Procera Networks Joins the Anti-Phishing Working Group
(Marketwire Via Acquire Media NewsEdge) FREMONT, CA -- (Marketwired) -- 10/22/13 --
Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, announced today it has joined the Anti-Phishing Working Group (APWG), a worldwide consortium comprised of financial institutions, retailers, internet service providers, telecommunications companies and law enforcement agencies working to unify the global response to internet cybercrime through the development of data resources, data standards, model response systems and protocols for the private and public sectors.
As internet phishing schemes continue to grow in depth and sophistication, carriers and ISPs are increasingly compelled to proactively protect their subscribers from fraudulent activity. The deeply granular real-time analytics provided by Procera's ContentLogic and PacketLogic� solutions enable service providers to act on fraud reported through the APWG's cybercrime event clearinghouses, shortening customer support response times and expediting fraud reporting to fellow APWG members worldwide.
Procera incorporates red-flagged offenders and their URLs into its ContentLogic solution, which is capable of correlating the categories of content consumed by broadband and mobile subscribers for up to 100 million URLs with minimal performance impact to any of the PacketLogic Real-Time Enforcement (PRE) systems. ContentLogic determines the categories of content being accessed by a given network's subscribers and compares that to daily updated lists of domains known for hosting fraudulent activities, filtering phishing and fraud bait while performing the network policy enforcement that protects end-users from catastrophe.
"Network operators feel the pressure to protect subscribers from fraud now more than ever. The unfortunate reality is that online phishing and cybercrime are a profitable, full-time black market industry," said Ed Page, director of Product Management at Procera. "Operators increasingly see Procera as a key enabler for protecting their customers from fraud as criminals' methods become more intricate and difficult to detect on competing policy enforcement systems."
"Protecting the public from cybercrime is of the utmost importance to the APWG," said Peter Cassidy, secretary general and co-founder of the APWG. "Through our members' cooperation with each other and with organizations involved on all levels of internet crime prevention, the APWG has made a significant impact on curbing online crime. The APWG welcomes Procera Networks and looks forward to the company's valuable ongoing contributions to the group," Mr. Cassidy added.
Founded in 2003, the APWG includes over 2,000 companies and agencies worldwide including governance bodies like ICANN; treaty organizations such as the United Nations and Council of Europe's Convention on Cybercrime; as well as multinational internet companies such as Yahoo!, eBay, Google, and Microsoft. For more information, visit www.APWG.org.
About the APWGThe APWG, founded in 2003 as the Anti-Phishing Working Group, is the global industry, law enforcement, and government coalition focused on unifying the global response to electronic crime. Membership is open to qualified financial institutions, online retailers, ISPs and Telcos, the law enforcement community, solutions providers, multi-lateral treaty organizations, research centers, trade associations and government agencies. There are more than 2,000 companies, government agencies and NGOs participating in the APWG worldwide. The APWG's www.apwg.org and education.apwg.org websites offer the public, industry and government agencies practical information about phishing and electronically mediated fraud as well as pointers to pragmatic technical solutions that provide immediate protection. The APWG is co-founder and co-manager of the Stop. Think. Connect. Messaging Convention, the global online safety public awareness collaborative www.stopthinkconnect.org and founder/curator of the eCrime Researchers Summit, the world's only peer-reviewed conference dedicated specifically to electronic crime studies www.ecrimeresearch.org.
About Procera Networks, Inc. Procera Networks Inc. (NASDAQ: PKT) delivers Internet Intelligence solutions designed for carriers, service providers and enterprises worldwide. Procera's PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet connected devices. Network operators deploy Procera's technology to enable real-time visibility, superior performance and scalability, and deliver personalized services for millions of enterprises and consumers. For more information, visit www.proceranetworks.com or follow Procera on twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements, including statements relating to the ability of the products and solutions provided by Procera Networks, Inc. to meet the requirements of advanced communications networks and achieve ongoing customer acceptance for its products. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of our products; our ability to service and upgrade our products; lengthy sales cycles and lab and field trial delays by service providers; our dependence on a limited product line; our dependence on key employees; our ability to compete in our industry with companies that are significantly larger and have greater resources; our ability to protect our intellectual property rights in a global market; our ability to manufacture product quickly enough to meet potential demand; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Procera Networks' business are set forth in our Form 10-K filed for the year ended December 31, 2012 and in subsequent filings. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
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