ThreatMetrix Named to the 2014 AlwaysOn Global 250 Top Private Companies List

Posted on July 22nd, 2014 by Dan Rampe

The AlwaysOn Editorial Team and Industry Experts Identified the Most Innovative Private Technology Companies for the Distinguished Annual List

San Jose, CA – July 22, 2014 – ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, today announced it has been named to the AlwaysOn Global 250 Top Private Companies List in the “B2B Cloud and Infrastructure” category for the second year in a row.

The AlwaysOn editorial team, along with venture capital partners and industry experts selected the list based on the following criteria: innovation, market potential, commercialization, stakeholder value and media buzz. The top 250 companies represent leadership in global innovation, developing software and hardware solutions that are ushering in a new era of global prosperity.

“We’re honored to be selected amongst a talented group of companies making a promise to innovate and disrupt in the B2B arena,” said Reed Taussig, CEO, ThreatMetrix. “Our fraud and security solutions build off of the ThreatMetrix® Global Trust Intelligence Network (The Network), the most complete repository of device identification, threat assessments, identity and behavioral intelligence , which enables our customers – some of the world’s largest brands in e-commerce, financial services and other industries – to easily and accurately protect against fraudsters, while maintaining a positive user experience for trusted customers.”

ThreatMetrix’s continued innovation was recently demonstrated when the company announced its integration with Ping Identity’s PingFederate® identity bridge. The integration of ThreatMetrix and PingFederate leverages context-based authentication and single sign-on, enabling enterprises to deliver secure, frictionless access to their business productivity applications for all users. ThreatMetrix also recently secured a $20 million round of Series E financing, which serves as further validation of the company’s continued efforts to build innovative technologies and stay one step ahead of today’s sophisticated cybercriminals.

The winners will be honored July 29-30 at the Silicon Valley Innovation Summit in Mountain View, Calif.

For a full list of winners, visit http://aonetwork.com/blogs/Announcing-the-2014-AlwaysOn-Global-250-Top-Private-Companies.

In addition to AlwaysOn’s award, ThreatMetrix has received a host of other awards so far this year:

  • Named to the 2014 Lead411 Hottest Companies in Silicon Valley list
  • Products Guide (NPG) 2014 Hot Companies and Best Product Award Winner for the “Best Products and Services – Information Security and Risk Management” category and also in the “Best Products and Services – Security Software” category.
  • Judges Choice for Best Overall Fraud/Security Solution at the 2014 CardNotPresent.com (CNP) Awards for the ThreatMetrix TrustDefender Cybercrime Protection Platform
  • A 2014 Info Security Products Guide Global Excellence Award for Most Innovative Company of the Year (Security)
  • 2014 Cyber Defense Magazine Award Winner in 2 Categories: Most Innovative Anti-Malware Appliances Solution & Best Product Network Access Control Solution

ThreatMetrix Resources

About ThreatMetrix

ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

About AlwaysOn

AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor, Tony Perkins in 2003, AlwaysOn’s mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.

© 2014 ThreatMetrix. All rights reserved. ThreatMetrix, TrustDefender ID, TrustDefender Cloud, TrustDefender Mobile, TrustDefender Client, the TrustDefender Cybercrime Protection Platform, ThreatMetrix Labs, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contacts
Dan Rampe
ThreatMetrix
Tel: 408-200-5716
Email: drampe@threatmetrix.com

Beth Kempton
WalkerSands Communications
Tel: 312.241.11178
Email: beth.kempton@walkersands.com

 

 

 

No Such Thing as Small Fry in Cyberspace

Posted on July 21st, 2014 by Dan Rampe

Cybercrime

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 lesbian community centers, dog tag makers, sporting goods stores. So, who goes around targeting these businesses? Just about every kind of cybermiscreant you can think of: hackers; thieves who rip off office computers; disgruntled vendors who use stolen data to slander businesses or poach employees; ex-employees with an axe to grind.

