Cyota to Provide Digital Insight's Industry-Leading Network of Middle Market financial institutions with customized anti-fraud and security technologies
CALABASAS, Calif., NEW YORK, NY— [In December 2005 RSA Security acquired Cyota, a New York-based anti-fraud company.]
Digital Insight Corp the leading online banking provider,announced today it has entered into a partnership with Cyota, Inc.(http://www.cyota.com), a leading provider of anti-fraud solutions for financialinstitutions, to provide Digital Insight client financial institutions with Cyota's industry leading FraudAction(TM) anti-phishing solution. The latest addition to Digital Insight's comprehensive data security and privacy offerings is designed to help client banks and credit unions protect their users from various forms of online attacks. This agreement further demonstrates the unique benefits Digital Insight's distribution channel can provide to client financial institutions and their consumers.
Digital Insight clients can now implement a tailored version of FraudAction(TM) that fits their specific needs while enabling them to continue working within their existing customer support and service framework. The service includes shutting down fraudulent sites and collecting forensic information to help prevent future attacks, with options for detecting and identifying phishing attacks in real-time. These capabilities are enhanced by Cyota's global network of partnerships with leading ISPs and anti-spam providers. Additional features available to Digital Insight clients include a Web dashboard that provides ongoing status updates if an institution is attacked, real-time alerts to identify new threats, and countermeasures to dilute the results of phishing attacks.
"At Digital Insight, security isn't a product; it's a process. We continue to provide the mission-critical capabilities, solutions and security services our client financial institutions need to be able to compete and win, through partnerships only an entity of Digital Insight's scale can secure," said Digital Insight Chairman, President and CEO Jeff Stiefler. "We are pleased to partner with a leading anti-fraud provider like Cyota and look forward to working with them to help our clients deliver greater peace of mind to their users." Phishing scams are one of the most rapidly growing forms of fraud on the Internet. Cyota's Anti-Fraud Command Center (AFCC) reports it has seen a 633 percent increase in the number of credit unions, regional and mid-to small-sized banks attacked by fraudsters between January and May 2005.
"As regional banks, credit unions and smaller institutions are fast becoming the target of choice for phishing attacks, and our partnership with Digital Insight will rapidly and cost-effectively bring our industry leading anti-fraud services to an important market segment that is most in need," said Cyota CEO Naftali Bennett. "We have worked with Digital Insight to tailor the service to the needs of their customers, both in terms of functionality, support and pricing. We believe that this partnership will go a long way in protecting Digital Insight's customers in their specific operating environment."
About RSA Cyota Consumer Solutions
RSA Cyota Consumer Solutions, a division of RSA Security Inc., offers proven solutions for online banking and e-commerce that range from adaptive authentication – with risk-based technology, one-time-passwords and transaction-signing – to anti-phishing services and real-time transaction monitoring that controls fraud and manages risk. The company’s eFraudNetwork™ community is the world’s most effective cross-bank collaborative online fraud network. Today, many of the world’s top 50 banks, including nine of the top 12 banks in North America and the UK, use RSA Cyota solutions to protect approximately 430 million consumers.
About RSA Security Inc.
RSA Security Inc. is the expert in protecting online identities and digital assets. The inventor of core security technologies for the Internet, the Company leads the way in strong authentication and encryption, bringing trust to millions of user identities and the transactions that they perform. RSA Security’s portfolio of award-winning identity & access management solutions helps businesses to establish who’s who online – and what they can do.
With a strong reputation built on a 20-year history of ingenuity, leadership and proven technologies, we serve approximately 20,000 customers around the globe and interoperate with more than 1,000 technology and integration partners. For more information, please visit www.rsasecurity.com
