RSA Security to Provide Further Protection Against Online Fraud for Commerce Bank Customers
August 09 2006 - 9:30AM
PR Newswire (US)
Deploys the RSA(R) FraudAction(SM) complete anti-phishing and
anti-pharming service BEDFORD, Mass., Aug. 9 /PRNewswire-FirstCall/
-- RSA Security (NASDAQ: RSAS) announced today that Commerce
Bancorp (NYSE:CBH) has selected RSA FraudAction, a complete
anti-phishing and anti-pharming solution, to further protect its
customers against the threat of online fraud. According to the
RSA(R) Anti Fraud Command Center, which tracks and dismantles
phishing attacks, pharming and other online fraud techniques,
phishing has been a steadily-growing menace to mid-sized and small
financial institutions over the past year, with approximately 26%
of all attacks recorded in June 2006 targeting regional US banks.
"Demonstrating that we are America's most convenient bank is part
of the fiber of every aspect of our operation, including online
security," says David Flaherty, Senior Vice President, Corporate
Communications, Commerce Bancorp. "Our customers rely on Commerce
Bank to protect their assets and identities, and by partnering with
RSA Security, a world leader in security and anti-fraud solutions,
they can rest assured that we are taking that responsibility
seriously and working behind the scenes to protect them."
Field-proven and in use today at more than 100 global financial
institutions of all sizes, the RSA FraudAction solution is a
complete anti- phishing and anti-pharming service. The service is
designed for the real-time detection of phishing and pharming
attacks and the shutting-down of fraudulent sites worldwide; the
blocking of fraudulent URLs; forensic work to help catch
fraudsters; and patent-pending countermeasures. RSA FraudAction is
operated by RSA Security's 24x7 Anti-Fraud Command Center -- where
more than 40 fraud analysts with focused expertise analyze and
qualify online fraud attacks -- as well as contacts at Internet
Service Providers around the world who assist the Command Center in
dismantling the fraudulent web sites. The war-room has worked to
shut down more than 18,000 fraudulent sites in over 65 countries
since its operations began. "While there is a lot of buzz around
Trojans, keyboard-loggers and various sophisticated attacks, the
reality is that -- today -- most online fraud is conducted via
phishing attacks. In fact, we see several thousand of them every
month," states Chris Young, Senior Vice President and General
Manager, Consumer Solutions Division, RSA Security. "Financial
institutions need to take a layered approach to security in order
to protect themselves and their customers from emerging threats.
RSA FraudAction is a very simple layer to put in place: it is an
effective, affordable and reliable service that can be deployed
quickly to help tackle today's primary method of online fraud
attack." About Commerce Bank Commerce Bank, "America's Most
Convenient Bank," is a leading retailer of financial services with
nearly 400 convenient stores in New Jersey, New York, Connecticut,
Pennsylvania, Delaware, Washington, D.C., Virginia and southeast
Florida. Commerce plans to build 65+ new stores and create 1,800
career opportunities in 2006. Headquartered in Cherry Hill, N.J.,
Commerce Bancorp (NYSE:CBH) has $43.4 billion in assets and in
second quarter 2006 achieved a 24% increase in core deposits, a 34%
increase in net loans and total asset growth of 30%. For more
information about Commerce, please visit the company's interactive
financial resource center at http://commerceonline.com/, or call
888-751-9000. 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, encryption and
anti-fraud protection, 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
more than 21,000 customers -- including financial institutions
representing hundreds of millions of consumers around the globe --
and interoperate with over 1,000 technology and integration
partners. For more information, please visit
http://www.rsasecurity.com/ RSA, the RSA logo, RSA Security and RSA
Anti Fraud Command Center are either registered trademarks or
trademarks of RSA Security Inc. in the United States and/or other
countries. RSA FraudAction is either a registered servicemark or
servicemark of Cyota, Inc., a wholly owned subsidiary of RSA
Security Inc., in the United States and/or other countries. All
other products or services mentioned are trademarks of their
respective countries. For more information: Erica Pereira Matt
Buckley OutCast Communications RSA Security Inc. (415) 345-4728
(781) 515-6212 DATASOURCE: RSA Security CONTACT: Erica Pereira,
OutCast Communications, +1-415-345-4728, , for RSA Security Inc.;
Matt Buckley, RSA Security Inc., +1-781-515-6212, Web site:
http://www.rsasecurity.com/ http://commerceonline.com/
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