Telefónica’s Key Account Unit will provide Bankinter a security service for clients’ online transactions through Panda Security for Internet Transactions, a security solution specifically designed for financial entities and online payment platforms. This is a joint service that will be offered from Telefónica’s security operations center (SOC) and will complement Telefónica’s current antifraud services, which Bankinter has been enjoying for some years now (Anti-phishing service).
Bankinter is a reference point in the Spanish online banking sector, and according to its own figures, some 55.6% of its transactions are carried out online. The priority goal of Telefónica and Panda Security will be to guarantee the security of all these operations, by ensuring that clients who access Bankinter’s e-banking services are free from known malware, and in particular, from banker trojans that target this company. This type of malicious code is one of the main threats to the security of online transactions.
The service that Bankinter is contracting from Telefónica and Panda will search for active malware in the memory of users’ computers when they are about to access the bank’s online services. Specifically, it detects viruses, worms, trojans, hidden processes and other threats including, dialers, hacking tools, jokes, etc. This allows the bank to restrict access, in real-time, to certain operations if a user is infected, thereby minimizing the risk.
The contracted solution also includes the Targeted Attacks Alert Service, which enables companies in the financial sector to tackle the problem caused by Trojans designed specifically to target their company. This is a monitoring and notification service run by the PandaLabs Antifraud Surveillance Department and set up to warn clients of trojans that have been designed to target them. It feeds on the analysis of information received from millions of end users with Panda anti-malware solutions.
“Telefónica is a pioneer in services to combat online fraud, and a market leader with its anti-phishing service. The anti-spyware service, which includes the Panda Security for Internet Transactions technology, will allow us to reduce the window of opportunity for phishing attacks against our clients, as all information about online threats can be coordinated from our SOCâ€, said Juan Manuel Velasco, Assistant Director of Online Security Services Telefonica Spain Key Accounts.
“As many people are ill informed with respect to Internet fraud and theft, there is a general reticence among users to carry out transactions online. Thanks to the initiatives of companies like Bankinter, who have chosen Panda Security solutions to protect their clients, users will now feel safer when using e-banking services. The service contracted by Bankinter offers added value to its clients as it guarantees the security of their online transactionsâ€, explained MarÃa José Miranda, Country Sales Director of Panda Security in Spain.
