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Posted September 17, 2014
As Millions of Consumers Make the Shift to the Newest iPhone, They Must be Aware of Privacy Concerns and Fraud Shifting to Online Channels
San Jose, CA – September 17, 2014 – ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, today announced the security pros and cons associated with some of the newest features of the iPhone 6 and the iPhone 6 Plus, both hitting shelves today.
“The most recent iPhone has received a ton of buzz, especially regarding some of its latest features such as Apple Pay, which has the potential to revolutionize the way consumers and retailers alike do business,” said Alisdair Faulkner, chief products officer at ThreatMetrix. “However, the fact remains that these features may also potentially make Apple the new prime target for cybercriminals all over the world, as the iPhone 6 increasingly becomes the remote control of its owners life.”
With 25 million iPhone users planning to upgrade their devices by the end of 2014, there are a multitude of security pros and cons associated with the features of the latest iPhones that those making the switch should be aware of prior to purchasing. These include:
“The newest iPhone has the potential to be one of the most groundbreaking models to date,” said Faulkner. “However, consumers making the switch should be aware of the pros and cons of doing so, especially if they are in the first round of buyers. Consumers need to be mindful that the data they sync to iCloud is now likely only protected by a weak username and password combination.”
In the wake of the new potential threats to consumers’ sensitive information and privacy with the widespread adoption of the iPhone 6, businesses such as Apple need a way to protect their customers beyond simple username and password combinations with a collective, global network. The ThreatMetrix® Global Trust Intelligence Network analyzes more than 500 million monthly transactions and combines device identification, threat assessments, identity and behavioral intelligence to accurately identify cybercriminals without creating friction for good users.
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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