Press Release
Vault Solutions & Services offers
Phishing / Pharming monitoring
FOR IMMEDIATE RELEASE
SAN JOSE, CA – October 9, 2006 – Vault Solutions & Services, announced today that they are now offering phishing / pharming monitoring.
Phishing is the act of sending an e-mail to a user, falsely claiming to be an established legitimate financial institution in an attempt to scam the user into surrendering private information that will be used for identity theft. The e-mail directs the user to visit a web site that appears to be the financial institution’s site (Pharming). Once there, the user is asked to update personal information, such as username, password, credit card, social security and bank account numbers, that the legitimate financial institution already has. The web site however, is bogus and set up only to steal the user’s information. By spamming large groups of people, the “phisher” counts on the e-mail being read by a percentage of people who actually are a member of the financial institution.
Vault Solutions & Services recognizes that phishing is a growing problem for all financial institutions. The unique phishing / pharming monitoring and scanning will help detect fraudulent sites immediately and allows a quick response to these attacks. It enables credit unions to be proactive in fighting this latest assault on their users’ personal information. As an additional service, Vault Solutions & Services can also rapidly respond to phishing attacks, acting quickly to shut down sites and minimize damage.
About Vault Solutions & Services
Vault Solutions & Services is a leading provider of technology for the credit union industry. Vault Solutions & Services offers full-service web solutions including web hosting, web development and web design. The focus is on helping credit unions meet their client’s needs with solutions specifically developed based on client feedback.