- News & Events
May 29, 2013
The ThreatMetrix™ Global Trust Intelligence Network, (the Network) is the first ever to provide a window into device and online persona negative behavior and threat data through more than 400 billion data points — all without compromising customer privacy or convenience.
The Network is the most comprehensive information repository available anywhere for screening prior transactions, site visitors, and customer and remote employee-access authentications. In all, each month The Network analyzes some 350 million Website transactions and login access attempts across 1500 global customers and 9000 Websites.
“The ThreatMetrix Global Trust Intelligence Network offers superior capabilities that cannot be found in traditional reputation and security systems,” said Alisdair Faulkner, chief products officer, ThreatMetrix. “By analyzing the context and insights of prior visitor behavior and how they relate to incoming transactions, a superior risk assessment is generated. This can only be done by combining a 360-degree view of a device and anonymized persona information, relationships, associations, prior behavior and real-time threat information. This approach allows ThreatMetrix to uncover telltale signs of fraudsters and hackers, including devices infected with malware, virtual private network (VPN) detection, Man-in-the-Browser (MitB) detection, phishing detection, bots and automated attacks.”
Many company Websites create problems for their customers and employees with out-of-band authentication and requests for all kinds of personal information. By contrast, companies using The Network avoid these hassles. However, The Network flags any visitor who spoofed browser settings, used a proxy to hide his/her true location, had a history of high risk behavior across other network transactions or been associated with an abnormal number of personas.
“Web fraud is the new spam problem of this decade, except it is more profitable and far more lethal to revenues, brands, business continuity and national security,” continued Faulkner. “Instead of drowning underneath the weight of big data, ThreatMetrix customers can automatically pinpoint Web fraud and compromised users, while reducing friction for trustworthy visitors. That’s the power of collaborative filtering using anonymized intelligence from tens of thousands of websites and billions of interactions.”
In response to cyberthreats to federal power grids, financial institutions and air traffic control systems, the president signed an Executive Order (“Improving Critical Infrastructure Cybersecurity”) urging that critical infrastructure meet the standards and procedures necessary to address these cyberrisks. ThreatMetrix’s The Network, with its collective repository of data monitoring to prevent cybercrime, is exactly the type of protection the president is calling for.
“The key takeaway from Obama’s Executive Order is that a collective threat, such as the threat to our nation’s infrastructure, requires a collective and orchestrated response,” said Faulkner. “The Network addresses the need for increased cybersecurity measures outlined in the Executive Order. We screen each visitor interaction for risks, stopping potential cybercriminals in their tracks before they have a chance to attack. Without a layered approach to cybercrime prevention in place, government infrastructure and other agencies are at risk of debilitating attacks on national economic security or national public health and safety.”
ThreatMetrix is the fastest-growing provider of integrated web fraud and cybersecurity solutions. The TrustDefender™ Cybercrime Protection Platform helps companies prevent unauthorized access to web and mobile applications, protect sensitive data, and secure transactions against account takeover, payment fraud, identity spoofing, malware, and data breaches. ThreatMetrix protects more than 1,500 customers and 8,500 websites across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government, and insurance. For more information, visit www.threatmetrix.com or call 1-408-200-5755.
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Posted by Dan Rampe
Tags: Account Takeover, Account Takeover Fraud, Bots and Automated Attacks, CNP fraud, Cookieless Device Identification, Credit Card Fraud, Cyber attacks, Device Detection, Device Fingerprint, Device ID, Fraud Prevention, Identity theft, Improving Critical Infrastructure Cybersecurity, Malware Protection, MitB, Mobile fraud, Online Fraud, Out-of-Band Authentication, Phishing Detection, PII, ThreatMetrix, ThreatMetrix Global Trust Intelligence Network, TrustDefender Cybercrime Protection Platform, Web Fraud