ThreatMetrix

ThreatMetrix
Private
Industry Security technology
Founded 2005
Headquarters San Jose, California, USA
Key people
  • Reed Taussig (President and CEO)
  • Frank Teruel (CFO)
  • Andreas Baumhof (CTO)
  • Alisdair Faulkner (Chief Products Officer)
Website www.threatmetrix.com

ThreatMetrix is a security technology company headquartered in San Jose, California, with offices in New York City, Hong Kong, Sydney, London and Amsterdam.[1]

ThreatMetrix provides software as a service (SaaS) technology that profiles online transactions and activities to determine whether they initiate from fraudsters or legitimate customers.[2] The technology is supported by a global network,[3] which analyzes more than 15 billion annual transactions and protects more than 210 million active user accounts across 4,000 customers and 30,000 websites.[4][5]

History

ThreatMetrix was founded in 2005 in Australia and expanded to the United States in 2008.[6]

ThreatMetrix acquired TrustDefender in 2012 to add anti-malware capabilities to its device identification security software.[7][8] The combined companies operate under the ThreatMetrix name.[9] Andreas Baumhof, co-founder of TrustDefender, became ThreatMetrix’s chief technology officer following the acquisition.[10]

Technology

Following the TrustDefender acquisition, ThreatMetrix released their Cybercrime Protection Platform[10][11][12] which allows businesses to profile devices and identify threats, examine users’ identities and activity, configure business rules to meet requirements, and generate analysis and reports. The platform protects against account takeover, payment fraud, fraudulent account registration, multi-channel Web fraud and remote workforce access.[13]

In May 2013, ThreatMetrix introduced its Global Trust Intelligence Network (now the ThreatMetrix Digital Identity Network), which creates an anonymized profile of consumers (a digital identity) based on their behavior and devices. Organizations use this network to protect themselves as well as their customers from fraudulent activity.[14][15] This Network provides real-time screening for online visitors and activities across the ThreatMetrix customer base.

In 2016 ThreatMetrix introduced the industry to the concept of the digital identity graph, a data science framework that maps the complex associations among people, devices, accounts, locations and businesses. The ThreatMetrix Digital Identity Graph includes billions of data points across hundreds of millions of consumers, and is designed to allow businesses to improve end user authentication.[16]

The concept is closely related to that of the social graph, a term popularized by Facebook to explain how the social network makes use of the relationships among its users.

References

  1. ↑ David Penn (28 March 2014). "Updated: ThreatMetrix Raises $20 Million in Funding". Finovate.
  2. ↑ Mike Lennon (27 March 2014). "Cybercrime Fighter ThreatMetrix Raises $20 Million in Series E Funding". SecurityWeek.
  3. ↑ Iris Dorbian (27 March 2014). "Adams Street Partners leads Series E round for ThreatMetrix". Reuters PE Hub.
  4. ↑ Thad Rueter (27 March 2014). "Fraud prevention firm ThreatMetrix raises $20 million". Internet Retailer.
  5. ↑ Pete Prestipino (16 March 2015). "ThreatMetrix Protecting 1B+ Mobile, Web Transactions Monthly". Website Magazine.
  6. ↑ William-Arthur Haynes (8 February 2009). "ThreatMetrix fights cyberfraud at ‘front door’". Silicon Valley Business Journal.
  7. ↑ Diana Samuels (10 January 2012). "Fraud prevention company ThreatMetrix makes acquisition". Silicon Valley Business Journal.
  8. ↑ "ThreatMetrix Acquires TrustDefender to Fraud-Proof the Cloud". Red Herring. 30 January 2012.
  9. ↑ Angela Sormani (11 January 2012). "ThreatMetrix Acquires TrustDefender". Reuters PE Hub.
  10. 1 2 Josh Constine (9 January 2012). "Exclusive: ThreatMetrix Acquires TrustDefender to Protect Cloud From Fraud". TechCrunch.
  11. ↑ Meghan Kelly (26 March 2012). "ThreatMetrix wants to enter the BYOD scene, raises $18M". VentureBeat.
  12. ↑ "ThreatMetrix wants to enter the BYOD scene, raises $18M". Reuters. 27 March 2012.
  13. ↑ Andreas Baumhof (28 February 2014). "How to keep cybercriminals from hacking your smartphone (and your refrigerator and thermostat)". Washington Business Journal.
  14. ↑ Fahmida Rashid (30 May 2013). "ThreatMetrix Launches Intelligence Network to Detect Malicious Web Activity". SecurityWeek.
  15. ↑ Eduard Kovacs (21 April 2015). "ThreatMetrix Extends Cybercrime Protection With Digital Identity Network". SecurityWeek.
  16. ↑ "Digital Identity Graph". ThreatMetrix. Retrieved 28 February 2016.

External links

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