Global Provider of Cybercrime and Financial Fraud Prevention Solutions is Deployed by Leading Banks and Enterprises
BOSTON: Trusteer, the leading provider of endpoint cybercrime prevention solutions, today announced that for the second consecutive year it was positioned by Gartner Inc. as a Leader in the Magic Quadrant report for Web Fraud Detection (WFD) published May 30 by analysts Avivah Litan and Peter Firstbrook.According to the Gartner report, “The 2012 demand for WFD products and services was driven by increasing cyberattacks across multiple sectors, including financial services, online retail, travel, ticketing, entertainment, social networking and gaming. The WFD market grew more than 48% in 2012 to $450 million.”
“We believe Trusteer's position in the Leaders Quadrant for the second year in a row reinforces why our global cybercrime prevention architecture is deployed by the leading financial institutions in the world,” said Mickey Boodaei, CEO of Trusteer. “Customers choose Trusteer because we transparently secure endpoints and web applications with multiple adaptive layers of protection which are supplemented by a global web-based threat intelligence network.”
Leaders Quadrant for Web Fraud Detection
The report states the Leaders Quadrant contains “fraud prevention vendors that have well-established records in online fraud detection. They earn high scores from their customers for their ability to effectively stop fraud while minimizing inconvenience to end users. They also earn high marks for responsive customer service and relatively easy implementations. Their product, sales and marketing strategies and executions are strong, and they continue to innovate and improve their services. They are firmly committed to staying and winning in this market, and to developing their products and services to meet evolving customer needs. All offer their services through SaaS-based models. They have also demonstrated that they can support markets in different parts of the world, other than their home countries.”
Trusteer is deployed by hundreds of organizations and tens of millions of end users around the world to prevent financial fraud. The company’s portfolio of products protects desktops, mobile devices, online banking applications and enterprises against data theft, phishing, malware attacks and account takeover. Trusteer blocks online threats that are invisible to legacy security solutions by combining multi-layer security software with real-time intelligence to achieve sustainable protection against malware, phishing attacks and to support regulatory compliance requirements. It uses a global footprint that spans North America, Europe, the Middle East and Asia to detect emerging threats and quickly deploy countermeasures to customers in all geographies.
The company recently introduced Trusteer Apex that protects enterprise employees against today’s biggest security threat: the exploitation of zero-day and unpatched vulnerabilities in endpoint applications, such as web browsers, Adobe Acrobat, Flash, Java and Microsoft Office.