Product: PerilScope
Company: InternetPerils Inc.

Phishing is the hunt for digital information. Phishers seek out the "1's" and "0's" that comprise an individual's personal and financial history. The bait? The stolen brands of banks, credit card companies and Internet merchants that phishers use to counterfeit Web sites.

The sites draw consumers in, tricking them into supplying personal information including Social Security and bank account numbers and online passwords.

A 2004 report by the Gartner Group found that in 2003 alone, about 57 million people were victims of phishing scams, which resulted in $1.2 billion in losses to financial institutions.

InternetPerils Inc., specializing in Internet business risk management, announced its PerilScope visualization technology, a tool that tracks and identifies phishing Web sites and their supporting domains.

InternetPerils locates the computer networks and individual machines that are used for fraud and other illegal online activities, often before such acts are committed. The PerilScope technology incorporates research data from Corillian Corp., Websense Inc. and the Anti-Phishing Working Group (APWG), an organization that tracks Internet scams.

PerilScope is able to "visualize" the servers used in phishing scams. Essentially an online radar system, it finds the illegal servers for technical and legal eradication.

This is a valuable tool for banks, card Associations, Internet merchants, ISPs and government agencies to use in understanding and preventing phishing attacks. To see the latest PerilScope visualization of Phishing scams, visit www.internetperils.com . To read the APWG report, visit www.internetperils.com/tech/conferences/apwg2005-1/index.php .

InternetPerils Inc.
512-272-8506
www.internetperils.com