- News & Events
March 8, 2013
ThreatMetrix CTO Will Highlight How Companies Need to View Fraud and Security in One Integrated Context
San Jose, CA – March 8, 2013 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, today announced that it is speaking and exhibiting at the e-Crime and Information Security Congress, March 12 – 13, Victoria Park Plaza Hotel, London.
The e-Crime Congress is designed to meet the needs of key stakeholder and decision makers who are responsible for designing and coordinating information security and risk management strategy, safeguarding digital assets and sensitive information, protecting customers, defending against internal or external threats, and responding to incidents.
“Cybercriminals are constantly adapting and evolving in more sophisticated, automated and targeted attacks,” said Andreas Baumhof, chief technology officer, ThreatMetrix. “The detection of fraudulent transactions isn’t as simple as it was years ago, and enterprises need to adapt and view fraud and security in one integrated context. Take a malware-infected computer as an example. Trying to determine whether a transaction from this device is good or bad – without taking into account the malware infection itself – is really difficult. On the other hand, if you know that the device is infected, the assessment is very straightforward. Implementing a cybersecurity system that can leverage infected devices in the context of a transaction across more than 1,500 customers is immensely effective. Our customers see a significant uplift in detection capabilities.”
Baumhof will lead two education seminars from 10:10 – 10:45 a.m. and 12:40 – 1:25 p.m. GMT on March 12. The session is titled “Real-World Fraud Evasion Techniques and How Combining Security and Fraud Can Close the Gaps for Cybercriminals,” and attendees will learn:
• A hands-on session with real world data and live demonstrations.
• An examination of known fraud detection techniques (such as device fingerprinting or anomaly detection) and demonstration of how fraudsters circumvent these techniques.
• A live demonstration of a banking Trojan with the resulting transactions.
• Best practices to be prepared for the challenges any provider of Web services is either facing today or will face in the near future.
The ThreatMetrix™ Cybercrime Prevention Platform protects more than 1,500 customers and 8,500 websites from account takeover, payment fraud and fraudulent new registrations in markets including e-commerce, financial services, social networking, government, insurance and enterprise.
• ThreatMetrix Video: “Birds of a Feather: Fraud and Security”.
• Andreas Baumhof video interview by BankInfoSecurity at RSA Conference 2013, “Fraud, Security at the Crossroads”
• ThreatMetrix white paper, “Cybercrime Battle Basics: Online Account, Transaction and Malware Protection”
ThreatMetrix is the fastest-growing provider of integrated cybercrime prevention solutions. The ThreatMetrix™ Cybercrime Defender Platform helps companies protect customer data and secure transactions against fraud, malware, data breaches, as well as man-in-the browser (MitB) and Trojan attacks. The Platform consists of advanced cybersecurity technologies, including TrustDefender™ ID, which is cloud-based, real-time device identification, malware protection with TrustDefender™ Cloud and TrustDefender™ Client, as well as TrustDefender™ Mobile for smartphone applications. Recently named to the Wall Street Journal’s “Next Big Thing” listing of the top 50 start-ups in the U.S., the company serves a rapidly growing global customer base across a variety of industries, including financial services, e-commerce, payments, social networks, government, and insurance. For more information, visit www.threatmetrix.com or call +1-408-200-5755.
© 2013 ThreatMetrix. All rights reserved. ThreatMetrix, TrustDefender ID, TrustDefender Cloud, TrustDefender Mobile, TrustDefender Client, the ThreatMetrix Cybercrime Defender 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.
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