Panda Security and Telefonica Provide Bankinter With Solution to Safeguard Online Banking Transactions

Online Service Detects Active Malware In Memory on Users' Computers; Allows Bank to Reduce Risks by Restricting Access to Certain Operations in Real-time GLENDALE, Calif., March 5 /PRNewswire/ -- Panda Security, a leadingglobal provider of IT security solutions, today announced that it isworking with Telefonica to provide Bankinter, a leading bank in Spain, asecurity service for its clients' online transactions. The service willutilize Panda Security for Internet Transactions, a security solutionspecifically designed to protect financial entities and e-payment platformsagainst online fraud. This is a joint service that will be offered fromTelefonica's security operations center (SOC) and will complementTelefonica's current anti-phishing services, which Bankinter has used forseveral years. Bankinter is a leader in the Spanish online banking sector, andaccording to its own figures, 55.6 percent of the company's transactionsare carried out online. Telefonica's and Panda Security's primary goal willbe to guarantee the security of all online operations, by ensuring thatclients who access Bankinter's e-banking services are free from knownmalware and, in particular, from targeted banker Trojan attacks. This typeof malicious code poses one of the main threats to the security of onlinetransactions. The solution that Bankinter is using from Telefonica and Panda Securitywill search for active malware in the memory of users' computers when theyare about to access the bank's online services. Specifically, it detectsviruses, worms, Trojans, hidden processes and other threats such asdialers, hacking tools, and jokes. This allows the bank to restrict access,in real-time, to certain operations if a user is infected, therebyminimizing the risk. The solution also includes the Targeted Attacks Alert Service, whichenables companies in the financial sector to tackle the problem caused byTrojans designed specifically to target their business. This monitoring andnotification service is run by the PandaLabs Antifraud SurveillanceDepartment and set up to warn clients of Trojans that have been designed totarget them. It leverages the analysis of information received frommillions of installed end-users of Panda Security anti-malware solutions. "Telefonica is a pioneer in services to combat online fraud, and amarket leader with its anti-phishing service," said Juan Manuel Velasco,assistant director of Online Security Services Telefonica Spain KeyAccounts. "The anti- spyware service, which includes the Panda Security forInternet Transactions technology, will allow us to reduce the window ofopportunity for phishing attacks against our clients, as all informationabout online threats can be coordinated from our SOC." "As many people are ill-informed with respect to Internet fraud andtheft, there is a general reticence among users to carry out transactionsonline," said Maria Jose Miranda, country sales director of Panda Security."Thanks to the initiatives of companies like Bankinter, who have chosenPanda Security solutions to protect their clients, users will now feelsafer when using e- banking services. The service contracted by Bankinteroffers added value to its clients as it guarantees the security of theironline transactions." With this solution, Bankinter will bolster its security strategy, a keyfactor in the banking sector, by offering clients added value through asolution that brings together all existing malware programs. About Panda Security Panda Security is one of the world's leading IT security providers,with millions of clients across more than 200 countries and productsavailable in 23 languages. Its mission is to develop and provide globalsolutions to keep clients' IT resources free from the damage inflicted byviruses and other computer threats, at the lowest possible total cost ofownership. Panda Security proposes a new security model, designed to offer arobust solution to the latest cyber-crime techniques. This is manifest inthe performance of the company's technology and products, with detectionratios well above average market standards and most importantly, providinggreater security for its clients. For more information and evaluationversions of all Panda Security solutions, visit our website at:http://www.pandasecurity.com.