Case in point

“80sTees.com of Pennsylvania discovered…someone believed to be a former high-ranking employee accessed the identities of customers all over the country. The retro shirt seller stopped accepting credit cards for four months, launched a new website and blocked all employees from accessing clients’ financial information.” You can imagine the resources in time and money this small company had to expend to put things right.

The cost of a small company breach

And, according to the National Small Business Association, 44 percent of respondents to a survey last year had been victims of at least one cyberattack, with an average $8,699.48 cost for each breach.

ThreatMetrix® builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

ProPay® Launches TSYS Guardian CyberShield in Partnership with ThreatMetrix® to Provide Advanced Fraud Prevention Solutions

Posted on July 15th, 2014 by Dan Rampe

Comprehensive Platform Accurately Differentiates Legitimate Customers from Fraudsters in Real Time

Lehi, Utah, and Columbus, Ga., July 15, 2014ProPay®, a TSYS® company, announced today a partnership with ThreatMetrix® to provide advanced fraud prevention solutions to its customers. Through this partnership, ProPay customers can have access to state-of-the-art tools to help protect them against cybercriminals. The solution — a cloud-based, real-time identity verification tool — helps validate returning customers and prospects, while protecting a wide range of transactions, including account creation, login authentication, and payment authorization.

TSYS Guardian CyberShieldSM, powered by ThreatMetrix, effectively differentiates between legitimate customers and potential fraudsters by leveraging the rich data and analytics in the ThreatMetrix® Global Trust Intelligence Network (The Network). This provides TSYS Guardian Cybershield access to the largest trusted identity network of shared intelligence, and provides insight into positive and negative behavior and threat intelligence ─ for both online personas and devices ─ using trust-based authentication. The Network sees more than 500 million monthly transactions, and protects more than 160 million active user accounts, 2,500 customers and 10,000 websites.

The Network empowers businesses to analyze the digital personas of website visitors in real time ─ including their previous online behaviors and transactions ─ before authorizing an online transaction. By doing so, TSYS Guardian Cybershield helps businesses reduce friction and arduous screening for legitimate returning online customers, while stopping cybercriminals in their tracks.

“We’re pleased to begin offering our customers more sophisticated fraud prevention and detection tools,” said Greg Pesci, president of ProPay. “The TSYS Guardian CyberShield, powered by ThreatMetrix, is just another example of our desire to provide a suite of payment solutions that allows our customers to focus on running their businesses while protecting against fraudsters.”

“While many businesses are challenged with determining whether or not an online transaction, account login or other activity is fraudulent, The Network provides TSYS Guardian CyberShield the capability to identify high-risk transactions in real time without disrupting the online experience of trusted customers,” said Bert Rankin, chief marketing officer of ThreatMetrix. “We’re thrilled to partner with TSYS and ProPay to provide the most comprehensive fraud prevention solution on the market to a growing customer base.”

About ProPay

Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete end-to-end payment security solutions designed to significantly reduce the client organization’s risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit www.propay.com or call 888.227.9856.

About TSYS

At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief “People-Centered Payments®.” By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.

TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2013 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.

About ThreatMetrix

ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission-critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrixblog, Facebook, LinkedIn, and Twitter pages.

 

 

Believe It or Not. Money May Be the Least of the Hassles Caused by ID Theft.

Posted on July 11th, 2014 by Dan Rampe

Identity Theft

“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 mess to clean up. And, even the process of cleaning up the mess costs time…and usually money.

In any case, Sullivan points out some surprising ways that ID theft hurts. The following has been edited to fit our format. You may find Sullivan’s complete article by clicking on this link.

1. Hurt Your Job Prospects

Many employers now routinely look at credit history when assessing job candidates. (About half, according to a 2012 study by the Society for Human Resource Management.) A report pockmarked by ID theft-related errors could sink your application. [Posting] your resume online or on job boards can also increase your chances of becoming an identity theft victim.

