August 22, 2012, 9:31 AM

ThreatMetrix Enhances Protection Against Account Takeovers and Fraudulent Payments

Supporting a customer’s layered security approach, the platform provides advanced protection against account takeover attacks, fraudulent payments and spoofed identities to ensure secure, frictionless online transactions.

Topics: ThreatMetrix

San Jose, CA –August 21, 2012 - ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, announced today the immediate availability of the latest release of the ThreatMetrix™ Cybercrime Defender Platform.  The updated version is the only online fraud prevention solution on the market that provides virtual private network (VPN) and phishing detection with advanced device identification and malware protection to combat cybercriminals.  Supporting a customer’s layered security approach, the platform provides advanced protection against account takeover attacks, fraudulent payments and spoofed identities to ensure secure, frictionless online transactions.

Unmask Cybercriminals using VPN Detection

“Cybercriminals continue to use increasingly sophisticated methods to conceal their true IP addresses,” said Avivah Litan, vice president and distinguished analyst, Gartner Research. “The latest technique they are using to cover their tracks is hiding behind VPN servers. Without proper VPN detection, businesses are at high risk for revealing sensitive information to outside, fraudulent parties.”

ThreatMetrix is the first company to introduce proxy-piercing technologies required to expose the true IP address of a cybercriminal, which effectively unmasks fraudulent activity.  However, cybercrime is a constantly escalating battle and over time sophisticated cybercriminals have discovered that VPNs are impervious to these legacy techniques.  In response, ThreatMetrix developed a unique VPN detection capability that captures additional TCP/IP packet header attributes, allowing the analysis of the network connection type from an originating device, such as Ethernet, 3G, WiFi, VPN and others. The detection of these connection types enables new sets of rules and alerts for fraud prevention. Organizations now have a more accurate assessment of whether any given web request or transaction should be accepted, rejected or held for manual review.

Protecting Organizations from Identity Theft and Account Takeover with Phishing Detection

Phishing attacks attempt to direct customers to fake, malicious websites where users unwittingly enter their username and password. These fake websites then send users to the actual site so they do not suspect a phishing scam.

ThreatMetrix phishing detection exposes the referrer URL to the ThreatMetrix rules engine to determine if a device is connecting to a website via unknown, suspicious or non-affiliated sources. New phishing detection from ThreatMetrix helps organizations that conduct business online protect their customers from fraud conducted as a result of phishing attacks, identity theft and account takeover.

Device Identification and Malware Detection Combine for Powerful Account Takeover Protection

Understanding the identity and integrity of devices conducting financial transactions or accessing sensitive web applications is crucial to mitigating account takeover, transaction fraud, identity spoofing and online security.

“ThreatMetrix continues to raise the bar for the competition with industry-leading functionality in a cloud-based, easy to deploy, real-time cybercrime prevention solution,” said Alisdair Faulkner, chief products officer, ThreatMetrix. “Organizations no longer need to piece together multiple products from different vendors, thereby reducing implementation times and accelerating time-to-value”.

ThreatMetrix cybercrime prevention solutions share the same policy engine and web-based administrative interface. The platform provides device profiling and assessment to detect botnets and requests coming from behind VPNs, phishing victims, fraudulent or hidden IP addresses, block malware and Trojans, identity browser and plugin cookies, recognize packet/web page fingerprints and more.

About ThreatMetrix

ThreatMetrix is the fastest-growing provider of integrated cybercrime prevention solutions. The ThreatMetrix™ Cybercrime Defender Platform helps companies protect customer data and secure transactions against fraud, malware, data breaches, as well as man-in-the browser (MitB) and Trojan attacks. The Platform consists of advanced cybersecurity technologies, including TrustDefender™ ID, which is cloud-based, real-time device identification, malware protection with TrustDefender™ Cloud and TrustDefender™ Client, as well as TrustDefender™ Mobile for smartphone applications. The company serves a rapidly growing global customer base across a variety of industries, including financial services, e-commerce, payments, social networks, government, and healthcare.

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