LONDON, December 9, 2010 /PRNewswire/ -- International financial services provider, Rabobank, has stepped up their protection against online fraud and increasing levels of phishing attacks. It will tackle the issue with RiskShield from INFORM GmbH and will monitor payment transactions and internet banking sessions with a coherent systematic approach.

Online fraud has long been part of the landscape of internet banking in the UK and USA, but the Netherlands has remained relatively untouched. However, that landscape is changing. Following its first serious online attack in the Netherlands, Rabobank has acted quickly to ensure online banking will remain safe. The bank wanted to monitor and protect its internet banking site and cut the number of false positive incidents to enable it to enhance its customer service.

"Cyber criminals are constantly evolving and fraud and phishing techniques are becoming more advanced," explains the Head of the Fraud department at Rabobank. "At peak times Rabobank needs a solution that can deal with a substantial amount of transactions per second so speed and stability are key to the success of this solution. We looked at approximately 20 different products before selecting RiskShield from INFORM and feel confident that this solution will meet our expectations and enhance our position as a safe and trustworthy bank to do online business with."

RiskShield is an agile piece of software that is able to carry out many different functions simultaneously. It is currently used to protect more than 145 million cards against fraud in payments and prevents fraud with credit cards and debit cards. The RiskShield solution for banks is designed to tackle potential fraud in payment transactions and virtual channels, such as internet banking. Several detection systems work together to give the bank's fraud specialist staff a complete overview of what is happening and a greater ability to trace and ultimately stop a fraudulent payment if necessary.

"The volume of transactions for a major European bank amounts to millions per day and we understood from the outset that a stable system was going to be key for Rabobank. What we have implemented at Rabobank provides a high level of self sufficiency," adds Dr Andreas Meyer, Director of the Risk & Fraud Division at INFORM.

"In this system the two processes of transaction and virtual channel monitoring have been brought together. This will give Rabobank a more complete picture and enable specialist staff to spot most fraud as it happens in real-time and to block fraudulent payments within the bank."

For all press information please contact Amy Stevens +44(0)118-988-2992

SOURCE: Rabobank International

CONTACT: For all press information please contact Amy Stevens +44(0)118-988-2992