Sep 24, 2004 : Goodmail Debuts Anti-Fraud Product

📅 September 24, 2004 - Goodmail Systems (goodmail.com), developer of the email stamping solution Trusted-Class Email, announced on Wednesday that it had added Anti-Fraud Domain Accreditation to its Trusted-Class Email platform, in order to prevents the use of misleading domains for phishing attacks.

In the past year, 57 million US adults have received phishing emails and more than 1.4 million have fallen victim to identify theft as a result of these fraudulent emails, according to research firm Gartner. Finanacial institutions suffered an estimated $1.2 billion in direct losses this year over phishing-related fraud. The Anti-Phishing Working Group reported a 40 percent increase in phishing attacks between June and July 2004 and that 5 percent of consumers were victims of such attacks.
The Trusted-Class Email stamp digitally signs messages by secure cryptographic means and is unique to the sender, recipient, and message, ensuring that stamps cannot be successfully copied, forged, stolen or spoofed. A valid stamped message is always from an authenticated and accredited Trusted-Class Email sender. As a result, recipients quickly learn that a stamped message is from a trusted source and is safe to open.
Unlike anti-spam solutions, Goodmail's product identifies the "good" mail and offers Trusted-Class senders premium delivery of this legitimate email. Consumers receive visually distinct, stamped email that can be easily identified as authorized mail and can be held accountable for its email practices. With the addition of Anti-Fraud Domain Accreditation, legitimate volume senders, especially those in financial services who are at the highest risk of phishing attacks, will have access to an email authentication solution that protects their customers from email fraud and identity theft.