Thursday, June 24, 2010

Zions Bank Chooses Trusteer Secure Browsing Services to Protect Customer Data Against Malware

Rapport and Flashlight Services Provide One-Two Punch to Secure Online Banking Sessions

SALT LAKE CITY--(BUSINESS WIRE)--Trusteer, the leading provider of secure browsing services, today announced that Zions Bank is deploying Trusteer’s Rapport and Flashlight services to help protect its online retail and business banking customers from financial malware attacks, fraud, and identity theft.
Trusteer’s unique ability to protect our online banking customers’ personal information and provide the information we need to mitigate suspected fraud incidents is extremely valuable from both end-user security and loss-prevention standpoints,” said Matt Wilcox, Zions Bank Interactive Department manager. “Trusteer helps us kill two birds with one stone. With Rapport we can help customers lock down their browser to keep out malware, while the Flashlight service performs ongoing incident analysis and enables us to remotely gather forensic data to investigate fraudulent activity and prevent attacks in the future.”Rapport silently protects data exchanged during web banking sessions including usernames, passwords, and account information against malware and financial Trojans such as Zeus, URLZone, Clampi, and others. In addition, Zions Bank is using Flashlight, Trusteer’s new remote fraud investigation and mitigation service. Flashlight identifies the attack source on customer machines, remotely gathers samples, and can reverse engineer the mechanism used by the malware to commit fraud. Findings will enable Zions Bank to prevent future losses, block subsequent attacks, and takedown command/control servers.
Flashlight: Cloud-based Fraud Investigations
To respond to fraudulent activity in real-time, Zions Bank is using the Trusteer cloud-based Flashlight service to investigate devices suspected of being compromised by malicious code. When the bank detects suspicious activity on an account that is not already protected by Rapport, it requests the customer run a lightweight investigation program. Once installed, Flashlight immediately identifies the malware, or in the case of an unidentified variant, detects suspicious malware behavior and lifts a sample or samples from the computer. These are then examined and reverse engineered by Trusteer’s fraud and malware experts to identify the mechanism used to commit fraud.
Following the analysis, Zions Bank receives a full report on the malware, the complete source code for future reference, and detailed recommendations on how to detect and block future attacks. In addition, Trusteer reports the malware to all desktop security vendors for industry-wide protection, performs ongoing analysis of associated command and control servers, and submits them to takedown services. Trusteer Flashlight includes ongoing consulting by Trusteer’s security experts with Zions Bank’s IT security team to help mitigate future threats.
“Banks often know when customers’ machines are infected with sophisticated malware, yet they have no mechanism to remotely investigate which malware is present and how it is bypassing their security controls,” said Mickey Boodaei, CEO of Trusteer. “Trusteer Flashlight enables Zions Bank, within minutes, to find out whether malware is present on a customer’s machine and then fingerprint and block its actions.”
Rapport: Secure Browsing Service
Rapport from Trusteer is a lightweight browser security solution that prevents criminals from tampering with website communications and transactions, and protects against man-in-the-browser, man-in-the-middle, and phishing attacks. When a Rapport user browses to sensitive websites such as internet banking, Webmail, or online payment pages, Rapport immediately locks down the browser and creates a tunnel for safe communication with the web site. This prevents malware from injecting data and stealing information entered and presented in the browser. Trusteer also offers in-the-cloud reporting services. When unauthorized access attempts are detected by Rapport, these are analyzed by Trusteer fraud experts who provide actionable intelligence to customers.
Availability
Trusteer Rapport is immediately available for download at no cost to all Zions Bank customers at https://www.zionsbank.com/rapport.jsp.
About Zions Bank
Zions First National Bank, a subsidiary of Zions Bancorporation (Nasdaq: ZION), operates 134 full-service branches and nearly 200 ATMs in Utah and Idaho. In addition to offering a wide range of traditional banking services, Zions Bank is also a leader in small business lending and has consistently ranked as the No. 1 lender of U.S. Small Business Administration 7(a) loans in Utah for the past 15 years and Idaho’s Boise District for the past eight years. Founded in 1873, Zions Bank has been serving the communities of the Intermountain West for more than 135 years. Additional information is available at www.zionsbank.com.
About Trusteer
Trusteer, the world’s leading provider of secure browsing services, helps prevent financial malware attacks through its Rapport and Flashlight services. Trusteer Rapport enables banks and online businesses to protect sensitive data such as account holder credentials from malware by locking down the browser and creating a tunnel for safe communication between the web site and customers’ machines. It also prevents phishing by validating site authenticity. Trusteer Flashlight allows remote, effective, and instant investigation of malware-related fraud incidents. Trusteer’s solutions are used by more than 60 leading financial organizations in North America and Europe and by more than 7 million of their customers. Trusteer is a privately held corporation led by former executives from RSA Security, Imperva, and Juniper. For more information visit www.trusteer.com.

Contacts

for Trusteer

Marc Gendron, 781-237-0341

marc@mgpr.net

or

Zions Bank

Heidi Prokop, 801-844-7915

Heidi.Prokop@zionsbank.com
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