Kaspersky Lab, the largest endpoint protection firm, recently presented its latest platform Kaspersky Fraud Prevention during the Mobile World Congress 2014 in Barcelona, Spain. Designed to protect electronic payments made from computers and mobile devices, the solution is targeted at financial institution and e-commerce companies.
According to a study carried out by B2B International and Kaspersky Lab, 98% of consumers use online banking or online shopping services, and 38% do it on their mobile devices. The global penetration of electronic payments has made electronic money robbery a profitable business for criminals. The same study revealed that over the last 12 months of 2013, 62% of users had found cyber-threats that had targeted their accounts.
Current techniques (temporary passwords, SMS confirmations, tokens, single-use password generators) used by Banks and e-payment systems to protect their clients become obsolete quite rapidly. This is the reason why the market needs innovating solutions to ensure safe transactions.
The new platform Kaspersky Fraud Prevention incorporates tools capable of protecting online transactions in several devices, server solutions for the detection of fraud operations during the e-payment process, and a set of additional services.
Kaspersky Fraud Prevention’s client applications work on devices running on Microsoft Windows and Apple OS X, as well as Google Android and mobile devices based on Apple’s iOS. These applications, encompassed under the global name Kaspersky Fraud Prevention for Endpoints, are designed to protect users’ devices from financial cyber-threats aimed at specific operating systems.
Source: Kaspersky Lab