AUTONOMY'S AUNGATE DIVISION LAUNCHES WORLD'S FIRST ANTI-PHISHING SOLUTION
November 8 2004, Cambridge, England - Autonomy Corporation plc (NASDAQ: AUTN; LSE: AU.), today announces that its Aungate division, which specializes in compliance, litigation and risk technology, has launched an anti-phishing module for its compliance solution. The new Phishing Detection Module will be used by banks and other financial services institutions to detect and prevent malicious attempts to defraud customers using online banking services.
The Aungate Phishing Detection Module detects phishing attempts by monitoring text, picture and broadcast content, automatically understanding the content and cross-referencing a range of Internet sources in order to alert the enterprise in real-time of fraudulent attempts to extort money. Aungate's existing spam solution has proven its ability to deal with the problem of spam effectively; the new module adds automatic phishing detection to this core feature set.
Phishing is increasingly used to prey on vulnerable computer users who use online banking facilities and extort their money. These scams come in a variety of forms and are evolving regularly, such as e-mails that provide a link to a fraudulent sites, inviting the recipient to enter personal details. It also poses a serious risk to large financial institutions by seriously compromising the credibility of their security precautions.
According to Butler Group, the incidence of phishing attacks has grown by 4,000% since last year. Due to collaboration between hackers and organised crime attacks are becoming much more sophisticated. This means it has become far more difficult for everyday computer users to distinguish between the Web site of their own bank, and something that has been put together by a phishing attacker.
Ian Black, Managing Director of Aungate said "The phishing problem is serious. These attacks strike against the credibility of on-line trading as a whole - users of electronic banking and trading systems need to be certain their personal and financial details cannot be compromised in this way. It is important for us all to be able to understand what actions can and are being taken to counteract the phishing threat. Aungate has automated the process of threat detection to enable spoof web sites to be removed quickly before users are duped into revealing personal financial details which may lead to substantial losses."
The Phishing Detection Module builds on Aungate's core technology - the Autonomy Intelligent Data Operating Layer (IDOL) - which enables organizations to monitor a wide range of digital sources in real-time and form an understanding of their content in order to alert genuine enterprise to potentially devastating phishing attacks.
About Autonomy
Autonomy Corporation plc (NASDAQ: AUTN; LSE: AU.) is a global leader in infrastructure software for the enterprise. Autonomy's technology powers applications dependent upon unstructured information including call center, customer relationship management, knowledge management, enterprise portals, enterprise resource planning, online publishing and security applications. Autonomy's customer base includes more than 1,000 global companies including BAE Systems, Ford, Ericsson, Royal Sun Alliance, Sun Microsystems and public sector agencies including the U.S. Department of Defense, NASA and the U.S. Department of Energy. Strategic reseller and OEM partners include leading companies such as ATG, BEA, Business Objects, Citrix, Computer Associates, EDS, IBM Global Services, Novell, Novient, Veritas, Vignette, Supportsoft and Sybase. The company has offices worldwide.
The Autonomy Group of companies includes: Aungate, a leading supplier of electronic communications management technology for regulatory compliance in the enterprise; Audentify, a leading supplier of next-generation contact center technology; and Virage, a leading provider of rich media communication and content management software.
Caution Concerning Forward-Looking Statements
With the exception of historical information, the matters set forth in this news release are forward-looking statements that involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. These factors include, among others, technology risks, including dependence on core technology; fluctuations in quarterly results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel; rapid expansion; growth of the Internet; financial risk management; and future growth subject to risks. These factors and other factors, which could cause actual results to differ materially are also discussed in the company's filings with the United States Securities and Exchange Commission, including Autonomy's Annual Report on Form 20-F and Registration Statements on Form F-1.
For more information, please contact:
Charlotte Herbert
Autonomy Corporation plc
+44 (0) 1223 448 000
charlotteh@autonomy.com
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