ThreatMetrix Positioned as a “Visionary” in the Magic Quadrant for Web Fraud Detection
Evaluation Based on Completeness of Vision and Ability to Execute
San Jose, CA (PRWEB) June 20, 2013
ThreatMetrix, the fastest-growing provider of integrated cybercrime prevention solutions, today announced it has been positioned by Gartner, Inc. in the “Visionaries” quadrant of the “Magic Quadrant for Web Fraud Detection”*. The authors of the report are Gartner´s Avivah Litan and Peter Firstbrook.
According to Gartner, “the Web fraud detection market grew more than 48% in 2012 as interest expanded across sectors and countries.” Gartner went on to describe the Visionaries quadrant companies´ products as being “easy to implement and use, and have achieved very good results in reducing online fraud for their clients using SaaS-based models. All have in common innovative research and development, a good understanding of their markets and solid categories that poise them for healthy growth, assuming they can grow their sales and revenue while maintaining market responsiveness and good customer service.”
“We believe recognition in the “Visionaries” quadrant serves as a validation of our continued expertise in cybersecurity,” said Reed Taussig, president and CEO, ThreatMetrix. “As the threat environment constantly evolves, we continue to successfully protect many of the world´s leading e-commerce, financial service and other businesses from account takeover, identity spoofing and payment fraud.”
According to Taussig, 2012 was a signature year of exponential growth for ThreatMetrix that continues unabated into 2013, fueled in part by:
- Scalability: Transaction volumes grew 500 percent year-over-year in 2012. Each month, ThreatMetrix analyzes more than 350 million website transactions and login access attempts across 1,500 global customers and 9,000 websites. The company anticipates reaching more than 500 million monthly transactions and login attempts in the coming months.
- Innovation: ThreatMetrix was granted two new patents by the United States Patent Office in 2012 to enhance cybercrime detection and prevention. Ongoing product innovations include the TrustDefender Cybercrime Protection Platform, the ThreatMetrix Global Trust Intelligence Network, and behavioral analysis via the ThreatMetrix Persona ID Rules. These innovations were complemented by the successful 2012 acquisition and integration of TrustDefender, a leader of secure browsing technology, to stop Man-in-the-Browser (MitB) attacks and prevent malware attacks.
ThreatMetrix´s ability to scale and innovate was most recently demonstrated by the introduction of the ThreatMetrix Global Trust Intelligence Network(The Network), the most comprehensive repository of information available for screening prior transactions and site visitors, authenticating customers and remote employee access. This is the first Big Data intelligence network that provides insight into positive and negative behavior and threat data for both devices and online personas without compromising privacy or convenience. ThreatMetrix offers the first and only real-time screen for online visitors using collaborative intelligence from thousands of websites and transactions.
The ThreatMetrix Global Trust Intelligence Network´s superior capabilities enable ThreatMetrix to uncover telltale signs of fraudsters and hackers, including devices infected with malware, virtual private network (VPN) detection, MitB detection, phishing detection, bots and automated attacks. With the information stored in The Network, companies can avoid costly, intrusive authentication processes for authentic visitors. However, if a visitor has spoofed browser settings, used a proxy to hide his true location, has a past history of high risk behavior across other network transactions or is associated with an abnormal number of personas, The Network can flag the visitor for additional scrutiny and authentication.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Gartner “Magic Quadrant for Web Fraud Detection” by Avivah Litan and Peter Firstbrook, 5/31/13
ThreatMetrix is the fastest-growing provider of integrated web fraud and cybersecurity solutions. The TrustDefender Cybercrime Protection Platform helps companies prevent unauthorized access to web and mobile applications, protect sensitive data, and secure transactions against account takeover, payment fraud, identity spoofing, malware, and data breaches. ThreatMetrix protects more than 1,500 customers and 9,000 websites 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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