SOURCE: Silver Tail Systems

Silver Tail Systems

January 05, 2010 16:59 ET

Silver Tail Wins "Best of Show" at Finovate 2009

Launch of Mitigation Product Lauded by Financial Institutions

PALO ALTO, CA--(Marketwire - January 5, 2010) - Today Silver Tail Systems announced it has been selected "Best of Show" at this year's Finovate conference. Finovate, held in New York City, showcases the best new financial and banking technology innovations. "Best of Show" was chosen from 32 presenting companies by the more than 300 attendees including financial services firms, analysts, and press.

Laura Mather, PhD, Silver Tail's Founder and VP of Product Marketing, demonstrated Silver Tail's new product Mitigation stopping online criminals perpetrating a Man in the Browser attack in real-time with zero impact to legitimate users.

"We are thrilled to be recognized by the experts at the Finovate conference for the amazing products that our team has built and to have this endorsement," said Dr. Mather. "This award for Silver Tail illustrates the challenges financial institutions face in fighting online criminals."

Silver Tail also won "Best of Show" at the April 2009 FinovateStartUp conference, was number two in Bank Technology News' "Top Ten Companies to Watch," was named to Bank Technology News' "Future Now" list, and was chosen at a top innovator at the SC Magazine Innovators Throwdown.

"This award from Finovate provides further endorsement of our technical solutions and clearly shows a new path forward for financial services," said Mike Eynon, Silver Tail's President and CTO. "It is possible to put an end to expensive after-the-fact investigations, that allow customers to be victimized by Zeus and other Man in the Browser banking Trojans, and ineffective risk management solutions based on insufficient real-time threat visibility. This win has already motivated many in financial services to partner with us to address these issues."

About Silver Tail Systems

Silver Tail Systems provides next generation fraud prevention to protect against business logic abuse -- a rising threat costing financial institutions hundreds of millions of dollars and significant loss of trust. Silver Tail products use real-time behavior analysis to detect and alert on known threats and new behaviors like Man in the Browser and Zeus, then enable the business to disrupt these attacks in real-time. Founded by fraud prevention experts from eBay and PayPal, Silver Tail significantly reduces online fraud losses, protects your institution and increases customer trust.

Contact Information