BankAnnapolis Selects Trusteer to Secure Online Banking Channel from Fraud and Theft

Trusteer, the leading provider of endpoint cybercrime prevention solutions, today announced that BankAnnapolis, a subsidiary of Annapolis Bancorp, Inc. (NASDAQ: ANNB), has selected Trusteer Rapport for Online Banking to protect both commercial and consumer accounts from malware and phishing attacks that target end user devices used to access online accounts and perform ACH transactions.

Click to Tweet: @Trusteer protects BankAnnapolis customers from #onlinebankingfraud http://bit.ly/TcC3Bd

“We began looking at deploying endpoint security as part of our compliance efforts with the new FFIEC Guidance,” said Patsy J. Houck, Senior Vice President, Operations and Branch Administration for BankAnnapolis.

“We chose Trusteer Rapport for Online Banking because it allows us to secure the connection for online banking and ACH transactions. Regardless of the security on the customer device, Trusteer can help in the prevention of account takeover fraud,” she added.

“Trusteer also gives us visibility into infected machines. Once installed, Trusteer Rapport can detect and remove malware infections. This allows us to require customers that were infected to change their credentials, as an additional precaution. Furthermore, Trusteer Intelligence provides us with continuous updates on emerging threats so we can quickly implement countermeasures within our IT infrastructure,” she concluded.

Founded 22 years ago, BankAnnapolis is a federally insured community bank with nearly $440 million in assets. The bank provides commercial and retail banking through eight offices in Maryland. FIS banking and payments technologies are deployed by the bank for its online banking and ACH payments services.

Trusteer Rapport

Cybercriminals are using advanced malware that performs key logging, Man in the Middle, and Man in the Browser attacks to bypass existing fraud prevention controls, including hardware-based devices, two-factor authentication, and one-time passwords. Trusteer’s unique architecture is being used by hundreds of banks to successfully fight account takeover and credential theft. Trusteer Rapport is a key component of this architecture, providing anti-malware protection, blocking and disinfection of PC and Mac devices. Trusteer Rapport combines endpoint protection with real-time threat intelligence gathered from millions of endpoints around the world.

“Compromised endpoints pose significant risk to both the financial institution and the customer, which prompted the FFIEC to update its guidance for online banking security last year,” said Yishay Yovel, vice president of marketing for Trusteer. “Trusteer Rapport for Online Banking not only protects banking sessions when a machine is infected, but also disinfects the device and alerts the bank. This feedback mechanism enables institutions like BankAnnapolis to take additional steps to block attacks that are targeting their brand and customers.”

About Trusteer

Boston-based Trusteer is the leading provider of endpoint cybercrime prevention solutions that protect organizations against financial fraud and data breaches. Hundreds of organizations and millions of individuals use Trusteer to protect online banking and enterprise applications accessed using BYOD (personal and unmanaged devices) against advanced, targeted attacks. Trusteer’s Cybercrime Prevention Architecture combines multi-layer security software with real-time threat intelligence to achieve sustainable protection against malware, phishing and spear-phishing attacks and meet regulatory compliance requirements. Global organizations such as HSBC, Santander, The Royal Bank of Scotland, SunTrust and Fifth Third use Trusteer’s solutions, while leading online banking providers such as First Data, Harland Financial Solutions, Intuit and S1 integrate with Trusteer to provide world-class protection for financial institutions of all sizes. Trusteer is on the web at www.trusteer.com.