A plotline in bad (okay really bad) movies, books and TV is the one about the uncharted South Sea island where one person each year is honored by being sacrificed to the volcano god. Kind of an extreme form of taking your boss out to lunch on his/her birthday. Anyway, for a full year before being tossed into the volcano…er…happily jumping in… the sacrificee* is treated to every pleasure the island can provide. *FYI the added “e” was intentional. Sacrifice with perks The job description…

For the second time in as many years, ThreatMetrix has been named as one of the AlwaysOn Global 250 Top Private Companies in the “B2B Cloud and Infrastructure” category. Created by Red Herring founding editor, Tony Perkins, AlwaysOn connects the entrepreneurial community with information about events, sponsors, participants and more. Now, the AlwaysOn editorial team, venture capital partners and industry experts have selected their 2014 list of top companies based on innovation, market potential, commercialization, stakeholder value and media buzz. In short, these are the…

Cyberthieves Target Every Business Any Size All the Time At the height of the subprime banking crisis, some companies were bailed out by the government because they were deemed “too big to fail.” Conversely, in the world of cybercrime, as a timesleader.com story points out (link to article), no company is too small to victimize. Every business is at risk A partial list from California’s attorney general shows the range and types of small businesses at risk — wine shops, dentist offices, colleges, gay and…

More than Enough Material to Merit a Special Report, “Defending the Digital Frontier” by the Legendary British Journal, The Economist If your Economics 101 class was anything like the ones many of us had to endure, just the word, “economist”, is enough to have you racing to the closest Starbucks for a double Venti. Fortunately, The Economist’s report is a lot livelier than that economics class back in the day — likely one of the reasons the publication’s been around since 1843. Anyway, The Economist’s…

The Cloud Identity Summit 2014 Runs from July 19-22 at the Monterey Conference Center in Monterey, California ThreatMetrix is a Silver Sponsor of this year’s Cloud Identity Summit, the largest annual event of its kind designed to bring together the world’s top identity and security industry experts. Workshops The Summit features workshops that serve as a roadmap for deploying solutions for the ever-changing and evolving identity landscape. Workshops will cover: Identity management for today’s enterprise The Internet of Things Identity management for the masses And…

BBA Report Has Brits Spending Close to £1 Billion (1.5 billion USD) per Day Using Mobile and Online Devices The accounting firm, EY, and British Bankers Association (BBA) report, “The Way We Bank Now: It’s in Your Hands,” (link to report) notes that millions of UK customers use contactless cards (pocket-sized cards with embedded chips for processing and storing data), payment by mobile and SMS balance alerts. And, this year, in the UK, more than 15,000 people each day will be downloading banking apps. Highlights…

“Who steals my purse steals trash…But he that filches from me my good name… makes me poor indeed.” — Othello Act 3, scene 3 Don’t believe money is the least of the problems identity theft causes? Okay, so maybe neither do we. But, Bob Sullivan on bobsullivan.net makes a good case for damage done by ID theft that’s not directly related to money. However, somewhere down the road, the bottom line is almost invariably the bottom line for the victim who’s stuck with a financial…

Security Innovation Network (SINET) Innovation Summit 2014 July 17 at The Times Center in New York City Wall Street, Silicon Valley and the Beltway will all be represented at SINET emphasizing the importance of industry, government and academia working together in close cooperation to further cybersecurity research. ThreatMetrix CEO, Reed Taussig will take part in the panel, “The Emerging Trends in Cyber Fraud and How to Defend Against It,” which addresses: The impact organized cybercrime has on the economy Where those threats originate The potential…

The ThreatMetrix® Cybercime Threat Map gives you the lowdown on where the bad guys are operating everywhere in the world — in real time. The Cybercrime Threat Map is a live stream of fraud attempts collected from ThreatMetrix’s Global Trust Intelligence Network highlighting the origin of account takeover attempts, payment fraud and identity spoofing attempts. Watching the map change in front of your eyes as the attack reports come in is fascinating — and chilling. The numbers are staggering. A piece by Jeremy Bender on…

“One of the Hottest Companies in Silicon Valley” Says Lead411 Lead411, which provides information, news, and research about U.S. companies and their executives, named ThreatMetrix, a leader in context-based security and advanced fraud protection, to its 2014 “Hottest Companies in Silicon Valley” list. From 3,479 companies to just 71 Starting with 3479 companies in the software, wireless, Internet, hardware and media industries, Lead411 eliminated all but 71, which didn’t meet its criteria of being privately held and either doubling revenue over the past two years…

Florida Enacts New Breach Notification Law Increasing Reporting Obligations and Liability Joining other states which have recently strengthened their data security laws, Florida has enacted a law requiring written notice to the Department of Legal Affairs if more than 500 Florida residents are affected by a breach as well as notifying the individuals affected within 30 days. Additionally, companies must offer written proof to the Department of Legal Affairs when a breach has not resulted in or isn’t likely to result in identity theft or…

New Poll: 78 Percent Anxious about Breaches. 63 Percent Fear Negative Publicity. Less than 10 Percent Worry about Sales or Stock Prices. A poll of senior corporate security leaders by Courion, an identity access management vendor, reveals some startling insights into how they view their jobs and responsibilities and how they view the jobs and responsibilities of others in the organization. The following, which has been edited to fit our format, comes from Tony Kontzer’s piece on baselinemag.com. You may find his complete article by…

ThreatMetrix Is Network Products Guide (NPG) Hot Companies and Best Product Award Winner in Two Categories The ThreatMetrix TrustDefender™ Cybercrime Protection Platform wins in the “Best Products and Services – Information Security and Risk Management” category and also in the “Best Products and Services – Security Software” category. NPG awards for IT achievements NPG’s Hot Companies and Best Product Awards recognize achievements in every part of the IT industry: organizational performance, products and services, hot technologies, executives and management teams, successful deployments, product management and…

Who’s responsible for the breaches that permit cybercriminals to rip off consumers’ data — Banks? Retailers? Credit/debit card issuers? Why not ask consumers? Which is exactly what Brunswick Group, a business communications firm, did in their online survey of 750 U.S. consumers, “Main Street vs. Wall Street: Who is to Blame for Data Breaches?” Retailers The survey found that consumers blame retailers for not doing enough to protect customer information. More troubling for retailers is what the survey says consumers are doing about it: “heading…

Cybercriminals can make big bucks. That is if they don’t go to jail. Stopping cybercriminals also pays well. And there’s no jail. Now this would be the perfect place for a snarky remark – except we work with some of the finest cybersecurity pros on the planet and may need them to pick up a lunch tab now and then. Anyway… Seth Fitzgerald notes in his piece on toptechnews.com (Link to article) that as “the costs associated with data leaks continue to rise, large organizations…