Magazine article American Banker

ThreatMetrix Boosts Defenses for Banks with TrustDefender Buy

Magazine article American Banker

ThreatMetrix Boosts Defenses for Banks with TrustDefender Buy

Article excerpt

Byline: David Heun

ThreatMetrix Inc. plans to make the best of its recent acquisition of TrustDefender Inc. by adding malicious software detection to its fraud-prevention software offerings for banks and retailers.

ThreatMetrix already has a reputation as a company emphasizing collaboration of data and partnerships with other risk-management companies to help merchants layer their defenses against online fraud.

As such, its Jan. 10 purchase of TrustDefender "is a very complementary acquisition for both companies, along the lines of a 'one plus one equals four' because each company contributes so much value to the other," says Julie Conroy McNelley, senior analyst and fraud expert with Boston-based Aite Group.

Constructing layers of fraud-prevention defenses for customers was "the underlying impetus" for the acquisition of TrustDefender, says Bert Rankin, ThreatMetrix vice president of marketing.

"We know there is no silver bullet to stopping fraud, but a layered approach can plug in as many holes as you can while allowing good customers to still purchase products on a merchant's website," Rankin says.

Merchants consistently told ThreatMetrix that malware detection was a key need in the fight against fraud, Rankin adds. "It has become the foundation for our offerings as a result of the TrustDefender acquisition," he says.

TrustDefender ID is cloud-based software that provides device identification of the computer being used to make an online purchase. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.