"Both eBay and PayPal have worked hard to build a community where its customers can make safe transactions. They partnered with Cloudmark and its Cloudmark Desktop solution, and can now deliver a system that not only protects customers from fraud before it reaches them, but goes a step further to protect their brand by ensuring the message is really from PayPal. Cloudmark Desktop helps strengthen trust in e-commerce and the hope is that other e-commerce companies and financial institutions will follow suit."
Leading e-commerce vendor PayPal, chose Cloudmark to protect its community. Cloudmark provides PayPal with free protection from phishing emails, thereby raising consumer confidence in e-commerce transactions.
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FTVentures, backed by 38 of the largest financial institutions in the world, also recently invested in Cloudmark.
Phishing is a huge threat to online banking. 85% of phishing attacks in December 2004 were directed at banks, financial institutions and their customers. Phishing compromises messaging security by hijacking a user's online identity and eroding trust and brand equity. Additionally, phishing attacks result in significant costs for banks and their consumers.
Cloudmark focuses on providing comprehensive technology and intelligence to protect the broadest base of banks and consumers against phishing attacks. Cloudmark's products and services include: