ThreatMetrix Press Release

ThreatMetrix Announces Online Fraud Protection for Magento e-Commerce Platform

The Plug-in Extension Helps Online Merchants Reduce Chargebacks and Increase Revenue

San Jose, Calif. – December 3, 2013 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime solutions, today announced the general availability of an online fraud plug-in extension of its TrustDefender™ Cybercrime Protection Platform for the Magento e-commerce platform. The ThreatMetrix extension works with both Magento’s Enterprise and Community Editions. Magento, owned by e-Bay, is the leading small to medium business e-commerce platform, providing online merchants with flexibility and control over their e-commerce store.

“The ThreatMetrix extension will enable Magento merchants to identify potential fraudulent e-commerce card-not-present (CNP) transactions at the point of checkout, reduce chargebacks and increase revenue,” said Bert Rankin, chief marketing officer, ThreatMetrix. “It does so without putting barriers in place that might inconvenience and limit the number of online shoppers while helping Magento customers protect their brand reputation. Through the integrated plug-in solution, Magento customers can gain best-in-class online fraud protection with minimal effort.”

The ThreatMetrix TrustDefender Cybercrime Protection Platform extension detects stolen credit cards in real-time by combining device attributes, malware detection and sophisticated analytics with the user identity and transaction details. This real-time analysis provides online merchants an additional layer of protection to reduce the costs of fraud while protecting the online experience for legitimate customers and enables merchants to:

• Reduce costs of transaction fraud chargebacks and fees

• Protect transactions and customers from malware targeting their credit cards and online identity

• Reduce lost sales from false positives by utilizing advanced device identification and context-sensitive fraud detection

The ThreatMetrix TrustDefender Cybercrime Protection Platform collects and analyzes online identities, device attributes, device integrity and malware status of the device. Business policies combine several anomaly and malware detection rules to evaluate the transaction in real-time. A customer configurable transaction score provides the business intelligence for merchants accept transactions from authentic customers and reject fraudulent transactions from cybercriminals. ThreatMetrix correlates a visitor’s online behaviors and association through the rich data and advanced analytics of the ThreatMetrix™ Global Trust Intelligence Network (The Network) – the only global data repository that provides insight into positive and negative behavior and threat intelligence for both online personas and devices using trust-based authentication.

For more information on how the ThreatMetrix will benefit e-Bay’s Magento e-commerce platform customers or to purchase the solution, contact ThreatMetrix at sales@threatmetrix.com.

About ThreatMetrix

ThreatMetrix secures Web transactions against account takeoverpayment fraudidentity spoofing, malware, and data breaches. The ThreatMetrix Global Trust Intelligence Network, which analyzes 500 million monthly transactions, provides context-based authentication and Web fraud prevention to help companies accelerate revenue, reduce costs and eliminate friction. ThreatMetrix protects more than 1,900 customers and 9,000 websites across a variety of industries, including financial servicesenterprisee-commerce, payments, social networks, government, and insurance. For more information, visit www.threatmetrix.com or call 1-408-200-5755.

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© 2013 ThreatMetrix. All rights reserved. ThreatMetrix, TrustDefender ID, TrustDefender Cloud, TrustDefender Mobile, TrustDefender Client, the TrustDefender Cybercrime Protection Platform, ThreatMetrix Labs, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contacts

Dan Rampe
ThreatMetrix
Tel: 408-200-5716
Email: drampe@threatmetrix.com

Tory Patrick
WalkerSands Communications
Tel: 312-533-9823
Email: tory.patrick@walkersands.com

 

ThreatMetrix
By ThreatMetrix Posted