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Posted March 12, 2012
San Jose, CA – March 12, 2012 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, announced today that it has been named a finalist for the 2012 Merchant Risk Council Emerging Technology Awards (METAwards) in the “established company” category. The METAwards recognize the most innovative and progressive technologies and solutions specifically designed to help e-commerce merchants better fight online fraud and reduce losses in online payment transactions.
ThreatMetrix was selected for the ThreatMetrix™ Cybercrime Defender Platform, which helps merchants protect customer data and secure transactions against fraud, malware, data breaches, as well as man-in-the browser (MitB) and Trojan attacks. It serves as the first perimeter of defense against fraud and malware.
Award recipients will be announced during the 2012 Merchant Risk Council (MRC) Annual e-Commerce Payment & Risk Conference taking place in Las Vegas from March 27-29. It serves as the industry’s leading event on managing payments, preventing online fraud and promoting secure e-commerce. The METAwards competition will take place from 11:15 a.m. – 12:15 p.m. Wednesday, March 28 in the Grand Ballroom at the Wynn Hotel.
In addition to being named a METAward finalist, Peter Liske, vice president of product management, ThreatMetrix, and Stephen Baumer, CTO, GoPro, will be speaking at the MRC Conference. The joint session, held on March 29 at 9 a.m., will cover “Extreme Fraud Fighting on the Edge.” Attendees will learn how GoPro integrated the ThreatMetrix Cybercrime Defender Platform’s device identification and malware detection for enhanced fraud prevention.
“To successfully protect the integrity of online transactions, merchants must determine if a device has been compromised and if the transaction is fraudulent,” said Bert Rankin, vice president of marketing, ThreatMetrix. “This requires sophisticated malware detection and intelligent device identification in a time when cybercrime is a growing threat.” In fact, according to CyberSource, merchants reported losing an estimated $3.4 billion to online fraud in 2011. The same study revealed that device fingerprinting, in particular, is highest on merchants’ “plan to buy” list over the next year.
“We are honored to be recognized by the Merchant Risk Council for contributing an innovative solution that better protects merchants and their customers from cybercrime,” added Rankin.
For more information, visit ThreatMetrix at booth No. 208 at the MRC e-Commerce Payment & Risk Conference. To register for the event, visit the website.
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