San Jose, CA (PRWEB) May 28, 2014
ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, today announced that the TrustDefender™ Cybercrime Protection Platform won the Judges Choice for Best Overall Fraud/Security Solution at the 2014 CardNotPresent.com (CNP) Awards.
The CNP Award for Best Overall Fraud/Security Solution recognizes the provider that most efficiently reduced costs related to fraud in card-not-present transactions by identifying as much potential fraudulent activity as possible while enabling merchants to accept as many transactions as possible. The awards were announced during the CNP Expo, held May 19-22 in Orlando.
"Significant growth in e-commerce and mobile payments continues to spur innovation and excellence from the technology providers serving card-not-present merchants," said CardNotPresent.com Founder & CEO Steve Casco. "That growth is reflected in this year's CNP Awards, which had a record number of nominations and a record number of votes for Customer Choice nominees. The CNP Awards have become the standard by which companies, programs and services around the world are being recognized and judged now and in the future."
The panel of five judges chose the TrustDefender Cybercrime Protection Platform because, in addition to taking the usual measures, including malware detection and device identification, to make e-commerce transactions secure, the platform detects fraud by analyzing online identities and their associated devices in real time to identify between authentic and fraudulent transactions.
“At ThreatMetrix, we constantly enhance our solutions to enable businesses to stay one step ahead of growing cybercrime threats,” said Bert Rankin, chief marketing officer, ThreatMetrix. “Between account takeover, payment fraud, identity spoofing and other threats, businesses need a way to quickly and efficiently identify suspicious behavior related to online transactions without driving away trusted customers. Our platform leverages the most comprehensive global data repository of fraud intelligence with unprecedented analytics to protect Web and mobile-based e-commerce transactions.”
In 2013, ThreatMetrix launched several breakthrough technologies to support its platform, including ThreatMetrix™ Trust Tags and ThreatMetrix™ Persona ID. Trust Tags enable businesses to anonymously review and validate customer credentials and past behaviors to allow frictionless access while simultaneously preventing cybercrime. Additionally, Persona ID enables businesses to evaluate expected customer behavior based on industry standards. The platform was updated again in March 2014, with an extension that delivers sophisticated trust analytics through endpoint and context intelligence, as well as enhanced mobile location-based authentication and jailbreak detection.
The TrustDefender platform is built on the ThreatMetrix® Global Trust Intelligence Network (The Network), which profiles tens of millions of users and their devices every day to differentiate between authentic and suspicious transactions and online activity. The Network provides analytics in real time, evaluating logins, payments, new account registrations and remote access attempts.
To learn more about the ThreatMetrix TrustDefender Cybercrime Protection Platform, visit http://www.threatmetrix.com/platform/trustdefender-cybercrime-protection-platform/.
ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.
ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.
The ThreatMetrix solution is deployed across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government and insurance.
For more information, visit http://www.threatmetrix.com or call 1-408-200-5755.
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