2. Cause Your Auto Insurance Rates to Rise

Virtually all auto insurers use credit scores to set rates, wherever it’s legal (California and Massachusetts ban the practice). A low score can hike premiums by 20% to 50%.  Insurers can’t outright reject you because of your credit score without telling you, but they can use the score to offer you higher rates without giving you an explanation.

3. Get You a Surprise Tax Bill

One form of ID theft known as SSN-only ID theft involves using a victim’s Social Security number in job applications, generally to fulfill government residency status requirements…. [If] the impostor ultimately fails to pay taxes, the Internal Revenue Service will try to collect from the rightful holder of the SSN.

4. Impact Your Social Security Income Credits

[Earnings] erroneously credited to an SSN can cause chaos when the rightful SSN holder tries to apply for benefits.

5. Slow Down Your Tax Refund

The Treasury Department’s inspector general says 1.6 million taxpayers were impacted by identity theft in the first six months of 2013….The IRS has massively stepped up its anti-ID theft efforts, and turned up its fraud filters, which means it has slowed down returns for many legitimate taxpayers.

6. Leave You with a Criminal Record/Get You Arrested

If a criminal is arrested and uses your name or your stolen driver’s license during booking, you could end up with a criminal record. Innocent people have been arrested during routine traffic stops and in front of their children, and some have even been thrown in jail for murder allegations.  The problem became so serious at one point that several states created a special document called an “Identity Theft Passport” to be carried by victims to prevent a wrongful erroneous arrest.

7. Kill You (Virtually)

July Rivers of Alabama … wanted to open [a bank] account. The bank refused… According to its information, she was dead. Soon, she found she was unable to get credit anywhere for the same reason…. A living, breathing human being could not convince financial institutions that she was alive. They trusted their databases instead…. Eventually she learned an ID thief was using her information and apparently decided that registering himself/herself as dead was the best way to run away from creditors. Rivers had to spend years cleaning up the mess. The Social Security Administration wrongly declares about 14,000 people dead every year.

8. Get You the Wrong Treatment at a Hospital

Doctors can create fake patients and file fake claims, for example. One such victim discovered falsified claims for psychiatric sessions when he applied for a job, according to the World Privacy Forum…. [Creation] of a [phony] medical record [may impact a] victim’s future treatment. Ponemon surveyed victims, who said…they’d experienced a misdiagnosis, (15%), mistreatment (13%), delay in treatment (14%), or were prescribed the wrong drugs (11%).

9. Keep Your Kids from Getting College Financial Aid

[This] crime is usually discovered when would-be college students fill out their first financial aid forms…. [Fraudulent] earnings that end up attached to an under-aged child can have a direct impact on that student’s eligibility for financial aid, and in extreme circumstances, delay enrollment in college.

ThreatMetrix® builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

 

ThreatMetrix CEO to Speak at SINET Innovation Summit 2014

Posted on July 10th, 2014 by Dan Rampe

Reed Taussig, ThreatMetrix CEO, to Participate in a Panel on Protecting Against Emerging Trends in Cybercrime

San Jose, CA – July 10, 2014 – ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, today announced it is speaking at the Security Innovation Network (SINET) Innovation Summit 2014, July 17 at The Times Center in New York.

The SINET Innovation Summit connects America’s three most powerful epicenters – Wall Street, Silicon Valley and the Beltway – to highlight the importance of industry, government and academic collaboration on joint research initiatives. The summit is designed to reinvigorate public-private partnership efforts and increase relationships that foster the sharing of information and joint collaboration on cybersecurity research projects.

Reed Taussig, CEO at ThreatMetrix, will participate in a panel at the summit titled “The Emerging Trends in Cyber Fraud and How to Defend Against It.” The panel will address the impact organized cybercrime has on our economy, where those threats are originating and the potential impact U.S. national security, among other pressing issues. Attendees will learn strategic and tactical solutions to combat organized cybercrime.

