First Cyber Security and Phatware join hands to fight internet fraud.
UK-based internet security technology company First Cyber Security has teamed up with software provider Phatware to develop a technology that will fight against internet fraud. Their joint venture named Heracles Research, would deliver their first product by using First Cyber Security’s core technology which will verify all URl’s in each email message received and filter the ones containing links to fraudlent websites.
The working of the software is described below:
1. Heracles software will filter spam mails from the e-mails that reach the company.
2. It will then scan the remaining e-mails by visiting every link contained in the e-mail and check if the URLs lead the user to a genuine or dangerous site.
3. It will report back to the e-mail, adding a validation report, or alternatively rejecting it if it contains a fraudulent link.
President of Phatware: Stanislav Miasnikov, said: “We are excited to form this new joint venture and deliver email security software based on the technology developed by First Cyber Security while utilising PhatWare’s expertise in software development for desktop and mobile platforms.”
The first beta version of the software will be available in two versions: Client-side for MS Outlook 2007 or later and Server-side for MS Outlook 2007.

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