Phishing

Symantec is known for its protection services for computers such as anti virus and internet security applications. Now the company has come up with a Symantec phishing solutions package to help to curb the menace of phishing. The service employs researchers from all over the world to compile a database of potential threats and desktop software to help customers monitor emails, identify and bock online scam attempts.

In the last half of 2005, Symantec blocked over 1.5 billion phishing attempts. In fact, Symantec researchers concluded that 1 in every 119 emails were a designated phishing attempt.

The services grouped together are known as an online fraud management solution. The services are marketed by Symantec, California, to various financial services companies. Under the service, Symantec employs a worldwide network of probes and decoy e-mail accounts. These probes and email accounts collect, analyze, and therefore identify any new phishing scams that are targeted to online fraud management customers.

As soon as any new scam is identified by the company, a filter is created to block the fraudulent messages that come with the bogus e-mails. These filters are then automatically sent to the consumers using other applications from Symantec such as Norton Anti Spam and Internet Security applications.

Another fantastic component of Symantec phishing email programs are that the online fraud management customer whose name is mentioned in the fraudulent e-mails is also informed about it. This enables him/her to work with law enforcement agencies to catch the culprits and shut down the phishing web site immediately.

Online fraud management customers also get another benefit. Symantec provides access to a 'user-friendly resource center'. This resource center has content that educates the customer about various internet security threats. It also provides the customer with links to various products and information. This product and information can help them to assess their computer's security level and upgrade to any Symantec fraud prevention recommendations.

The package also includes consulting services. The package helps financial institutions to assess their online fraud risk profile. In fact, the main reason behind the development of the package is to identify loopholes in the organizations internet security and provide suggestions on measures to rectify the situation.

The pricing of the package is based on the number of registered online users. Large financial institutions are billed on a monthly basis. The industry has warmly welcomed the new venture by the world leader in desktop security. In fact, all the features of the Symantec phishing solutions package make it a must-have for almost every online financial service company.

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