TraceSecurity Launches New Cybersecurity Product to Put an End to Fraud, Phishing, and Ransomware Attacks

PhinPoint: The Anti-Phishing Intelligence Platform

News provided by

TraceSecurity

Oct 15, 2018, 14:36 ET

BATON ROUGE, La., Oct. 15, 2018 /PRNewswire/ -- TraceSecurity, LLC, a leading provider of cybersecurity and compliance solutions, announced today a new product called PhinPoint. PhinPoint is a product that will review, identify, and alert users of potential phishing and fraud attacks.

Nearly 90% of data breaches begin with a targeted email phishing attack. Hackers have become increasingly more effective at delivering these emails and bypassing traditional anti-malware and anti-spam solutions, including tactics like CEO fraud, business email compromise, or ransomware.

PhinPoint stops users from engaging with malicious emails and puts an end to them falling for fraud, ransomware or other phishing attacks. This is not another phishing simulation product. Instead, this is software that filters out phishing emails and alerts users of why we believe the email to be malicious. By raising the attention of what’s wrong, users will know what to be looking for and act accordingly.
PhinPoint stops users from engaging with malicious emails and puts an end to them falling for fraud, ransomware or other phishing attacks. This is not another phishing simulation product. Instead, this is software that filters out phishing emails and alerts users of why we believe the email to be malicious. By raising the attention of what’s wrong, users will know what to be looking for and act accordingly.
PhinPoint stops users from engaging with malicious emails and puts an end to them falling for fraud, ransomware or other phishing attacks. This is not another phishing simulation product. Instead, this is software that filters out phishing emails and alerts users of why we believe the email to be malicious. By raising the attention of what’s wrong, users will know what to be looking for and act accordingly.

Users can go through all of the testing and training, but TraceSecurity has identified that there needs to be something else in place that can help identify and alert users of malicious attempts through email.

Through PhinPoint alerts, TraceSecurity hopes to help users properly examine potentially malicious emails in isolation. Alerts are displayed as a header on the email notifying the users of why we are alerting them and what to look out for. Once a user receives an alert, they are much more likely to investigate the email through implementation of security awareness best practices.

PhinPoint looks at several potential phishing indicators within emails. The product alerts users when it identifies emails that include a sense of urgency with key phrases that include topics such as passwords, transferring money, and paying invoices. PhinPoint integrates with a repository of known phishing URLS that is updated hourly to alert you of any incoming emails that match these bad URLs. The product will also alert you of spoofed senders, where phishers change their email address to match that of a trusted individual, or domain impersonation, where a phisher might purchase a domain with a slight variation from a known good domain.  

"We're trying to introduce that second pause into people when they're checking emails," said Ryan Castle, TraceSecurity Chief Operations Officer. "When you're receiving hundreds of emails a day and you're moving quickly, it's very easy to make a mistake."

TraceSecurity will be working with several managed service providers (MSPs) to sell PhinPoint as an add-on to their monthly service offerings. PhinPoint will benefit the MSP by reducing service desk costs with less tickets generated as well as introducing a new offering that can generate added monthly recurring revenue.

For more information on PhinPoint, please visit https://www.tracesecurity.com/services-software/cybersecurity-tools/phinpoint.

About TraceSecurity

TraceSecurity is a leading provider of cybersecurity and compliance solutions that help organizations of all sizes reduce the risk of cyber breaches and demonstrate compliance. TraceSecurity offers a comprehensive portfolio of solutions that allow organizations to manage their information security program and supplement it with third-party validation and testing. TraceSecurity's suite of information security services includes IT risk assessments and audits, social engineering, penetration testing, and security training. With market experience that spans over 2,500 customers, TraceSecurity offers the insight, products, professional services and partners to support the security and risk management efforts of organizations of all sizes across all industries.

SOURCE TraceSecurity

Related Links

http://www.tracesecurity.com

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