A leading provider of email deliverability solutions, BoxSentry, announced today that it has signed an agreement with an anti-phishing security services company, Internet Identity, to address the rapidly growing incidence of online fraud in Asia and the Middle East. Internet Identity is the only anti-phishing solutions company focused entirely on rapid and effective phishing site detection, reporting, and deactivation. BoxSentry is Internet Identity's first major, multi-regional international partner, and aims to offer holistic email security and anti-phishing services to customers in its target markets across Asia and the Middle East.

    "According to Gartner, US$3.2 billion was lost as a result of phishing in 2007 in the United States alone. With Asia's online population rapidly increasing, the global figure could easily be twice that in just a matter of years. The financial services industry has to deal with declining customer confidence and trust in online communications. Phishing is criminal activity and clearly the criminals are currently winning the battle. With Internet Identity, BoxSentry is now able to offer solutions that will instill greater confidence and Internet security, not just for the financial services industry, but also for other phishing targets like the retail industry, internet service providers, and governments," he added. "BoxSentry views Internet Identity's solutions as having a great deal of synergy with our existing security-related solutions. We are delighted to be able to partner with one of the world leaders in Anti-Phishing", emphasizes Manish Goel, CEO of BoxSentry.

    The financial services industry continues to be the most targeted industry sector for phishing. November 2007 saw the highest number of hijacked brands ever recorded in a single month, according to a recent report by the Anti-Phishing Working Group (APWG). The report also found that out of the top ten phishing sites hosting countries, four are in Asia. Asian countries account for over 40% of the world's phishing websites.

    BoxSentry offers email protection services through RealMail®, its flagship email deliverability solution that protects legitimate email, and restores confidence in email as an effective and reliable business communications channel. Internet Identity's anti-phishing solution, Powershark, provides early detection and rapid-response deactivation of phishing sites. In addition, the solution finds and blocks new phishing sites and deactivates them, while preventing domain-based phishing.