ThreatMetrix Cybercrime Education Series Webinar: “Payment Fraud from Mobile Apps and Browsers”
Posted August 26, 2013
Mobile is the New Frontier for Cybercriminals; Threats are Real, Sophisticated and Growing
San Jose, Calif. – August 26, 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 Wednesday, August 28 at 10 a.m. PDT/1 p.m. EDT. The webinar will be led by Mustafa Rassiwala, director of product marketing, ThreatMetrix, focusing on: “Detecting Payment Fraud from Mobile Apps and Browsers.”
As companies and consumers increasingly conduct business over multiple channels with a variety of 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 until it is too late. 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.
“Mobile is the new frontier for cybercriminals and they have managed to exploit it effectively,” said Rassiwala. “The threats against mobile are real and sophisticated along two dimensions – exploiting mobile to steal information and commit payment fraud, and using mobile devices to launch criminal attacks. For example, stealing a mobile device is one of the easiest methods to harvest personal information. Criminals can easily turn off ‘Find My Phone’ apps and remote wipes giving them sufficient room to steal valuable information from the device.”
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 do business
• Why companies should protect access through both browsers and apps
• How a global intelligence network can help identity trusted entities
Sophisticated mobile attacks from fraudsters and hackers are growing rapidly. Analysts predict worldwide mobile payment transactions will reach $235.4 billion in 2013, with 245.2 million users worldwide responsible for those transactions, according to a Gartner report titled “Forecast: Mobile Payment, Worldwide, 2013 Update.” Protecting against these attacks requires incorporating real-time analysis of persona and behavioral data to separate trusted customers from malicious cybercriminals.
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 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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