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Financial Organizations at Risk From Spyware and Malicious Web Threats Despite Existing Security Measures

Security Audit Performed by Finjan's Malicious Code Research Center Shows that Spyware Comprises Two-Thirds of Security Policy V

SAN JOSE, California, June 19 /PRNewswire/ -- Finjan Inc., the global provider of best-of-breed proactive web security solutions for businesses and organizations, warns that financial organizations are still at risk from web-borne threats, such as spyware and malicious code, despite their use of Anti-Virus and URL Filtering security solutions. A recent security audit conducted by Finjan for a major financial organization clearly showed the growing proportion of web-borne threats, which were not detected by traditional anti-virus and firewall products that were in place.

Finjan's security audit affirms that the most prevalent security threat for financial institutions is spyware. An overwhelming 67% of security policy violations recorded during this audit were related to spyware downloads, attempts to access spyware websites or attempts to access websites that hide executable spyware.

"IT security is a key priority for financial organizations, which realize the serious implications of today's web-borne threats to their business and to the integrity of their customers' private information," stated Yuval Ben-Itzhak, CTO at Finjan. "The growing phenomenon of targeted attacks, aimed at stealing identities or compromising confidential information from a particular system or computer, is nearly impossible to detect using traditional security tools. Moreover, based on their knowledge of the workings of traditional security systems such as firewalls, anti-virus and URL Filtering products, hackers are crafting malicious code and targeted attacks to outsmart such systems."

The security audit was based on live Internet traffic gathered from the browsing activities of 5,000 users, representing a small segment of the financial organization's users. Finjan's Vital Security Web Appliance scanned all content downloaded over a two-week period. The Vital Security log files were then analysed by Finjan's Malicious Code Research Center (MCRC). The findings were based on counting each content type that violated the financial institution's security policy. Out of a total of 67,916 security policy breaches, Spyware accounted for 67 percent while behavior-based violations (i.e., malicious scripts and malicious active content) constituted a further 32 percent.

Finjan's web security solutions utilize patented behaviour-based technology to proactively repel all types of web-borne threats. These appliances protect against new and unknown attacks long before traditional anti-virus companies can release a signature update or software vendors can patch their solutions. In addition, MCRC's ongoing research activities enable customers to continuously benefit from early discovery of new software vulnerabilities prior to the availability of software patches. With Finjan's web security in place, corporate users can take full advantage of the web as a business tool, increasing productivity without security worries.

Ben-Itzhak concluded: "The FBI's 2005 Computer Crime Survey revealed that about 80 per cent of organizations surveyed were affected by Spyware. Finjan's latest security audit confirms that this trend is a serious threat to which financial institutions must respond."

For additional information from live security audits performed by Finjan, please visit the MCRC section of our website (http://www.finjan.com/Content.aspx?id=573).

About MCRC

Malicious Code Research Center (MCRC) is the leading research department at Finjan, dedicated to the research and detection of security vulnerabilities in Internet and email applications as well as other popular applications. MCRC's goal is to continue to be steps ahead of hackers attempting to exploit open platforms and technologies to develop malicious code such as spyware, Trojans, phishing attacks, worm and viruses. MCRC researchers work with the world's leading software vendors to help patch their security holes, as well as contribute to the development of next generation defense tools for Finjan's proactive secure content management solutions. For more information, visit our MCRC subsite (http://www.finjan.com/SecurityLab.aspx?id=547).

About Finjan

Finjan is a global provider of best-of-breed web security solutions for businesses and organisations. Our proactive, appliance-based solutions deliver the most effective shield against web-borne threats, freeing enterprises to harness the web for maximum commercial results. Finjan's web security solutions utilise patented behaviour-based technology to proactively repel all types of threats arriving via the web, such as Spyware, Phishing, Trojans and other malicious code, securing businesses against unknown and emerging threats, as well as known malware. Finjan's security solutions have received industry awards and recognition from leading analyst houses and publications including IDC, Butler Group, SC Magazine, CRN, PCPro, ITWeek, and Information Security. With Finjan's award-winning and widely used solutions, businesses can focus on implementing web strategies to realise their full organisational and commercial potential. For more information about Finjan, please visit: http://www.finjan.com/.

(c) Copyright 1996-2006. Finjan Inc. and its affiliates and subsidiaries. All rights reserved.

All text and figures included in this publication are the exclusive property of Finjan and are for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, use or sell any part of its content in any way without the express permission in writing from Finjan. Information in this document is subject to change without notice and does not present a commitment or representation on the part of Finjan. The Finjan technology and/or products and/or software described and/or referenced to in this material are protected by registered and/or pending patents including U.S. Patents No. 6092194, 6154844, 6167520, 6480962, 6209103, 6298446, 6353892, 6804780, 6922693, 6944822, 6993662, 6965968, 7058822 and may be protected by other U.S. Patents, foreign patents, or pending applications.

Finjan, Finjan logo, Vital Security, Vulnerability Anti.dote and Window-of-Vulnerability are trademarks or registered trademarks of Finjan Inc., and/or its affiliates and subsidiaries. Sophos is a registered trademark of Sophos plc. McAfee is a registered trademark of McAfee Inc. Kaspersky is a registered trademark of Kaspersky Lab. SurfControl is a registered trademark of SurfControl plc. Secure Computing is a registered trademark of Secure Computing Corporation. Microsoft and Microsoft Office are registered trademarks of Microsoft Corporation. All other trademarks are the trademarks of their respective owners.

Media Contacts United States Europe Jan Wiedrick-Kozlowski Dawn Harnetty/Jon Angeloni Activa PR Spreckley Partners Tel. +1-585-392-7878 Tel: +44(0)207-388-9988 Email: [email protected] Email: [email protected]

Finjan Software

CONTACT: Media Contacts - United States, Jan Wiedrick-Kozlowski, Activa
PR, Tel. +1-585-392-7878, Email: [email protected]; Europe, Dawn Harnetty/Jon
Angeloni, Spreckley Partners, Tel: +44(0)207-388-9988, Email:
[email protected]

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