IIT Madras, Polaris Software and IndusInd Bank launch INTELLECT PRIVACY Internet Banking Security Card
Built on State-of-the-Art Technology, now Live at IndusInd Bank
CHENNAI, India, February 22, 2010 – Polaris Software Lab Limited (POLS.BO), a leading Financial Technology
Company, launched Intellect(TM) PRIVACY based on state-of-the-art technology
and four patents filed by the Indian Institute of Technology Madras. IndusInd
Bank has become the first bank in India to implement Intellect(TM) PRIVACY,
an online and internet banking security card, for its internet banking
customers.
Experts estimate worldwide losses incurred by banks annually
due to phishing at more than 10 billion US Dollars . The technology will
protect customers and banks from practically all kinds of phishing attacks,
viz. deceptive e-mail, key/screen logger, brute force/dictionary attacks and
Trojans, etc.