infrastructure providers.
About eCert, Inc.
eCert provides critical protection against email fraud to financial institutions, major brands, critical data providers and government. eCert is rapidly expanding its network of ISP and security industry partners to ensure that large-scale, high-quality email senders, receivers and their customers have the best anti-phishing and traffic protection available for email. Founded in 2008 by executives from the email, security and financial services sectors, eCert, Inc. is a privately held company based in San Francisco, California. For more information visit: www.ecertsystems.com
About The FS-ISAC
The Financial Services Information-Sharing and Analysis Center (FS-ISAC) is a non-profit, member owned organization that is the only industry forum for collaboration on critical security threats facing the financial services sector. Launched in 1999, the FS-ISAC was established by the financial services sector in response to 1998’s Presidential Directive 63. The mission of the FS-ISAC in collaboration with the U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) is to enhance the ability of the financial services sector to prepare for and respond to cyber and physical threats, vulnerabilities and incidents and to serve as the primary communications channel for the sector. More information about the FS-ISAC is available atwww.fsisac.com.

Contacts

PRESS CONTACTS:

for eCert, Inc.

Katy Lim

415.375.0663

changepr@gmail.com

or

Larry Baird

818.399.2535

larry@ecertsystems.com
Permalink: http://www.businesswire.com/news/home/20100610005657/en/eCert-Selected-Provide-Email-Fraud-Protection-U.S.






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