Symantec and Industry Leaders Launch an Antifraud Community With Unprecedented Reach

Symantec and Industry Leaders Launch an Antifraud Community With Unprecedented Reach

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.”

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