This article is more than 1 year old
Aussie fraud buster seized by global rival
Founder joins as global CTO
Cybercrime buster ThreatMetrix has added Australian malware protector TrustDefender to its global fold.
Following the acquisition TrustDefender 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 co-founder and CEO of TrustDefender Andreas Baumhof, will join ThreatMetrix as CTO.
"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," he added.
TrustDefender, which was founded in Sydney in 2006, services clients across banking, e-commerce, government, and cloud application providers to reduce the cost of online fraud.
The company gained attention for its combination of device and page fingerprinting technologies, which instantly detects the source of any attempts to compromise an organization's online defenses. ®