- News & Events
June 26, 2013
Gartner, which maintains a policy of not endorsing vendors, placed ThreatMetrix™ in the “Visionaries” quadrant of its “Magic Quadrant for Web Fraud Detection.”
In a report authored by Avivah Litan and Peter Firstbrook, Gartner describes a Visionary company’s products as being “easy to implement and use, and have achieved very good results in reducing online fraud for their clients using SaaS-based models. All (Visionary companies) have in common innovative research and development, a good understanding of their markets and solid categories that poise them for healthy growth, assuming they can grow their sales and revenue while maintaining market responsiveness and good customer service.”
“We believe recognition in the ‘Visionaries’ quadrant serves as a validation of our continued expertise in cybersecurity,” said Reed Taussig, president and CEO, ThreatMetrix. “As the threat environment constantly evolves, we continue to successfully protect many of the world’s leading e-commerce, financial service and other brands from account takeover, identity spoofing and payment fraud.”
According to Gartner, “the Web fraud detection market grew more than 48% in 2012 as interest expanded across sectors and countries.” Taussig explains that 2012 was also an exponential growth year for ThreatMetrix with that growth continuing unabated into 2013.
ThreatMetrix’s success is due in some measure to:
• Scalability: Transaction volumes grew 500 percent year-over-year in 2012. Each month, ThreatMetrix analyzes more than 350 million Website transactions and login access attempts across 1,500 global customers and 9,000 websites. The company anticipates reaching more than 500 million monthly transactions and login attempts in the coming months.
• Innovation: ThreatMetrix was granted two new patents by the United States Patent Office in 2012 to enhance cybercrime detection and prevention. Ongoing product innovations include the TrustDefender™ Cybercrime Protection Platform, the ThreatMetrix™ Global Trust Intelligence Network, and behavioral analysis via the ThreatMetrix Persona ID Rules. These innovations were complemented by the successful 2012 acquisition and integration of TrustDefender™, a leader in secure browsing technology which stops Man-in-the-Browser (MitB) attacks and prevents malware attacks.
ThreatMetrix demonstrated both its ability to scale and to innovate with the introduction of a Global Trust Intelligence Network (The Network), the most comprehensive information repository for screening prior transactions, site visitors, and authenticating customers as well as remote-access employees. Without compromising privacy or convenience, The Network is the first Big Data intelligence network that provides insight into positive and negative behavior and threat data for both devices and online personas. And, using collaborative intelligence from thousands of Websites and transactions, ThreatMetrix also offers the first and only real-time screen of online visitors.
The Network enables ThreatMetrix to uncover telltale signs of cybercriminals and hackers as well as devices infected with malware. ThreatMetrix also detects virtual private networks (VPN), Man-in-the-Browser (MitB) attacks, phishing, bots and automated attacks. And, with the information stored in The Network, companies avoid expensive, intrusive authentication for authentic visitors. However, if a visitor has spoofed browser settings, used a proxy to hide his/her true location, has a past history of high risk behavior across other network transactions or is associated with an abnormal number of personas, The Network can flag that visitor for additional scrutiny and authentication.
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 9,000 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, Bank Fraud, CNP fraud, Cookieless Device Identification, Cookies, Credit Card Fraud, Cyber attacks, Device Detection, Device Fingerprint, Fraud Prevention, Identity theft, Malware, Malware Protection, MitB, Mobile fraud, Online Fraud, PII, ThreatMetrix, ThreatMetrix Cybercrime Index, ThreatMetrix Global Trust Intelligence Network, ThreatMetrix Web Fraud Map, TrustDefender Cybercrime Protection Platform, Web Fraud