January 10, 2012

San Jose, Calif.-based ThreatMetrix, a provider of integrated cybercrime prevention solutions, announced that it has acquired the Australian-based company TrustDefender, a maker of security and fraud detection technology designed to prevent man-in-the-browser (MitB) and other malware attacks.

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.

"The natural synergies between device identification and secure browsing are very obvious," said Reed Taussig, president and CEO, ThreatMetrix, in a written statement. "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."

According to Andreas Baumhof, co-founder and CEO of TrustDefender, who will now serve as CTO of the newly integrated company, 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.

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...