Phishing Attack Detection, Elimination Service For CUs Available Through CUNA, Perimeter Alliance

July 18, 2006

FOR IMMEDIATE RELEASE
Contact:
Katye Long, CUNA Communications
(608) 231-4038
klong@cuna.com

MADISON, Wis. – With phishing attacks increasing at a rate of 24 percent each month, credit unions have a new resource that will quickly discover and shut down these attacks and false Web sites through the strategic alliance between CUNA and Perimeter Internetworking.

CounterPhish - an anti-phishing incident response service designed to rapidly detect and stop phishing attacks - is Perimeter’s newest product included in the managed network security services offerings for credit unions. The service operates on a 24/7 basis, averages a three-hour take down time for fake sites, and can address attacks in 15 languages.

When an attack has been launched, credit unions are quickly notified and provided with a well-defined incident management process for employees and clients to easily follow. The service begins submitting false data to the phishing site as part of a dilution process to decrease the amount of legitimate responses from the credit union’s customers and minimize damage. The attack is quickly traced and the Internet Service Provider or hosting provider is contacted to have the site shut down. Once a site has been shut down, the service continues to monitor the site for any changes, and provides a disk to the credit union with all of the data forensic information from the attack once the incident is closed.

The credit union is also offered the option to set up live “dummy” accounts for the purpose of tracking the attacker’s movements. When the phisher uses any part of the false identity the information can be captured to show more about the attackers as well as what they do with this information.

“The financial services industry is the most targeted industry sector for phishing attacks, accounting for more than 90 percent of all attacks last March, according to the Anti-Phishing Working Group,” said Wes Millar, senior vice president of Strategic Services for CUNA. “This new offering will save credit unions time and resources, and help protect them from substantial loss.”

“The corporate identity of any institution is fundamental to conducting business online,” says Brad Miller, CEO of Perimeter Internetworking. “We offer CounterPhish to help credit unions easily respond to phishing attacks in order to protect their brand and their members.”

CounterPhish is priced and delivered on per annum or per incident basis and the client does not need additional hardware, software, or in-house technical support. For more information, visit , and click on the Perimeter Internetworking link, or contact Deb Bergenske, associate product manager for CUNA at (800) 356-9655, ext. 4340, or by e-mail at dbergenske@cuna.coop.

CUNA Strategic Services, owned jointly by Credit Union National Association (CUNA) and the state leagues, provides credit unions with access to high quality products, services and technologies delivered with a competitive advantage made possible through volume pricing and strategic program development. CUNA serves more than 90 percent of America’s 9,000 credit unions, which are owned by more than 88 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit strategicservices.cuna.org.

About Perimeter Internetworking
Perimeter Internetworking is the leading provider of on-demand managed security services and the pioneer of multi-threat security-in-the-cloud services. Perimeter offers over 50 managed network security services including Intrusion Defense, Malicious Code Defense, Secure Email Services, Secure Access, Automated Compliance, and Network Services. Perimeter's unique centralized architecture offers best-in-class, pre-integrated technology with complete redundancy and continuous upgrades, complemented with a 24/7 engineering staff of trained subject-matter experts. Perimeter ranked 9th on The Connecticut Technology Fast 50 in 2005 and 5th in 2004. In addition Perimeter ranked 121 on the Deloitte Technology Fast 500 and has been profitable for the last four years. Headquartered in Milford, Conn., with four geographically distributed technical operations centers and three redundant datacenters, Perimeter's secure network services are validated by TruSecure and guaranteed for current and future regulatory compliance. For more information, visit www.perimeterusa.com.

Copyright © 2008 - Credit Union National Association, Inc.