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Posted October 4, 2013
Mobile is the New Frontier for Cybercriminals – Attack Vectors Include Payment Fraud, Account Takeovers and Malware
San Jose, CA – October 4, 2013 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime solutions, today announced that it is presenting on “Mobile Cybercrime: Protecting Your Business and Your Customers from Attacks” at the 4th Annual Accertify User Conference, taking place October 8 – 10 at the W Chicago City Center in Chicago. The presentation will be led by Mustafa Rassiwala, senior director of product management, ThreatMetrix, on Wednesay, October 9 from 2:35 – 3:20 p.m. CT.
Sophisticated mobile attacks from fraudsters and hackers are growing rapidly, exploiting mobile devices to steal information and commit payment fraud. Analysts predict worldwide mobile payment transactions will reach $235.4 billion in 2013, with 245.2 million users worldwide responsible for those transactions, according to a Gartner report “Forecast: Mobile Payment, Worldwide, 2013 Update.” Protecting against these attacks requires incorporating real-time analysis of persona and behavioral data to distinguish between trusted customers and malicious cybercriminals.
“Cybercriminals operate with a simple philosophy – follow the money,” said Rassiwala. “With mobile as the new frontier for cybercriminals, they have been quick to follow consumers on the mobile platform, targeting for payment fraud and account takeovers. Cybercriminals are releasing new malware, specifically targeted for mobile operating systems, at a staggering pace. This exploit targets vulnerabilities in operating systems, effectively compromising browser- and app-based transactions.”
During Rassiwala’s presentation, attendees will learn:
• Why mobile growth rates are driving online business and security requirements
• How mobile attack vectors compromise customers and impact revenue
• Why you need a complete view of customers across devices, including mobile devices and apps
• The value of a global trust intelligence network to identify valuable customers and stop attacks in real-time
For more information on the 4th Annual Accertify User Conference, please visit: https://www.seeuthere.com/rsvp/invitation/invitation.asp?id=/m2625a35-56WTTUFNE6NEK
• ThreatMetrix Whitepaper, “Context-Based Authentication and Fraud Protection for Mobile Devices”
ThreatMetrix is the fastest-growing provider of integrated web fraud and cybersecurity solutions. The ThreatMetrix Platform helps companies prevent unauthorized access to web and mobile applications, protect sensitive data, and secure transactions against account takeover, payment fraud, identity spoofing, malware, and data breaches. ThreatMetrix protects more than 1,900 customers and 9,000 websites 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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