Banks worldwide have been targeted by cybercriminals. According to estimates by the Aite Group, an independent research and advisory firm, as many as 25 million unique strains of malware were released in 2011. And the annual production of malware is expected to increase to 87 million by the end of 2015.
With these sobering statistics in mind, banks around the globe are looking for the best protection available. Now, one of the largest institutions of its kind looks to ThreatMetrix™ for answers to its online security challenges.
Providing customized banking and finance solutions to businesses in all phases of food and agribusiness for well over a century, Rabobank operates in 47 countries and serves more than nine million customers through 1,600 plus offices and branches. Now Rabobank Australia and New Zealand, a member of the Rabobank Group, has chosen TrustDefender Client™ to secure its Internet banking channel.
After a comprehensive review of third-party offerings, Rabobank opted for TrustDefender Client to protect its business customers and give them greater security while conducting online transactions on the bank’s Website.
As a small client component installed on end-user computers, TrustDefender Client eliminates the risk of hidden malware compromising authenticated sessions to steal data, identities or money.
“I’m a strong supporter of the Internet banking channel for our rural clients, many of whom are located in remote parts of Australia and New Zealand,” said Alister Bennett, head of product management and development, Rabobank Australia and New Zealand. “We use two-factor authentication with a physical token for our Internet banking customers, which gave us confidence that we were interacting with legitimate clients online. We also wanted to assure our clients’ online sessions were protected to a higher degree, which is why we turned to ThreatMetrix.”
New clients who participate in Rabobank’s Internet channel receive a two-factor authentication token and a communication on the availability of TrustDefender Client. When customers log into Rabobank, they also get a splash screen telling them about malware risks and how TrustDefender Client can help protect them.
“Since we started offering TrustDefender Client as a free download, we’ve seen client uptake to over 80 percent,” said Bennett. “Our clients trust us and look to us for guidance. Many clients have been very thankful of our technical expertise in helping them prevent malware and other cyberattacks.”