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Posted September 30, 2014
In Conjunction with National Cyber Security Awareness Month, ThreatMetrix Announces the Network’s Growth, Exemplifying this Year’s Theme of Shared Responsibility
San Jose, CA – September 30, 2014 – ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, today announced the growth of the ThreatMetrix® Global Trust Intelligence Network (The Network), which has recently surpassed 850 million monthly transactions. Additionally, The Network now protects more than 210 million active user accounts across 3,000 customers and 15,000 websites. This milestone validates ThreatMetrix’s commitment to this year’s National Cyber Security Awareness Month theme, “Our Shared Responsibility.”
National Cyber Security Awareness Month (NCSAM) is a program sponsored every October by the Department of Homeland Security in cooperation with the National Cyber Security Alliance and the Multi-State Information Sharing and Analysis Center. Now in its eleventh year, NCSAM has grown to include the participation of a multitude of industry leaders — reaching consumers, small and medium-size businesses, corporations, educational institutions and young people.
The theme of NCSAM’s first week is “Promoting Online Safety with the Stop.Think.Connect.™ Campaign.” The theory behind the campaign is that each individual that participates in online activities needs to take accountability for the safety of the Internet.
“As the ThreatMetrix Network continues to grow, so does our customers’ shared view of cybercrime enabling them to protect their businesses and valued customers by accurately identifying both good and bad online users,” said Reed Taussig, CEO at ThreatMetrix. “The Internet is a fundamental part of all of our everyday lives. We all have an interest and a responsibility to make sure we keep cyber markets and services safe and trusted by consumers. National Cyber Security Awareness Month is the perfect opportunity to educate individuals and businesses on the importance of collaborating for a more secure Internet.”
While businesses must do their part to collaborate on cybercrime prevention by leveraging a collective repository of data such as The Network, the federal government is also doing its part to encourage global information sharing. President Obama’s Executive Order 13636 stresses federal accountability for sharing information with the private sector to protect critical infrastructure such as power plants, communication networks and transportation networks.
Many individuals believe the websites they use are doing their part to protect their privacy while keeping those sites secure. However, for that to happen, businesses need to share a certain amount of customer data across business boundaries. Unfortunately, while information sharing for security purposes in some industries such as financial services is common practice, in industries like retail, businesses are wary of sharing customer information with competitors and others. To effectively collaborate, there needs to be a certain level of trust between businesses and competitors as well as businesses and their customers.
“At ThreatMetrix, we’re aiming to solve the dilemma of building trust on the Internet through information sharing when many businesses are reluctant to do so,” said Taussig. “Through The Network, businesses can securely share information about devices and personas connecting to their sites, without sharing any personally-identifiable information about customers or visitors. ThreatMetrix anonymizes and encrypts information in The Network, so personal identities are never revealed to other organizations.”
The approach ThreatMetrix is taking offers a model for cybersecurity collaboration in all industries. Through anonymization and collaboration, businesses remove the risk of exposing their customers’ sensitive information while protecting this information from cybercriminals.
In addition to the overall theme of “cybersecurity is a shared responsibility,” the U.S. Department of Homeland Security has outlined weekly themes to commemorate National Cyber Security Awareness Month throughout October. These themes include:
ThreatMetrix plans to support each week’s theme throughout the month. To commemorate National Cyber Security Awareness Month, ThreatMetrix has also signed on as a “Champion” with the National Cyber Security Alliance.
ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.
ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 850 million monthly transactions and protects more than 210 million active user accounts across 3,000 customers and 15,000 websites.
The ThreatMetrix solution is deployed across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government and insurance.
For more information, visit www.threatmetrix.com or call 1-408-200-5755.
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