Feeds

PrevX piles in against bank Trojans, phishing

Plugging gaps in traditional anti-malware

Intelligent flash storage arrays

The fight against banking Trojans and phishing attacks has stepped up a gear with the launch of a new product on Wednesday targeted at securing online transactions.

PrevX SafeOnline, a client-side security software package that isolates transactions from everything else on a user's Windows PC, is designed as an added layer of protection to traditional anti-malware and personal firewall security packages.

PrevX, the UK-based firm behind the scheme, wants to offer the software via bank and government business partners, who will be able to offer the technology free of charge to their customers at no charge to themselves. Individuals can also buy SafeOnline as a standalone package, at a cost of £9.95 for a year.

Mel Morris, Chief exec of PrevX, said the firm was in "advanced talks" with retail banks and two governments, suggesting that deployments might follow within three months. He explained that PrevX planned to offer the software through banks at no charge in part as a brand recognition exercise for PrevX while also addressing the security shortcomings of conventional anti-malware defences. PrevX's main product is an anti-malware package called PrevX 3.0.

PrevX's SafeOnline is designed to safeguard against threats including phishing, DNS poisoning, man-in-the-middle and keystroke logging. Morris explained that the software sits between the operating system and browser so that it is capable of preventing even infected PCs from compromising an online transaction.

The technology protects information such as passwords, session credentials, addresses, credit card details or account numbers that are entered into or displayed by an internet browser during an online transaction.

The 920KB software download works alongside existing security products without adversely affecting system performance, according to PrevX. The client-side technology works without making changes to banking websites or applications.

Vulnerability testing firm Immunity reported that PrevX SafeOnline was effective at protecting web transactions from a selection of prevalent threats including the Zeus, MBR, Goldun, and Silent Banker groups of Trojans and spyware packages.

"No security vendor, including us, can claim to stop 100 per cent of internet threats," Morris told the Reg. "The current crop of security products is not enough. So we have developed transaction security technology that mitigates the harm of malware that may or not be present on a user's PC.

"We hope that by adding an extra layer of protection that this will build confidence in online banking and e-commerce."

PrevX's SafeOnline is part of an emerging generation of transaction security products. Other example include Trusteer's Rapport product which likewise aims to protect online transactions even if a user's PC is infected. A number of banks, including NatWest in the UK (here), has signed up to offer the technology to their customers.

Morris acknowledged that Trusteer's technology had broadly similar aims to PrevX's SafeOnline, but said it differed because Rapport worked as a browser add-on while PrevX was offering a security hardening product that offered an extra layer of security. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Knock Knock tool makes a joke of Mac AV
Yes, we know Macs 'don't get viruses', but when they do this code'll spot 'em
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
BlackEnergy crimeware coursing through US control systems
US CERT says three flavours of control kit are under attack
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.