Company News • 24.07.2013

Trusteer Announces General Availability of E-Commerce Fraud Prevention Service

Offering Addresses Complete Cybercrime Life Cycle

Trusteer, provider of endpoint cybercrime prevention solutions, announced the general availability of the Trusteer Cybercrime Prevention Architecture for e-commerce.

This service provides Trusteer’s award-winning “bank grade” security to retailers, social media, dating, gaming and other consumer website operators to prevent account takeover, stop payment fraud and protect their customers’ data from being stolen. By monitoring the full e-commerce attack life cycle and detecting compromised user devices and accounts before unauthorized transactions can take place, Trusteer’s solution short circuits fraud attempts.

Criminals are targeting e-commerce sites using the same sophisticated techniques being used to attack banks. These advanced threats are rendering existing e-commerce fraud controls obsolete. The resulting increase in fraud incidents is inflicting significant financial (chargebacks), brand and customer experience damage on website operators.

According to Gartner, Inc, trends in web fraud detection include: “Less reliance on device identification as criminals learn to thwart it, and also because it is not fully effective (only about 70%) on mobile devices, where less information is available to the identification process. Similarly, less reliance on proxy-piercing technology, which is becoming much less reliable (about 50% to 60%) as criminals learn to circumvent it. ”

Holistic E-commerce Fraud Prevention

Trusteer’s solution goes beyond current Device ID and proxy piercing solutions to track the full attack life cycle by detecting user devices and accounts compromised by malware and phishing in order to stop account takeover and payment fraud before it happens. This is accomplished by combining sophisticated device intelligence with Trusteer’s proven malware and phishing detection technology. Moreover, the company can quickly identify known criminal devices through its Global Criminal Device Database that is automatically populated based on the routine analysis of over 100 million protected endpoints. By correlating device and account risk factors in real-time Trusteer prevents high-risk access attempts and transaction requests. Trusteer’s solution spans mobile, PC and MAC platforms to provide highly accurate and actionable fraud risk detection. 

“E-commerce organizations continue to experience significant fraud losses.  Criminals are now targeting their sites with online banking attack techniques that can easily defeat their existing security mechanisms,” said Eric Blatte, Vice President, North America for Trusteer. “Trusteer's cybercrime prevention architecture currently protects hundreds of financial organizations and their customers against online fraud with proven, sustainable security that dynamically adapts to changes in the threat landscape. Our unique end-to-end visibility into the full fraud lifecycle can stop current and emerging e-commerce attacks that evade traditional, silo-based security products”.

The Trusteer Cybercrime Prevention Architecture for e-commerce is comprised of the following products:

  • Trusteer Pinpoint Account Takeover (ATO) Detection: clientless service that correlates multiple fraud risk indicators including device ID, malware infections and phishing incidents to conclusively detect account takeover attempts.
  • Trusteer Pinpoint Malware Detection: clientless service which accurately detects devices infected with Man-in-the-Browser malware when they try to access e-commerce sites. 
  • Trusteer Rapport: client-based endpoint protection against financial malware and phishing attacks. Trusteer Rapport detects, stops and removes financial malware from end user computers; and alerts users and e-commerce site operators of phishing incidents and compromised credentials. 
  • Trusteer Mobile Solutions: fraud risk detection and prevention for mobile devices using a combination of a mobile security SDK, secure mobile browser and mobile risk engine. Trusteer Mobile also provides out-of-band authentication for secure transaction authorization and enables users to lockdown their online account when not in use.

Source: Trusteer

related articles:

popular articles:

Thumbnail-Photo: 4 tips on how to handle customer complaints
13.08.2020   #consulting #customer satisfaction

4 tips on how to handle customer complaints

How you can effectively respond to negative reviews and use them to be a benefit to your company

Most retailers don’t like customer complaints. Plus, they also mean extra work. Yet ignoring complaints is not a great long-term strategy because any bad customer experience can haunt your brand if it becomes public. That’s why retailers ...

