The combined companies will operate under the ThreatMetrix name with global operations in the United States, Australia and Europe. The corporate headquarters will be located in San Jose, California.
“The natural synergies between device identification and secure browsing are very obvious,” said Reed Taussig, president and CEO, ThreatMetrix. “Successful transaction profiling requires sophisticated malware detection and intelligent device identification to determine if the device is compromised or if the transaction is at risk of being fraudulent. While our customers have recognized this for a long time, the only available solution – until now – was to implement multiple products across different vendors. By integrating advanced device identification and secure browsing into a single, competitively priced, easy-to-install and easy-to-use product, ThreatMetrix is delivering the most complete online fraud management solution available in the market today.”
The Growing Global Malware Threat
According to Andreas Baumhof, co-founder and CEO of TrustDefender, who now joins ThreatMetrix as CTO, the acquisition addresses the growing global malware threat.
“In 2011 we saw a huge increase in sophisticated MitB Trojan activities supporting fraudulent transactions with stolen identities,” said Baumhof. “Malware protection and fraud prevention are closely related, yet no truly integrated solutions were available in the market. The merger allows ThreatMetrix to address fraud prevention and malware protection as a single problem and deliver real benefits to customers at a lower cost.”
ThreatMetrix Cybercrime Defender Platform
With the acquisition, the ThreatMetrix™ Cybercrime Defender Platform
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TrustDefender™ ID
About TrustDefender
TrustDefender delivers security and fraud detection technology to protect enterprises and their customers at the device and transaction level from online fraud. This enables TrustDefender’s customers in banking, e-commerce, government, and cloud application providers to reduce the cost of online fraud. The company’s combination of device and page fingerprinting technologies is a world first and instantly detects the source of any attempts to compromise an organization’s online defenses. TrustDefender, founded in 2006, is headquartered in Sydney, Australia with offices in the United Kingdom, U.S. and Asia Pacific and can be found online at www.trustdefender.com
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, as well as malware protection with TrustDefender™ Cloud and TrustDefender™ Client. 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.