Friday, December 9, 2016
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Protecting Banks and Customers with Layered Protection
Boston, MA — State Bank and Trust Company reportedly has experienced zero incidents of account takeover fraud since it deployed "Trusteer Pinpoint" and "Trusteer Rapport for Online Banking" to protect its commercial and retail customers from financial malware. According to State Bank and Trust, Trusteer was selected because it provides 100 percent coverage against financial fraud, automatically removes malware infections on customer devices and provides layered endpoint protection specified by the FFIEC Supplemental Guidance on Internet Banking Authentication.

State Bank & Trust has 35 banking locations throughout Mississippi, Louisiana, and Alabama with total assets of nearly $1Billion. It uses Internet banking technology from Jack Henry Banking for its online applications.

"We wanted to protect our commercial and retail online banking customers from account takeover fraud and comply with the new FFIEC online banking security guidelines," said Kent Savage, CIO for State Bank and Trust Company.

"After evaluating several vendors, we selected and implemented Trusteer for its ease of deployment, transparency to end users and the fact that it did not create any additional work for our IT staff," he added. "Trusteer Rapport is currently being offered to our clients to prevent malware from infecting their computers and compromising their browsers."

Meanwhile, Trusteer Pinpoint protects customers by detecting the presence of malware on all computers, even if Trusteer Rapport is not installed, before they log in to the online banking application. This provides 100 percent coverage against malware-driven fraud. If malware is found, the customer is asked to download Trusteer Rapport to remove the malware and protect their online banking session.

Trusteer Rapport and Trusteer Pinpoint — integrated and complementary products — create several protection layers for State Bank and Trust:

  • Trusteer Pinpoint provides clientless detection of fraudulent activity, identifying malware infected web sessions.
  • Trusteer Rapport prevents financial malware from infecting PC and Mac computers, secures the browser against tampering and data theft, and provides automated remediation.
  • Trusteer gathers specific intelligence on attacks targeting the bank through Trusteer Pinpoint and Trusteer Rapport, and uses these data to block future fraud attempts.

"Financial institutions of all sizes, whether they are regionally-focused like State Bank and Trust or, larger national brands, face similar threats when it comes to online banking," said Yishay Yovel, vice president of marketing for Trusteer. "Trusteer enables any size institution to prevent account takeover fraud and meet the new FFIEC Guidelines with a unified fraud prevention solution that is simple to deploy and requires virtually no maintenance by the bank or the end user."

Contact: Trusteer, 545 Boylston Street, 5th Floor, Boston, MA 02116 866-496-6139 or 617-606-7755 fax: 617-606-7756 Web:
http://www.trusteer.com

 
 
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