Clinton Blanks, CEO of Bankstown City Credit Union comments; “We have used TrustDefender as an effective mechanism to help improve member online security practices while also improving the level of exposure when surfing online"
Boston, MA (PRWEB) July 12, 2010
Leading online transaction security provider, TrustDefender will be demonstrating their real-time, risk-based transaction security solutions, at the 1 Credit Union Conference in Las Vegas, Nevada, USA. For this year only, the conference is a combination of the World Council of Credit Unions (WOCCU) and North America’s Credit Union National Association (CUNA) Conference. Combining these two established events will bring together global credit union peers in the largest ever conference of its kind.
TrustDefender will be showcasing their online transaction security solution to a global forum of Credit Unions, Financial Institutions and Security Professionals, using real-time memory forensics. The conference will provide a platform for TrustDefender to continue their product launch into the North American market and to expand operations through their regional office in Boston, Massachusets. There are currently 54,000 credit unions in 97 countries across the globe serving 186 million people1.
Ted Egan, Founder and CEO of TrustDefender comments “We look forward to attending this powerful conference. TrustDefender was launched in 2008 with numerous Australian Credit Unions leading the way globally in adding real-time, risk-based security to secure the login process and online transactions. Through these partnerships we have built a solid understanding of how important a Credit Union’s member is to them and what drives their business. We will demonstrate an effective way for Credit Unions to reduce the risk of compromised computers by delivering a user-friendly solution. This will not only protect both their members and the Credit Union from the latest cyber threats such as Zeus, Mebroot, URLZone etc, but will also increase customer confidence, ultimately driving an increase in online transactions as people feel more secure. ”
Clinton Blanks, CEO of Bankstown City Credit Union comments; “TrustDefender delivers a unique and robust security solution that effectively wraps around older style security suites, the authentication process and other browser security solutions used by our customers today. We have used TrustDefender as an effective mechanism to help improve member online security practices while also improving the level of exposure our members are often bombarded with when surfing online”.
TrustDefender enhances and wraps around an enterprise’s current security solutions; securing the members computing device before they begin their authentication process and protecting a member’s confidential identity and personal information throughout the period of their online transaction. The solution ensures financial institutions such as Credit Unions do not have to worry about threats to their member’s credentials, and more importantly, helps build the trust and reputation of their Credit Union member partnerships.
How TrustDefender works:
- Through sophisticated memory forensics, TrustDefender evaluates the security health risk in real-time and detects any kind of malware present on the member computer before the authentication process begins
- TrustDefender provides the Credit Union the ability not only to notify the member of any security issues but also to provide advice on how to deal with the potential risk. The Safe&Secure Mode will make sure that a member can always securely login and fix the problem at a later date.
- The security posture of a member’s machine is assessed at the same time and included in the risk scoring provided to the online business where the transaction is taking place
- Integration of TrustDefender’s memory forensics allows the authentication provider to use the information previously unavailable in order to enhance their risk scoring of the transaction.
- Automated alerts can be set and reports can be generated by the financial institution in real-time before receiving the transaction. An immediate warning shows the end user security is at risk, allowing all threatened parties to take action immediately
Notes to editor:
For any further media information or an interview contact:
Sharon Ghatora, Taurus Marketing
Phone: +61 2 9415 4528 or +61 416 890 648
TrustDefender is the worldwide leading provider of ‘real-time risk based online transaction security solutions’ to safeguard consumer, financial institution and business online transactions. TrustDefender’s revolutionary technologies enable users to verify its security health state, perform a memory forensics analysis and secure their mobile computing device in real-time - before and during any Internet transactions.
At the same time, TrustDefender provides real time feedback on the security health of their computer. Best yet, the user does not need to be a security expert to use this technology. Most importantly, for the first time, the financial institution has real-time information that they can use to better protect transactions from compromise and also allows the enterprise risk managers to finally get a real time risk profile of their customer base.
The Enterprise Server incorporates a real-time risk-scoring engine that together with the rules and policy engine is always in control and can give the financial institution a server-side tool to mitigate the risk on both ends and includes an extensive Auditing and Reporting module. TrustDefender is the world’s first security solution which enables online businesses to integrate the home user or end user’s PC into one overall security chain.
TrustDefender was founded in December 2005 after the founders discovered the traditional security model was broken – and decided to fix it.
About World Council of Credit Unions
World Council of Credit Unions (WOCCU) is the global trade association and development agency for credit unions. WOCCU promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. WOCCU advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
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