April 20, 2018
April 18, 2018
Posted March 8, 2013
ThreatMetrix CTO Will Highlight How Companies Need to View Fraud and Security in One Integrated Context
San Jose, CA – March 8, 2013 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, today announced that it is speaking and exhibiting at the e-Crime and Information Security Congress, March 12 – 13, Victoria Park Plaza Hotel, London.
The e-Crime Congress is designed to meet the needs of key stakeholder and decision makers who are responsible for designing and coordinating information security and risk management strategy, safeguarding digital assets and sensitive information, protecting customers, defending against internal or external threats, and responding to incidents.
“Cybercriminals are constantly adapting and evolving in more sophisticated, automated and targeted attacks,” said Andreas Baumhof, chief technology officer, ThreatMetrix. “The detection of fraudulent transactions isn’t as simple as it was years ago, and enterprises need to adapt and view fraud and security in one integrated context. Take a malware-infected computer as an example. Trying to determine whether a transaction from this device is good or bad – without taking into account the malware infection itself – is really difficult. On the other hand, if you know that the device is infected, the assessment is very straightforward. Implementing a cybersecurity system that can leverage infected devices in the context of a transaction across more than 1,500 customers is immensely effective. Our customers see a significant uplift in detection capabilities.”
Baumhof will lead two education seminars from 10:10 – 10:45 a.m. and 12:40 – 1:25 p.m. GMT on March 12. The session is titled “Real-World Fraud Evasion Techniques and How Combining Security and Fraud Can Close the Gaps for Cybercriminals,” and attendees will learn:
• A hands-on session with real world data and live demonstrations.
• An examination of known fraud detection techniques (such as device fingerprinting or anomaly detection) and demonstration of how fraudsters circumvent these techniques.
• A live demonstration of a banking Trojan with the resulting transactions.
• Best practices to be prepared for the challenges any provider of Web services is either facing today or will face in the near future.
The ThreatMetrix™ Cybercrime Prevention Platform protects more than 1,500 customers and 8,500 websites from account takeover, payment fraud and fraudulent new registrations in markets including e-commerce, financial services, social networking, government, insurance and enterprise.
• Andreas Baumhof video interview by BankInfoSecurity at RSA Conference 2013, “Fraud, Security at the Crossroads”
• ThreatMetrix white paper, “Cybercrime Battle Basics: Online Account, Transaction and Malware Protection”
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