Thumbnail-Photo: Walmart brings the big screen to its parking lots...
14.08.2020   #POS marketing #marketing

Walmart brings the big screen to its parking lots

Retailer’s first-ever drive-in movie theater

Walmart is lifting the curtain on plans for the Walmart Drive-in, a drive-in movie theater experience, which is rolling into 160 Walmart stores across the country beginning this month, created in partnership with the Tribeca Film Festival.Available ...

Thumbnail-Photo: Growth of online grocery sales in 2020
30.04.2020   #online trading #e-commerce

Growth of online grocery sales in 2020

New research by Mintel

The latest research from Mintel reveals the online grocery market is forecast to grow by 33 percent in 2020 to reach an estimated value of £16.8 billion, up from £12.7 billion in 2019. This phenomenal rise follows four consecutive years ...

Thumbnail-Photo: US retail spend set to decline 5.1 % this year...
08.05.2020   #retail #marketing research

US retail spend set to decline 5.1 % this year

More than double the fall of 2009’s financial crisis

As the second largest retail market in 2019 (behind China), the US is set to experience the steepest slump of all other countries this year (in terms of value) declining over 200 billion dollars versus 2019. Spend is forecast to fall 5.1 percent ...

Thumbnail-Photo: Pandemic fuels wine sales at grocery & convenience stores...
18.05.2020   #coronavirus #food retail

Pandemic fuels wine sales at grocery & convenience stores

Latest shopping data shared by Catalina and Koupon

Having closely tracked the impact of COVID-19 on buying behavior in grocery and drug stores since mid-February, shopper intelligence leader Catalina has compared sales data with its partner Koupon, the leading promotion solution provider for small ...

Thumbnail-Photo: The Virtual Africa Big Retail Expo 2020 (ABRE 2020)...
06.07.2020   #digital marketing #marketing research

The Virtual Africa Big Retail Expo 2020 (ABRE 2020)

The spotlight is on the emerging trends in the retail industry at The Virtual Africa Big Retail Expo 2020, set to take place on 6th August 2020

The event is scheduled to begin from 0900 EAT till 1400 EAT. This exhibition is the first annual event which is dedicated to discussing the following:How do retailers keep up as the world tries to deal with the enormous pressure to adapt to ...

Thumbnail-Photo: In-store farming: growing parsley inside the supermarket...
26.06.2020   #sustainability #in-store marketing

In-store farming: growing parsley inside the supermarket

Purchasing locally grown products

One aspect of globalization means that it’s possible for consumers to buy products from anywhere on Earth. That’s also why a head of lettuce may have traveled more miles from the place it was grown to the supermarket than some salad ...

Thumbnail-Photo: Coronavirus: digital commerce spend to fall by 14 percent in 2020...
28.04.2020   #online trading #e-commerce

Coronavirus: digital commerce spend to fall by 14 percent in 2020

Spend set to recover in 2021 as offline spend moves online

A new study from Juniper Research found that global spending on digital commerce will fall by 14 percent in 2020 as lockdowns and reductions in consumer spend are felt. Spending will fall from $11.2 trillion in 2019 to $9.7 trillion.The new ...

Thumbnail-Photo: Which businesses should be open?
17.06.2020   #brick and mortar retail #coronavirus

Which businesses should be open?

MIT study looks at tradeoffs between economic value and public health, across different types of retail

Banks and bookstores. Gyms and juice bars. Dental offices and department stores. The Covid-19 crisis has shuttered some kinds of businesses, while others have stayed open. But which places represent the best and worst tradeoffs, in terms of the ...

Thumbnail-Photo: Take a deep breath ...and get back to work!
26.05.2020   #brick and mortar retail #personnel management

Take a deep breath ...and get back to work!

Retail employee break rooms and rest breaks in Germany

Working hard is important, but so is taking proper rest breaks! Whether we spend this time alone or with colleagues, by getting some sunlight and fresh air or by relaxing in designated rooms – we all need to take a break sometimes to relax and ...

Supplier

POS TUNING Udo Voßhenrich GmbH & Co KG
POS TUNING Udo Voßhenrich GmbH & Co KG
Am Zubringer 8
32107 Bad Salzuflen