San Jose, CA (PRWEB) June 17, 2014
ThreatMetrix®, the fastest-growing provider of context-based security and advanced fraud prevention solutions, today announced its integration with the Ping Identity PingFederate® identity bridge, providing contextual employee authentication for enterprises.
Corporate network perimeters have virtually disappeared due to the evolution of bring-your-own-device (BYOD) and cloud-based applications that provide workforce, partner and contractor access. As a result, enterprises must identify new approaches for securing access to corporate applications and digital assets. Gartner estimates that by year-end 2016, more than 30 percent of enterprises will use contextual authentication for workforce access. The integration of ThreatMetrix and PingFederate leverages context-based authentication and single sign-on, enabling enterprises to deliver secure, frictionless access to their business productivity applications for all users.
“Until now, enterprises had to choose between maintaining high levels of access security and improving employee access and open BYOD polices – or they have already made the shift and are relying on weak, single-factor authentication,” said Alisdair Faulkner, chief products officer, ThreatMetrix. “As a result, many enterprises are at risk of having sensitive information compromised by cybercriminals accessing employee accounts with stolen credentials. The integration of ThreatMetrix’s context-based authentication with PingFederate’s identity bridge will greatly enhance security and transparency for enterprises without sacrificing employees’ ease of access and productivity.”
The new era of cybersecurity is all about enabling unfettered, yet protected, access to consumer services, business revenues, and productivity assets in a world where it should be assumed that traditional security protections are compromised. The combined solution between ThreatMetrix and Ping Identity delivers transparent and secure access for online and mobile users. Together, these solutions stop cybercriminals at the front door and provide legitimate users full access to all permissible resources in a managed and monitored fashion.
This integration works in three distinct steps:
- At the point of sign-on, ThreatMetrix – in real time – analyzes the connecting device, associated online personas, transaction context and past behavior
- This resulting analysis is used by a global policy engine that lets businesses define appropriate risk and trust levels to determine access
- Based on achieving a predefined level of trust, users are granted access through Ping Identity’s PingFederate product to all their associated applications and online resources
“Ping Identity is pleased to see ThreatMetrix’s support for integrations that help its customers overcome the visibility and security challenges that have been introduced with BYOD,” said Patrick Harding, chief technology officer, Ping Identity. “By enabling federated single sign-on to enterprise and cloud-based apps, Ping Identity complements ThreatMetrix’s context-based security and advanced fraud prevention solutions with an integrated solution that enables our mutual customers to both authenticate and monitor employees accessing cloud applications from any device.”
According to Gartner, by 2015, the demand for greater security intelligence sharing for context-aware systems will form a marketplace for brokering security data. By leveraging The ThreatMetrix® Global Trust Intelligence Network, the most comprehensive information repository of authentication data, ThreatMetrix is one step ahead in offering intelligence sharing and can provide enterprises with real-time intelligence, effectively differentiating between authentic and fraudulent online activities.
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.
Join the cybersecurity conversation by visiting the ThreatMetrix blog, Facebook, LinkedIn and Twitter pages.
© 2014 ThreatMetrix. All rights reserved. ThreatMetrix, TrustDefender ID, TrustDefender Cloud, TrustDefender Mobile, TrustDefender Client, the TrustDefender Cybercrime Protection Platform, ThreatMetrix Labs, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.