“The scope of cybercrime these days reaches above and beyond what many people recognize and a collective approach to cybersecurity is necessary to prevent evolving threats,” said Taussig. “In addition to the risks consumers and businesses face with increased online activity, our nation’s critical infrastructure faces more severe risks than ever before as water, power and other critical utilities move online. ThreatMetrix leverages the power of our comprehensive cybercrime data repository to help protect businesses across a wide range of industries – from financial services to government agencies – in real time and I’m looking forward to sharing our approach to cybersecurity with SINET Innovation Summit attendees.”

ThreatMetrix protects its customers and with its ThreatMetrix TrustDefender™ Cybercrime Protection Platform, which combines comprehensive data collection, behavioral analytics and ThreatMetrix® Global Trust Intelligence Network (The Network) to differentiate between authentic and fraudulent activity and protect against account takeover, payment fraud, fraudulent account registration and multi-channel Web fraud.

To register for the SINET Innovation Summit, visit http://www.security-innovation.org/innovation-summit_2014.htm.

ThreatMetrix Resources

About ThreatMetrix

ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

© 2014 ThreatMetrix. All rights reserved. ThreatMetrix, TrustDefender ID, TrustDefender Cloud, TrustDefender Mobile, TrustDefender Client, the TrustDefender Cybercrime Protection Platform, ThreatMetrix Labs, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contacts
Dan Rampe
ThreatMetrix
Tel: 408-200-5716
Email: drampe@threatmetrix.com

Beth Kempton
WalkerSands Communications
Tel: 312.241.11178
Email: beth.kempton@walkersands.com

 

 

ThreatMetrix CEO Reed Taussig to Speak at SINET Innovation Summit

Posted on July 10th, 2014 by Dan Rampe

Sinewt

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 impact on national security
  • Strategic and tactical solutions to combat organized cybercrime

“The scope of cybercrime these days reaches above and beyond what many people recognize and a collective approach to cybersecurity is necessary to prevent evolving threats,” said Reed Taussig, CEO, ThreatMetrix. “In addition to the risks consumers and businesses face with increased online activity, our nation’s critical infrastructure faces more severe risks than ever before as water, power and other critical utilities move online. ThreatMetrix leverages the power of our comprehensive cybercrime data repository to help protect businesses across a wide range of industries – from financial services to government agencies – in real time and I’m looking forward to sharing our approach to cybersecurity with SINET Innovation Summit attendees.”

ThreatMetrix protects its customers with its ThreatMetrix TrustDefender™ Cybercrime Protection Platform, which combines comprehensive data collection, behavioral analytics and the ThreatMetrix® Global Trust Intelligence Network (The Network) to differentiate between authentic and fraudulent activity and protect against account takeover, payment fraud, fraudulent account registration and multi-channel Web fraud.

To register for the SINET Innovation Summit, visit http://www.security-innovation.org/innovation-summit_2014.htm.

ThreatMetrix Resources

ThreatMetrix® builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

ThreatMetrix Is on Fire!

Posted on July 8th, 2014 by Dan Rampe

411Leads Award

“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 or receiving funding of more than $5 million over that period. In March 2014 ThreatMetrix secured $20 million in Series E funding led by Adams Street Partners.

Bert Rankin, chief marketing officer

“We’re thrilled to be recognized as one of the fastest-growing software companies in Silicon Valley,” said Bert Rankin, chief marketing officer, ThreatMetrix. “Our fraud and security solutions collect valuable information and provide real-time insights to protect against account takeover, payment fraud, fraudulent account registration and multi-channel Web fraud. As cybercriminals become increasingly sophisticated, businesses must leverage a collective network to protect against online threats and our recent round of funding serves as validation of the high level of trust in our solution.”

The Network

Through the ThreatMetrix Global Trust Intelligence Network (The Network) – the world’s largest network of shared intelligence –ThreatMetrix is positioned to effectively protect businesses and individuals against cybercrime without disrupting the user experience. The Network enables businesses to share anonymized information across business boundaries to deliver the most comprehensive risk assessment in real-time.

