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Posted August 20, 2013
New Strategies are Required by Companies to Combat Evolving Fraud from a Single Point of Attack to Group Attacks
San Jose, CA – August 20, 2013 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime solutions, today announced that it is hosting a complimentary one-hour ThreatMetrix™ Cybercrime Education Series webinar on Thursday, August 22 at 10 a.m. PDT/1 p.m. EDT. The webinar will be led by Andreas Baumhof, chief technology officer, ThreatMetrix, on: “Detecting Cross-Channel Fraud and Multi-Vector Attacks.”
As companies and consumer increasingly conduct business over multiple channels and devices, cross-channel fraud is trending up for cybercriminals. Sophisticated attacks relying on stolen accounts, malware, social engineering and identity spoofing are difficult to detect without the proper cybercrime solutions in place. To stop these attacks, companies need the ability to analyze inputs from these sources in real-time and compare them to the activities of legitimate customers and bad actors.
“Fraud has evolved from a single point of attack to group attacks whereby cybercriminals pool together shared information through social engineering, malware and other tools such as a person’s name, address, email, and other personally identifiable information,” said Baumhof. “Fraudsters then use these false identities to access a company’s website to perpetrate fraud. Companies may think that they are dealing with a legitimate customer while in fact it’s actually a cybercriminal.”
During the webinar, attendees will learn:
• How fraudsters combine social engineering, malware and other tools to create an attack
• What companies can learn from a person’s use of multiple devices to conduct business
• Why companies should protect online access through both browsers and apps
• How a global trust intelligence network helps identify trusted entities
The ThreatMetrix Digital Identity Network is the first data repository that provides insight into positive and negative behavior and threat intelligence for both devices and online personas. Each month, The Network screens more than 500 million site visitors, across more than 1,900 customers and 9,000 websites and uses predictive analytics to find the good and bad user personas.
ThreatMetrix is the fastest-growing provider of integrated web fraud and cybersecurity solutions. The ThreatMetrix Platform helps companies prevent unauthorized access to web and mobile applications, protect sensitive data, and secure transactions against account takeover, payment fraud, identity spoofing, malware, and data breaches. ThreatMetrix protects more than 1,900 customers and 9,000 websites 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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