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Trend Micro fights identity theft

New software is designed to simplify, secure the log-in process for multiple online user accounts

Trend Micro fights identity theft
Trend Micro has developed a new online tool designed to fight the growing menace of identity theft.

Trend Micro has developed a new online tool designed to fight the growing menace of identity theft by simplifying and securing the log-in process for users no matter how many different accounts they manage online.

According to recent research from CIFAS, the UK Fraud Protection Service, more than half of all fraud in the UK is internet-based. Identity theft can result in fraud costing government, financial institutions and users millions of dollars a year.

According to Trend Micro, identity thieves are able to hack into accounts and gain access to personal user information much more easily  if passwords are simple to guess, or if users use default or easy to guess passwords and frequently re-use them for multiple sites and across multiple devices. 

The rise in keylogging malware has led to an increase in the threat of ID fraud. Cyber-criminals use this malware to capture passwords as they are typed in by users in order to break into accounts.

Trend Micro's DirectPass is designed to manage all passwords and login IDs in one secure location, automatically filling personal information into web forms.

The software is designed to offer online security by protecting users from a broad range of network, keylogging and Trojan-based attacks, while blocking malicious browser plug-ins that can compromise system security. 

The software features cloud synchronisation technology that allows users to access sensitive sites from virtually any device across a number of mobile operating platforms.

DirectPass is designed to monitor thousands of web sites to assess multi-layer login patterns and keep client software safe from the latest threats, automatically generates secure passwords that users don't have to remember, and securely stores confidential data related to an online account, along with any other confidential text data.

"There is always the chance that someone can get hold of your information without you knowing", said Rik Ferguson, director of Security Research and Communication at Trend Micro. "DirectPass offers consumers an extra layer of security against ID fraud when accessing sensitive online sites such as banks while removing the headache of juggling multiple passwords."

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