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Posted September 22, 2011
Alisdair Faulkner, ThreatMetrix Chief Products Officer, to Speak on Device Identification as Part of a Layered Security Strategy and Best Practices in Fraud Detection and Prevention
LOS ALTOS, CA. – September 23, 2011 – ThreatMetrix™, the fastest growing provider of fraud prevention solutions that do not require personally identifiable information (PII), today announced that its chief products officer, Alisdair Faulkner, will be speaking alongside other industry thought leaders in a September 29 webinar on “FFIEC Guidance: How to Use Layered Security to Fight Fraud.” The webinar is hosted by BankInfoSecurity and co-sponsored by ThreatMetrix, LexisNexis Risk Solutions and Attachmate Corporation.
Faulkner will be joined by Matthew Speare, senior vice president of information technology at M & T Bank Corporation, who will discuss how his institution has tackled the layered security strategy in all aspects of electronic banking. Other webinar presenters and co-sponsoring companies include Michael Smith, fraud market planning lead of LexisNexis Risk Solutions, and Mark Benoit, security specialist at Attachmate Corporation.
In response to heightened incidents of fraud against banking institutions and customers, the Federal Financial Institutions Examination Council (FFIEC) recently released a supplement to its “Authentication in an Internet Banking Environment” guidance, which was first issued by the FFIEC in October 2005.
“In my presentation, I will demonstrate how our fraud prevention platform is the most cost effective first perimeter of defense for banking institutions and e-commerce companies in their daily fight against online fraud,” said Faulkner. “The ThreatMetrix™ Cloud-Based Fraud Prevention Platform provides banking and financial institutions with smart device identification — complex device identification — and contextual risk scoring that fully complies with the specific layered customer authentication security program recommendations spelled out by the FFIEC.”
WHAT: Webinar participants will learn:
• The types of layered security controls prescribed by the FFIEC, and what examiners will be looking for from institutions starting in January 2012.
• Tips from banking institutions that are already deploying layered controls, such as knowledge-based authentication, device identification, behavioral monitoring, anomaly detection and cross-channel pattern analysis.
• Emerging technologies that will enable banks to more efficiently and effectively know their customers, improve fraud detection and create layered protection across all maintenance activities and customer devices.
WHEN: 1 p.m. EDT, Thursday, September 29, 2011
WHERE: Register online at BankInfoSecurity
WHY: Participants will receive a:
• 90-minute presentation on layered security controls and how to conform with the FFIEC Authentication Guidance
• Printable copy of the presentation and reference materials ($99 value) delivered to all attendees before the workshop
• Certificate which may be used towards obtaining continuing professional education (CPE) credits.
WHO: The webinar is designed for chief information officers, chief operations officers, chief information security officers, chief compliance officers and managers, directors and C-level executives of information security, fraud and risk.
• Solution Brief: ThreatMetrix™ Cloud-Based Fraud Prevention
• Whitepaper: “Is Your Device ID Ready for the FFIEC?”
• Demo: ThreatMetrix SmartID™ Demo
ThreatMetrix®, The Digital Identity Company®, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 20 billion annual transactions supporting 30,000 websites and 4,000 customers globally through the ThreatMetrix Digital Identity Network®, ThreatMetrix secures businesses and end users against account takeover, payment fraud and fraudulent account registrations resulting from malware and data breaches. Key benefits include an improved customer experience, reduced friction, revenue gain and lower fraud and operational costs. The ThreatMetrix solution is deployed across a variety of industries, including financial services, e-commerce, payments and lending, media, government and insurance.