Barclays Bank signs up to Cyota's anti-phishing service

Barclays Bank signs up to Cyota's anti-phishing service

New York security software vendor Cyota has signed the UK's Barclays Bank to its anti-phishing service, FraudAction.

The bank launched a pilot of the FraudAction service earlier this year and is now extending the programme and moving into full production.

Cyota's service is designed to help financial firms detect and manage e-mail scams and phishing attacks. The service includes real-time alert and detection systems to help banks to identify an attack as soon it takes place and take immediate action.

A risk and severity assessment module provides information and analysis regarding the severity of the attack and how to respond effectively, while a "taking action" module utilises Cyota's 24x7 anti-fraud command centre and acts on behalf of the bank in order to shut down spoofed sites and contact ISPs.

Commenting on the roll out of the service, Stuart Mackenzie, fraud senior portfolio manager, Barclays, says the bank decided to take pro-active measures against the phishing problem: "Cyota's financial fraud and phishing specialists work round the clock on our behalf before, during and after a phishing incident."

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