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Posted March 14, 2013
Government and Private Industry Gather to Collaborate and Provide a United Defense Against Growing Cyberattacks
San Jose, CA – March 14, 2013 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, today announced that it is co-sponsoring the 7th Annual SINET IT Security Entrepreneurs’ Forum (ITSEF), March 19 – 21, at Stanford University, Palo Alto, Calif. In addition to ThreatMetrix, other co-sponsors include DOD, SAIC, Chertoff Group, DLA Piper, and Stanford Computer Forum.
Supported by the U.S. Department of Homeland Security, Office of Science and Technology, the ITSEF will educate attendees on advancing innovation, leading change and building trusted global communities of interest and trust between the public and private sectors.
“Online government agencies are in the crosshairs of cybercriminals targeting them with malware and stolen credentials,” said Bert Rankin, CMO, ThreatMetrix. “The only successful way to defeat these threats is for government and private industry to collaborate and provide a united defense against these growing cyberattacks. ITSEF provides such a forum.”
According to Rankin, account takeover can jeopardize public security, regulatory compliance, and intellectual property. Even infrastructures are under attack as highlighted by President Obama when he signed an Executive Order in February on ‘Improving Critical Infrastructure Cybersecurity.’ The Order urges that the United States’ critical infrastructure meet the standards and procedures necessary to address cyber risks.
The ThreatMetrix™ Cybercrime Defender Platform integrates advanced device identification and malware detection technologies that can detect a wide variety of situations that put user accounts at risk including:
• Logins using stolen credentials: Detect unusual devices for existing users, logins disguising their true attributes, and multiple accounts using a single device.
• Botnets automating password guessing: Detect high velocity of password attempts, unusual packet fingerprints, known botnet participation, and other red flags.
• Credential replay attacks or session hijacks: Detect when a device changes between a login and a transaction, or when cookies are copied between devices.
• Malware targeting logins: Detect evidence of malware on a legitimate user’s login session.
About the Security Innovation Network
The Security Innovation Network™ (SINET) is a community builder and a strategic advisor whose mission is to advance innovation and enable global collaboration between the public and private sectors to defeat cybersecurity threats. SINET’S public-private partnership events are supported by the U.S. Department of Homeland Security Science & Technology Directorate. SINET’s affiliate, The SINET Group, offers Advisory Services and a Membership Program that offers its social collaboration tool – The SINET Exchange. Through these activities, SINET has helped build thousands of relationships and delivered value across a broad spectrum of the security community to include builders, buyers, researchers, and investors. The SINET teams consist of forum leaders from the intelligence, DoD, DHS, and Silicon Valley communities. For more information, visit http://www.security-innovation.org.
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