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Posted May 18, 2015
ThreatMetrix to Exhibit and Dr. Stephen Topliss to Take Part in Panel of eCommerce and Fraud-Prevention Experts
Addressing the challenges of card-not-present (CNP) payments, the 2015 CNP Expo is scheduled to take place May 18-21 at the Caribe Royale in Orlando, Florida. At the Expo, merchants, bankers, processors, anti-fraud software providers, legal experts, alternative payment providers, card networking professionals et al. will be able to discuss and discover how best to leverage CNP payments in a multi-channel retail sales environment.
“Constant Evolution of Fraud” panel discussion: May 19 (2:15 p.m.)
Along with executives from Backcountry.com, Tommy Bahama and Vesta, ThreatMetrix vice president services and support, Dr. Stephen Topliss will be a panelist on the “Constant Evolution of Fraud,” which addresses how fraud attack methods are continuously changing and evolving. Additionally, the panel will take up current challenges merchants face and the best ways to learn from those challenges to address advanced fraud and cybercrime threats.
Dr. Stephen Topliss on sharing threat intelligence
“Given today’s advanced cybercrime threats, the most effective way for merchants and other businesses across industries to protect themselves and their customers is by sharing threat intelligence. To enable information sharing that stays one step ahead of constantly evolving fraud, we developed the ThreatMetrix Digital Identity Network, which protects more than one billion transactions per month by leveraging global shared intelligence to safeguard online identities.”
See ThreatMetrix’s Solution Showcase. Win a GoPro HERO4 Camera
ThreatMetrix will be exhibiting at booth 415 and have a featured Solution Showcase on Wednesday, May 20 at 1:20 p.m. Attendees who stop by will have the opportunity to win a GoPro HERO4 Camera.
“ThreatMetrix Cybercrime Report: Q1 2015” points up security challenges
Recently the “ThreatMetrix Cybercrime Report: Q1 2015” revealed that the ThreatMetrix Digital Identity Network caught cybercriminals attempting approximately 25 million fraudulent transactions each month.
In the wake of high profile data breaches that put stolen credentials in the hands of cybercriminals, retailers and others who process CNP transactions face an avalanche of payment and account takeover fraud. Because many consumers use the same login credentials across websites, once one site is breached, the door is wide open for fraud attempts against multiple retailers.
Other trends detailed in the report are new in-store technologies (examples being Apple Pay and Europay-MasterCard-Visa (EMV) cards) that create new and different security challenges.