ThreatMetrix and Aite Group Announce Joint Webinar: “Implementing FFIEC Guidance: The Intersection of Fraud Prevention and Security”
Posted April 30, 2012
The Webinar Will Address How Integrated Device Identification and Malware Protection Can Mitigate Cybercrime Risks in the Banking Industry
San Jose, CA – April 30, 2012 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, today announced that it is hosting a joint webinar with the Aite Group focused on the growth of malware threats, the latest trends in fraud attacks and the benefits of integrated device identification and malware protection.
Titled “Implementing FFIEC Guidance: The Intersection of Fraud Prevention and Security,” the webinar is scheduled to take place at 10 a.m. May 10 and will feature insights from Julie McNelley, research director for the Aite Group’s Retail Banking practice, and Alisdair Faulkner, chief products officer, ThreatMetrix.
McNelley and Faulkner will discuss how fraudsters and cybercriminals are becoming more sophisticated, impersonating customers and planting malware in multi-front attacks to defraud financial institutions and their customers. Sophisticated fraud techniques include account takeover attempts, identity theft, data breaches and man-in-the-middle, man-in-the-browser, phishing, session hijacking, key-logging and other malware driven attacks.
FFIEC banking guidelines recommend that financial institutions use complex device identification, a layered security approach and effective malware protection to safeguard assets. The ThreatMetrix™ Cybercrime Defender Platform addresses all these requirements to protect the integrity of online financial transactions.
“In financial service institutions, security and fraud intelligence tend to be quite separate,” said Faulkner. “Cybercriminals exploit the fact that these separate ‘silos’ do not share information in real-time. As a result, neither practice is as effective or efficient as it could be. Financial service fraud teams waste a tremendous amount of time on manual reviews of transactions initiated by malware or stolen identities, while security practices are defeated by stolen, trusted credentials.
“Today’s threat environment calls for a new approach that closes the gaps between security and fraud intelligence,” continued Faulkner. “In the webinar, we’ll demonstrate how combining malware protection and device identification with contextual scoring can help financial institutions meet FFIEC compliance, while improving both security and fraud prevention.”
Faulkner’s presentation will provide a comprehensive assessment of devices being used by fraudsters and legitimate customers at risk from malware. He will also discuss how the ThreatMetrix™ Cybercrime Defender platform goes beyond combining malware detection and device identification – it supplements the combined solution with intelligence and analysis across a single platform backed by a global network of shared intelligence.
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.
Walker Sands Communications