PayPal provides antifraud, antispam tool to users
The free download aims to block 98% of e-mail phishing scams
Computerworld - Online payment service PayPal.com is aiming to help its users fight fraudulent e-mail phishing scams by providing a free fraud-detection tool from security vendor Cloudmark Inc.
In an announcement yesterday, San Francisco-based Cloudmark said its SafetyBar tool will automatically stop more than 98% of incoming spam and fraudulent e-mails headed toward users' e-mail in-boxes. The free 5.3MB download will protect users with Microsoft Outlook e-mail accounts.
Karl Jacob, CEO of Cloudmark, said the company is working on providing the SafetyBar technology to users of other e-mail clients and has released a software developer's kit to encourage the creation of such applications.
The SafetyBar is designed to check incoming e-mail messages in real time, Jacob said, and will highlight legitimate e-mails from PayPal to identify them for users.
SafetyBar appears as a toolbar in Outlook immediately after installing the software, according to Cloudmark. Incoming messages that are identified as phishing e-mails by the software are then automatically forwarded to the spam folder.
Also included in the download is a free 30-day trial of Cloudmark's antispam protection.
"Online security is a top priority for PayPal and we continue to fight phishing attacks in every way we can," Dave Nielsen, technical evangelist at PayPal, said in a statement. "We're happy to work with Cloudmark to develop tools and techniques that enhance our fraud protection initiatives."
Phishing is a scam in which legitimate-looking e-mails that appear to come from well-known banks, online retailers and credit card companies are sent out to fraudulently obtain personal and financial information from recipients. Recipients who believe the messages are genuine and respond with their personal information become victims of fraudulent use of credit card numbers and other personal information.
Sara Bettencourt, a spokeswoman for San Jose-based PayPal, said reaction to the beta toolbar program was positive, which is why the company decided to distribute the toolbar to a wider group of its customers.
"It's one more protection measure that we're offering to our users," she said.
PayPal has about 56.7 million accounts open worldwide, including some 17 million active members, she said.
Read more about Cybercrime and Hacking in Computerworld's Cybercrime and Hacking Topic Center.
- Why Projects Fail CIOs are expected to deliver more projects that transform business, and do so on time, on budget and with limited resources.
- The New Business Case for Video Conferencing: 7 Real-World Benefits Beyond Cost-Savings This whitepaper provides insight into the value of video conferencing in today's business environment, and how organizations are using visual collaboration to find...
- Gartner Magic Quadrant for Client Management Tools The client management tool market is maturing and evolving to adapt to consumerization, desktop virtualization, and an ongoing need to improve efficiency.
- Audit Ready and Asset Optimized: The Solid Promise of an Intelligent Software Asset Management Solution In this paper Frost & Sullivan examines the benefits of enterprise-grade Software Asset Management solutions, and how these solutions serve as the convergence...
- LIVE EVENT: 5/7, The End of Data Protection As We Know It. Introducing a Next Generation Data Protection Architecture. Traditional backup is going away, but where does this leave end-users?
- On-demand webinar: "Mobility Mayhem: Balancing BYOD with Enterprise Security" Check out this on-demand webinar to hear Sophos senior security expert John Shier deep dive into how BYOD impacts your enterprise security strategy... All Cybercrime and Hacking White Papers | Webcasts