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Posted April 12, 2013
ThreatMetrix’s Faulkner Calls Web Fraud the “New Spam” Placing Company Revenue and Brands at Risk
San Jose, CA – April 11, 2013 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, today announced that Alisdair Faulkner, chief products officer, ThreatMetrix, will be speaking at the Merchants Risk Council 2013 European Spring Congress, April 17 – 19, at Park Plaza Westminster Bridge, London.
Faulkner will present from 12:05 – 1:00 p.m., April 18 on “Moving from Management to Prevention, Using Global and Cross-Channel Visitor and Device Intelligence to Stop Account Takeover and Fraud in a Global Organization.”
The Merchant Risk Council (MRC) is a merchant-led non-profit trade association focused on electronic commerce risk and payments globally. The MRC leads industry networking, education, benchmarking and advocacy programs to make electronic commerce more efficient, safe and profitable.
MRC’s 2012 annual survey showed that two of the top online fraud threats experienced by e-commerce merchants were account takeover and identity theft, each often the result of malware targeting a merchant through their customers.
“Web fraud is the new spam,” said Faulkner. “Web fraud is now as ubiquitous as email spam but is far more lethal in terms of how it negatively impacts company revenues, erodes brand reputations, and places a country’s national economic security at risk. Companies need visibility and intelligence across all their Web fraud challenges and ThreatMetrix is uniquely positioned with its TrustDefender™ Cybercrime Protection Platform to provide companies and government entities with the needed visibility and intelligence to address their Web fraud challenges.”
The TrustDefender Cybercrime Protection Platform is the most cost-effective and integrated online fraud protection solution providing advanced device identification and sophisticated malware protection. The solution benefits e-commerce merchants by helping them:
· Identify good customers vs. fraudsters using stolen credit cards
· Shrink chargebacks and fees from transaction fraud
· Detect sophisticated malware, botnet and phishing attacks
· Reveal hidden proxies, VPN usage and true geo-location
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.
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