Lead411 CEO

“This year’s Hottest Silicon Valley Award winners are stronger than ever. We expect to see large growth and ‘big things’ from this group,” said Tom Blue, Lead411 CEO.

For a full list of winners, visit http://www.lead411.com/awards/2014/silicon-valley.html.

ThreatMetrix resources

Winning award after award

In addition to Lead411’s award, ThreatMetrix has garnered a whole host of awards:

  • Products Guide (NPG) Hot Companies and Best Product Award Winner for the “Best Products and Services – Information Security and Risk Management” category and also in the “Best Products and Services – Security Software” category.
  • Judges Choice for Best Overall Fraud/Security Solution at the 2014 CardNotPresent.com (CNP) Awards for the ThreatMetrix TrustDefender Cybercrime Protection Platform
  • A 2014 Global Excellence Award for Most Innovative Company of the Year (Security)
  • 2014 Cyber Defense Magazine Award Winner in 2 Categories: Most Innovative Anti-Malware Appliances Solution & Best Product Network Access Control Solution
  • Named One of SINET’s Top 16 Cybersecurity Solution Entrepreneurial Companies.
  • Won an American Business Award Gold Stevie in the category of the “Best New Product or Service of the Year – Software – Security Solution” and a Silver Stevie for the “Most Innovative Tech Company of the Year.”
  • Named a TechNavio Top 15 Cloud Security Company
  • Gold for “Most Innovative Company of the Year” in Best in Biz Awards 2013 International
  • Named to the 2013 AlwaysOn Global 250 Top Private Companies List
  • Placed in the “Visionaries” quadrant of the “Magic Quadrant for Web Fraud Detection” by Gartner
  • Named one of the Top 15 Most Important Startups of 2013 by Business Insider
  • Named a winner in the Enterprise Product of the Year category by The Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts
  • Made the Wall Street Journal’s top 50 “Next Big Thing” list
  • Was a finalist in the Merchant Risk Council Emerging Technology Awards (METAwards) for contributions to helping e-commerce merchants fight online fraud and reduce losses in online payment transactions
  • Was a Red Herring Global 100 Winner for being one of the top hundred leading private companies in North America, Europe, and Asia

ThreatMetrix® builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

 

 

 

ThreatMetrix Named One of the Hottest Companies in Silicon Valley by Lead411

Posted on July 8th, 2014 by Dan Rampe

411Leads Award

Context-Based Security and Advanced Fraud Prevention Provider Recognized for Tremendous Annual Growth and Recent Funding

San Jose, CA – July 8, 2014 – ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, today announced it has been recognized as one of the 2014 “Hottest Companies in Silicon Valley” by Lead 411.

Lead411’s “Hottest Companies in Silicon Valley” list recognizes privately held companies in the software, wireless, Internet, hardware and media industries within Silicon Valley. Each company must have either doubled its revenue over the past two years or received more than $5 million in funding in the past two years.

This list originally started with over 1816 companies and was narrowed down to the top 87.

“We’re thrilled to be recognized as one of the fastest-growing software companies in Silicon Valley,” said Bert Rankin, chief marketing officer, ThreatMetrix. “Our fraud and security solutions collect valuable information and provide real-time insights to protect against account takeover, payment fraud, fraudulent account registration and multi-channel Web fraud. As cybercriminals become increasingly sophisticated, businesses must leverage a collective network to protect against online threats and our recent round of funding serves as validation of the high level of trust in our solution.”

In March 2014 ThreatMetrix secured $20 million in Series E funding led by Adams Street Partners. Through the ThreatMetrix® Global Trust Intelligence Network (The Network) – the world’s largest network of shared intelligence –ThreatMetrix is positioned to effectively protect businesses and individuals against cybercrime without disrupting the user experience. The Network enables businesses to share anonymized information across business boundaries to deliver the most comprehensive risk assessment in real-time.

