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Posted March 21, 2012
The Report Provides an Evaluation of the Leading Vendors in the Verification of Trusted Devices for Financial Institutions and E-Commerce Companies
San Jose, CA – March 21, 2012 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, announced today that it has been named a leading complex device-printing vendor in “Complex Device-Printing: A Front-Line Essential”, a Q1 2012 Aite Group report.
The report details the importance of complex device-printing in identifying fraud and verifying trusted devices, while also identifying the top five leading complex device-printing vendors in the industry. The report recognizes ThreatMetrix as a leading vendor for its integrated device identification and malware detection solution.
“With the acquisition of TrustDefender, ThreatMetrix is the first company to combine advanced device identification and malware detection in a single platform backed by a global network of shared intelligence,” said Bert Rankin, vice president of marketing, ThreatMetrix. “We are honored to be recognized as a leading device-printing vendor by Aite Group and look forward to leading the fight against cybercrime.”
According to Aite Group research, complex device-fingerprinting is one of the ‘most effective’ and ‘least intrusive’ technologies for online fraud mitigation. It is an important resource for any entity engaged in the global fight against cybercrime, added Rankin.
Over the last few years, financial institutions have been targeted for corporate account takeovers and other cyber threats. As a result, regulators are ramping up the pressure on financial institutions to increase their remote-channel fraud mitigation tactics, including the deployment of multi-layered security strategies.
“Financial institutions are bolstering their defenses in the wake of the uptick in corporate account takeovers in recent years,” said Julie Conroy McNelly, research director for Aite Group’s Retail Banking practice. “Session-based security is no longer enough. FFIEC banking guidelines require financial institutions use a layered security approach to safeguard assets and complex device-printing should be a key part of any FI’s layered strategy.”
E-commerce companies are also in the crosshairs of sophisticated cybercriminals who target them to steal identities, test stolen credit cards or conduct data breaches. These sites are increasingly turning to ThreatMetrix to identify devices, bypass proxies and detect the use of botnets. Online merchants are able to reduce the costs of fraud while protecting the online experience for legitimate customers, added Rankin.
To download a copy of Aite Group’s “Complex Device-Printing: A Front-Line Essential” report, click here.
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