it cost-effectively improves security and could save a conservatively projected $1 billion in collective losses annually for vendors. Most importantly, it renews confidence and will increase usage among on-line users and consumers on a global scale.
San Diego, CA (PRWEB) May 30, 2006
Secure Science Corporation (SSC) has identified and recovered more than 2 million stolen credit cards since January of this year using their exclusive Global Surveillance Center (GSC). The majority of this stolen data is being recovered from malicious software installed on users’ computers via a technique dubbed “Key-Logging”. SSC announces the launch of a revolutionary “real-time” solution to counter these fraudulent attacks -- IntelliFound, an alert signature system compatible with IDS/IPS systems that profile web activity.
IntelliFound is a real-time risk management and data recovery service now available to e-commerce businesses, financial institutions and governmental entities worldwide. It provides unprecedented capabilities for registered vendors who have login sites to receive zero-minute reports about their consumers’ credit card accounts, logins, and money transfer transactions which have been compromised by cyber criminals from external sources. This is the newest level of Internet credit card fraud prevention.
Lance James, world-renowned computer security expert and Chief Scientist of Secure Science Corporation, explains that “IntelliFound allows companies to recover the stolen data before the criminals start using it, essentially rendering it Dead-On-Arrival for online thieves. We utilize our Global Surveillance Center to extract data stolen by phishers and return this stolen information back to the establishment as it is captured.” James estimates that one phisher employing a single trojan captures on average 100 megabytes of stolen data daily, the equivalent of approximately 16,000 unique logins. He further notes the significance of this cutting-edge technology in that "it cost-effectively improves security and could save a conservatively projected $1 billion in collective losses annually for vendors. Most importantly, it renews confidence and will increase usage among on-line users and consumers on a global scale.”
About Secure Science Corporation
Secure Science Corporation designs and develops advanced technology dedicated to protecting on-line assets. The company is pioneering innovative methods to transform the Internet into a secure environment for both online communications and transactions through proprietary detection and prevention of phishing and malware.