ThreatMetrix to Exhibit and Present on the Evolution of Fraud at the 2015 CNP Expo
Posted May 18, 2015
Dr. Stephen Topliss, Vice President Services and Support, will Participate in a Panel of E-Commerce and Fraud Prevention Experts
San Jose, CA – May 18, 2015 – ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, is exhibiting and presenting at the 2015 CNP Expo, today through this Thursday, May 21, at the Caribe Royale in Orlando.
The CNP Expo is at the crossroads of e-commerce, software, mobile, retail and payments and was created to address the challenges of card not present (CNP) payments. It provides a meeting place for merchants, banks, processors, anti-fraud software providers, legal experts, alternative payment providers, card networks and others to learn how to leverage CNP payments in an increasingly multi-channel retail sales environment
Dr. Stephen Topliss, vice president services and support at ThreatMetrix, will participate in a panel titled, “Constant Evolution of Fraud,” on Tuesday, May 19 at 2:15 p.m. The panel will address how fraud attack methods are continuously changing and evolving based on several factors. Panelists will also discuss current challenges merchants face and the best ways to learn from these challenges in order to address advanced fraud and cybercrime threats. Other participants in the panel include executives from Backcountry.com, Tommy Bahama and Vesta.
“Given today’s advanced cybercrime threats, the most effective way for merchants and other businesses across industries to protect themselves and their customers is by sharing threat intelligence,” said Topliss. “To enable information sharing that stays one step ahead of constantly evolving fraud, we developed the ThreatMetrix Digital Identity Network, which protects more than one billion transactions per month by leveraging global shared intelligence to safeguard online identities.”
At the CNP Expo, ThreatMetrix will have a featured Solution Showcase on Wednesday, May 20 at 1:20 p.m., where attendees will have the opportunity to win a GoPro HERO4 Camera. ThreatMetrix will also exhibit at booth 415 during the expo.
According to the recent “ThreatMetrix Cybercrime Report: Q1 2015,” cybercriminals attempt approximately 25 million fraudulent transactions each month on the ThreatMetrix Digital Identity Network. Following recent high profile data breaches, retailers and other processing CNP transactions face payment and account takeover fraud as a result of cybercriminals using stolen credentials. This is particularly risky because many consumers use the same login credentials across websites so once one site is breached, this opens the door for fraud attempts against multiple retailers. Other trends leading to increased online risks outlined in the report include the shift toward new in-store technologies such as Apple Pay and Europay-MasterCard-Visa (EMV) cards.
- ThreatMetrix Announces World’s Largest Digital Identity Network at RSA Conference
- eBook: ThreatMetrix Cybercrime Report: Q1 2015
ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions leveraging a global shared digital identity network and real-time, customer-driven analytics platform. These solutions help customers differentiate between trusted users and potential fraud resulting in reduced friction, incremental revenue and lower fraud and operational costs.
ThreatMetrix secures customers against account takeover, payment fraud, fraudulent account registrations resulting from malware, and data breaches. Underpinning the solution is the ThreatMetrix Digital Identity Network, which analyzes more than one billion monthly transactions and protects more than 250 million active user accounts across 3,000 customers and 15,000 websites and mobile applications. ThreatMetrix is deployed by industry leaders across financial services, 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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