Security firm Trusteer has announced an online fraud intelligence and risk assessment service for financial institutions to provide real-time threat visibility.
The service, called Trusteer Situation Room (TSR), is aimed at providing information on fraudsters, their activities, the institutions they target, their methods for bypassing various security controls and techniques for blocking individual attacks.
The service will be based on information gathered on malware activity from a worldwide network that spans millions of endpoint devices and thousands of malicious servers, the company says. The service will also be backed up by security analysts that closely monitor financial fraud activities.
Trusteer claims TSR will enable financial institutions to comply with risk assessment requirements by identifying any new threats targeting their systems and customers, providing a technical analysis of attacks and their implications, and making recommendations on how to mitigate them.
TSR is designed to generate reports describing the change in threats over time and monitor the effectiveness of various security controls against them.
"With the pace of cyber crime increasing every day, even the largest and most security conscious organisations don't have the internal resources to keep up with the continuous onslaught of malware and phishing attacks that targets their business," says Yaron Dycian, vice-president of products for Trusteer.
The TSR, he says, uses the depth and breadth of Trusteer's global security monitoring network to detect, analyse, and report on attacks, as they happen to provide the critical intelligence organisations need to protect their assets and keeps customers safe.