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White Paper: Corporate Ignorance Of Phishing May Prove Catastrophic

New Red Condor white paper examines the damage to corporate economics and reputation in the event of a phishing attack

Rohnert Park, Calif. – July 15, 2010 – In a new white paper addressing the mounting phishing problem, Red Condor asks the question, “What is the cost of corporate ignorance?” Recent widely publicized cyber attacks and industry research suggest that companies and their executives have ignored the phishing problem or even scoffed at the notion that phishing poses threats on par with traditional methods of corporate espionage. Red Condor’s paper suggests that companies must make security a part of everything they do and develop their products and services with a primary consideration on protecting their corporate data and customers’ information. When they fail to do so, the results can be catastrophic. Visit RedCondor.com to download “Phishing for Disaster: the Cost of Corporate Ignorance.”

“All it takes is one careless or lazy individual to click on a link or download an attachment in an email to give scammers the access they need to steal usernames, passwords and other sensitive information,” said Dr. Tom Steding, CEO of Red Condor. “In order to stop phishing, corporate executives and email users must grasp the size and scope of the phishing problem and then change their behavior.”

Takeaways from the Red Condor white paper include:

How is phishing the next vector for corporate espionage?

What can happen to a company’s or bank’s reputation in the event of a spear phishing attack?

When developing products or services, what should be priority one?

Who or what should take the lead in terms of information security?

* In addition to new technologies, what else needs to change in order to stop phishing attacks? * Where do criminals go to maximize the profit potential of phishing scams? * What are the responsibilities of company executives when it comes to protecting employees and customers?

The entire white paper, “Phishing for Disaster: the Cost of Corporate Ignorance,” can be downloaded for free from Red Condor’s online Resources section under White Papers at http://www.redcondor.com/resources/whitepapers/0710.phishing-white-paper.pdf.

About Red Condor

Red Condor’s highly accurate email filter Vx Technology™ hybrid architecture and fully managed appliances lead to a dramatic reduction in the cost of owning a premium spam filter. With email security solutions for small-to-medium businesses, as well as for ISPs with millions of email inboxes, Red Condor is rapidly gaining market share. The company’s email security system has built-in zero tolerance for lost email, and a near zero false-positive rate, with spam block rates that exceed 99%. Red Condor Archive is a secure message archiving service with lifetime retention and unlimited storage. The company's award-winning technology is backed 24/7 by a team of human email security experts monitoring for the latest email threats. For more information, visit www.redcondor.com.

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