ThreatMetrix In The News

Hackers Trade Identity Data Like Baseball Cards

With major data breaches on the rise, it’s no surprise cybercriminals have access to more than enough compromised data. From a person’s payment information to their mother’s maiden name, hackers have everything they need to pose a legitimate customers and keep perpetrating fraud. In this week’s Hacker Tracker, we look at how identity information has…

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Merchants and financial institutions deal with escalating cyber attacks

Unsurprisingly, the Q3 2016 ThreatMetrix report shows a sharp increase in the number and complexity of cyber attacks. During what is traditionally a slow quarter, researchers analyzed nearly 5 billion transactions, and stopped approximately 130 million attacks in real time – a 40 percent increase over 2015.

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Mobile Transactions & Cybercrime Climb for Credit Unions

Mobile transactions represent more than half of financial services exchanges and e-commerce businesses must strike an effective balance between protecting their platform and minimizing customer friction as we head into the holiday season. Those are among the findings according to San Jose, Calif. based digital identity firm ThreatMetrix’s Q3 Cybercrime Report, based on actual cybercrime…

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Identity data is the critical currency for cyber-attacks

ThreatMetrix, a company specialized in digital identity, has released its Q3 2016 Cybercrime Report showing a great increase in the number and complexity of cyber-attacks. Key findings reveal that mobile transactions grew almost 50 % since 2015 to represent 43 % of total network traffic. Cross-border transactions are also on the rise, representing one in…

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ThreatMetrix report reveals interesting data

A new report released by cybercrime prevention company ThreatMetrix suggests most online activity is on the rise, whether that be of the positive or negative variety. ThreatMetrix analyzed nearly five billion third quarter transactions, stopping 130 million attacks in real time. That is close to a 40 percent YOY increase. Mobile transactions rose nearly 50…

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With a Sharp Rise Already in Online Fraud Attacks, Look for a Worrisome Holiday Season

If the payments industry is expecting a sharp rise in online fraud, it can stop holding its breath. It’s already happening, and with the official holiday-shopping season getting under way, it’s going to get a lot worse. Yet, just as attacks are growing more numerous, funding for firms that combat online fraud is slowing down.

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Password not accepted: are biometric checks the answer?

In a recent survey of European workers using IT in their jobs, it was suggested that they spend about 36 minutes a day on “login events”. A number that prompts the thought: they must have got lucky. Over the past decade or two of our digital lives, each of us has built up an average…

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Threatmetrix Raises $30M in Debt Financing

Fraud-protection company Threatmetrix announced on Tuesday it raised $30 million in structured debt financing from Silicon Valley Bank. Threatmetrix Chief Executive Reed Taussig said the San Jose, Calif., company wanted to strengthen its balance sheet to make sure big customers were “comfortable.” Those customers include Silicon Valley Bank itself, as well as Visa Inc., eBay…

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Why Professional Soccer Cares About Digital Fraud

There’s no question that, in today’s digital age, borders are quickly starting to disappear. It’s easier than ever for businesses (and commerce) to digitally connect, but this also presents an even larger opportunity for fraudsters to wreak havoc. In a recent digital discussion, ThreatMetrix joined Karen Webster for an in-depth look on the new world…

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ThreatMetrix enjoying strong year

Digital persona and transaction authentication company ThreatMetrix is enjoying a strong 2016 on several fronts, highlighted by growing network usage with the core e-commerce industry and accelerated market adoption in global financial services.

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