CUPERTINO, Calif. – May 1, 2006 – Symantec Corp. (NASDAQ: SYMC) today announced the Symantec Phish Report Network, an extensive antifraud community where members contribute and receive fraudulent Web site addresses for alerting and filtering across a broad range of solutions. Symantec Phish Report Network members, such as RSA Security, eBay, and Wells Fargo, contribute URLs they have identified as fraudulent Web sites to the network, with eBay's contributions including information from its subsidiary, PayPal. Symantec then collects the data and distributes it to other network members such as Google, Yahoo!, and Netscape. These members use the data as part of their solutions and services to alert end users or filter access to fraudulent Web sites, better protecting consumers and businesses from phishing threats.
RSA Security's participation includes information from their cross-bank collaborative eFraudNetwork(TM) community and FraudAction(TM) anti-phishing service, which includes data from more than 100 financial institutions, such as key FraudAction customer Visa USA.
"As we've demonstrated many times before, we are big believers in collaborating with other leading organizations in the market in order to fight phishing and online fraud," said Chris Young, senior vice president and general manager of RSA Consumer Solutions at RSA Security. "Along with the data from RSA Security, which represents a multitude of financial institutions worldwide, the Symantec Phish Report Network is a high-quality service for companies that would not have been able to produce the same results on their own. Together we are better protecting consumers and businesses from the threats posed by Internet scams."
According to Symantec's most recent Internet Security Threat Report, one of the most comprehensive sources of Internet threat data in the world, 7.92 million daily phishing attempts were identified during the last half of 2005, an increase of more than the 5.70 million attempts per day in the first half of 2005. Phishing attacks attempt to deceive users into revealing confidential information for financial gain and represent one of the many types of cybercrime affecting businesses and consumers today.
"Preventing cybercrime is a top priority for Symantec," said Arthur Wong, vice president, Symantec Security Response and Managed Security Services. "Symantec is taking an active role against phishing attacks and online fraud by hosting and continuing the growth of the Symantec Phish Report Network."
By submitting data to the Symantec Phish Report Network, contributing companies benefit from the convenience of funneling fraudulent URLs to a single location where it is aggregated and distributed to other network members for alerting and filtering in their applications. The Symantec Phish Report Network offers a continuous, accurate source of fraudulent phishing URLs that members leverage to preserve their brand image, protect their customers, and fuel their own antifraud efforts.
Companies interested in becoming a Symantec Phish Report Network member can visit www.phishreport.net/ for more information.
Symantec Global Intelligence Network
The Symantec Phish Report Network is an important new component of the Symantec Global Intelligence Network, which provides unparalleled insight into the Internet security landscape. Symantec Global Intelligence Network consists of more than 150 million desktop antivirus sensors; 40,000 intrusion detection and firewall sensors; and 4,300 monitored and managed security devices worldwide. This information is combined with Symantec's vulnerability database of 13,000 entries -- the world's largest -- covering of 30,000 versions of applications and operating systems from more than 4,000 vendors; and daily scans of more than 2 million decoy e-mail addresses for antispam, phishing, and e-mail security threats.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
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