ThreatMetrix to Present at European Banking Forum: “Stopping Cybercriminals and Protecting Your Good Customers Online”
Posted May 8, 2012
Presentation Will Showcase How Real-Time Integrated Device Identification and Malware Detection Provide a First Layer of Defense for Financial Institutions
San Jose, CA – May 7, 2012 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, today announced that it is presenting at the European Banking Forum scheduled for May 8 – 10, at the Royal Garden Hotel in London, United Kingdom. Alisdair Faulkner, chief products officer, ThreatMetrix, will present Thursday, May 10 on “Stopping Cybercriminals and Protecting Your Good Customers Online.”
The European Banking Forum is an exclusive, invitation-only community of senior professionals working within the banking industry across the EMEA region. For the past 10 years, the forum has provided a platform for senior executives working in specific areas of the banking sector to meet, share experiences, raise issues and find solutions with their peers and business partners.
Faulkner will discuss:
- The latest ways cybercriminals are using man-in-the browser (MitB) and malware to attack financial organizations at the point of new account origination, wire transfers and logins.
- How integrated, real-time device identification and malware detection provide a first layer of defense to stop cybercriminals before they commit online fraud.
- How to protect good customers with malware-free securing browsing sessions.
- Examples of how banks worldwide are using this integrated approach.
Malware continues to grow in terms of infection rate and new targets. Last year, there were 25 million new, unique strains of malware released and that number is projected to grow to 87 million by the end of 2015, according to the Aite Group.
“Malware detection without accurate customer device identification and contextual scoring is like fighting shadows in the dark,” said Faulkner. “Banks are demanding solutions that provide greater visibility and central control across all channels, transaction types and business units without impacting the customer experience. There’s a big difference in risk between a compromised customer’s device accessing a low balance retail account versus a high value commercial account. The ThreatMetrix™ Cybercrime Defender Platform provides cost effective malware and stolen identity and credential protection for both new and returning customers with a global network that gets smarter with every customer and transaction profiled.”
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