ST2 Technology partners with Trudera to hit back at the hackers and protect consumers from fraud New software aims to restore consumer trust by eliminating phishing attempts and verifying genuine companies. ST2 Technology, has partnered with innovative cybersecurity company Trudera to launch new anti-phishing and fraud technology,
GoVerify. With phishing attempts and fraud on the rise, the technology has been designed to restore trust between customers and their service providers, while simultaneously preventing fraudsters from obtaining personal and sensitive data. Where many solutions focus on verifying individuals to companies, GoVerify puts control back in the hands of consumers. The technology enables consumers to authenticate the companies and government organisations that are contacting them by verifying calls, emails, SMS/texts, letters, invoices and physical goods are genuine, without giving away any personal information. The technology also benefits enterprises by enabling a trusted communication channel to their existing and new customers in order increase engagement and increase sales opportunities.
The verification method ensures that no personal or sensitive data is disclosed as organisations generate and provide each customer with a unique TrustTag. Then, when individuals are contacted by a company, they simply input their unique TrustTag along with a key identifiable piece of information. This enables GoVerify to validate that the organisation is indeed genuine, and not a malicious person trying to steal personal data or commit fraud. In partnership with Trudera, ST2 Technology will take GoVerify to market by providing the consultation and implementation capabilities to integrate GoVerify with client or cloud-based environments.
Colin Paterson, Co-Founder and CTO at Trudera, commented: “Social engineering techniques, such as phishing, are rising exponentially and we see an inordinate number of instances where individuals receive fraudulent correspondence, usually asking for personal information. As a result, consumers are finding it harder and harder to trust who is contacting them. The cost of this is two-fold: not only is consumer confidence in their service providers diminishing, but there is also a financial implication, with companies spending millions trying to understand and know the security state of their organisation. The most worrying part of this scenario is that the fraudsters are winning. “This is precisely why we’re fighting back by providing a new way for consumers to verify that the phone calls, emails, texts and letters they receive are from genuine organisations. We’re confident that this software will enable organisations to restore trust and confidence every time they want to contact their customers. At the same time, we want to stop consumer data falling into the hands of hackers by encouraging individuals to be more diligent by verify suspicious correspondence,” Colin added.
Anne Stokes, CEO of ST2 Technology said: “GoVerify is a compelling solution that puts control back in the hands of the individual. This solution is extremely timely, especially when you consider that it’s near impossible to find someone who hasn’t received an email, call or SMS from a fraudster impersonating a company for malicious gain. We’re truly excited about this partnership and we’re encouraging organisations and individuals to adopt this technology and prevent fraudsters succeeding in their efforts.”
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For more information about GoVerify, visit: https://goverify.com/