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With its theme of “Strength in Numbers,” the sold out Third Annual Cybercrime Prevention Summit held in Lake Tahoe, California, emphasized a collective approach to battling sophisticated cybercriminals.
Two hundred fifty industry leaders in the fraud and security space heard ThreatMetrix CEO Reed Taussig chart the company’s transformation from a device ID company to one emphasizing a global trust intelligence network as a new paradigm for fighting cybercrime.
“The third annual summit offered attendees, including ThreatMetrix employees, customers and industry thought leaders, the opportunity to network, learn about cybersecurity industry trends and hear from several prominent speakers,” said
Bert Rankin, vice president of marketing, ThreatMetrix. “As cybercrime risks show no signs of slowing down, we have evolved in recent years to protect our growing global customer base through a collective approach to cybercrime prevention. We are making major investments over the next several years to create a true global policy engine that’s processed across ThreatMetrix, and we are sending that value back to the most important members of our team – our customers.”
With the introduction of the ThreatMetrix™ Global Trust Intelligence Network (The Network), ThreatMetrix is able to provide customers with insights into positive and negative behavior and threat intelligence for both devices and online personas. To that end, each month, The Network screens more than 500 million site visitors, across more than 1,900 customers and 9,000 websites using predictive analytics to differentiate between good and bad personas.
ThreatMetrix had primarily been a device identification company serving as a first line of defense for identifying cybercriminals who attempted to hide their true identities. While device identification remains an important element in any cybersecurity strategy, organizations – including banking, e-commerce, insurance, enterprise, social networks and government – require a collective approach that goes above and beyond device identification. In short, these organizations require a comprehensive global trust intelligence network made up of device identification characteristics, user and persona profiles, past behavior, detected relationships and threat assessments.
Through continued innovation, including the launch of The Network and the ThreatMetrix™ Summer 2013 Release, ThreatMetrix, which is positioned for sustained growth, continues to protect a rapidly expanding global customer base from sophisticated cybercriminals.
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 1,900 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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