“This year’s Hottest Silicon Valley Award winners are stronger than ever. We expect to see large growth and ‘big things’ from this group,” said Tom Blue, Lead411 CEO.

For a full list of winners, visit http://www.lead411.com/awards/2014/silicon-valley.html.

ThreatMetrix Resources

About ThreatMetrix

ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

About Lead411
Lead411 provides information, news, and research about U.S. companies and their executives. Founded in 2001, its goal has been to focus on quality corporate data that is valid and useful rather than producing as many company records as possible. In addition, Lead411 tracks company news in order to alert its customers about venture financing, new hires, hiring plans, etc. Customers include Gartner, Administaff and ADP.

© 2014 ThreatMetrix. All rights reserved. ThreatMetrix, TrustDefender ID, TrustDefender Cloud, TrustDefender Mobile, TrustDefender Client, the TrustDefender Cybercrime Protection Platform, ThreatMetrix Labs, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contacts
Dan Rampe
ThreatMetrix
Tel: 408-200-5716
Email: drampe@threatmetrix.com

Beth Kempton
WalkerSands Communications
Tel: 312.241.11178
Email: beth.kempton@walkersands.com

 

Sunshine State Puts Heat on Companies

Posted on July 7th, 2014 by Dan Rampe

Florida

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 other financial harm – though they don’t have to notify their customers.

Includes medical and healthcare info

Katie Riley, an attorney, writing on adlawaccess.com (link to article) notes the new law “revises the definition of personal information to include medical and health insurance information and an individual’s user name or email address in combination with [a] password or security question and answer.”

Third-party requirements

It also “requires that third-party agents notify a company of a breach of security within 10 days, and, although the third-party agent may provide the required notice, the company is ultimately responsible for any failure by the agent to provide proper notice.”

Penalties for violation

Violation of the law gives Florida’s attorney general the power to “bring actions for a declaratory judgment, injunction, or actual damages.

“These remedies are, in addition to the civil penalties the Department may assess, up to $500,000, for failure to comply with…notice requirements.”

ThreatMetrix® builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.

 

 

 

 

Know What IT Security Execs Really Care About?

Posted on July 1st, 2014 by Dan Rampe

IT Security

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 clicking on this link.

1. State of Worry: 78 percent of IT security leaders surveyed said they feel anxious about the potential for breaches.

2. Company Comes First: While 63 percent of security execs fear negative publicity above all, just 1 percent fear personal embarrassment.

3. But Co-Workers Do Not: More than three times as many respondents worry about getting fired (7 percent) than worry about others losing their jobs (2 percent) over a security breach.

4. Lukewarm Concern for Bottom Line: Less than 10 percent of respondents are most fearful of how breaches affect sales, and less than 3 percent worry most about the company’s stock price.

5. The Customer Really Does Come First: When addressing a breach, 59 percent said protecting customer privacy should be the primary goal, while only 3 percent favor protecting employees

6. The Brand Is the Company: Protecting a company’s brand integrity during a breach response is the top goal of 28 percent of respondents

7. Education and Communication: Nearly half of respondents said that educating users more effectively and getting better at communicating and enforcing company policies are top security priorities for 2014.

8. Managing Access: Two in five respondents said their top security priority for 2014 is to improve management of user access, external threats and third-party access

9. Leadership Lapse: 95 percent said their security teams assign a great deal of seriousness to breaches, but they’re not so “bullish” on executive management, boards of directors and departmental managers.

10. Lackadaisical Employees: More respondents believe customers (58 percent) assign more seriousness to breaches than employees (45 percent) do.

11. Little Faith in Legislators: 60 percent believe law enforcement officials assign a great deal of seriousness to breaches, but they have much less faith in federal (34 percent) and state (29 percent) politicians.

ThreatMetrix® builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.

The ThreatMetrix solution is deployed 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.

Join the cybersecurity conversation by visiting the ThreatMetrix blogFacebookLinkedIn and Twitter pages.