For online retailers, scammers and fraudsters are a major concern. To help the good guys in the ongoing cat-and-mouse game, ThreatMetrix and CyberSource are partnering to develop a sophisticated set of fraud detection tools.
eCommerce Guide has the details about the new partnership.
On-demand security applications provider ThreatMetrix and CyberSource, a vendor of electronic payment and payment security services, are teaming up to build new, advanced identity protection applications on the CyberSource Decision Manager fraud management portal.
CyberSource’s (NASDAQ: CYBS) Decision Manager suite offers more than 200 pre-integrated fraud detection tests and services, a business rule editor and analytics that help companies manage and detect fraudulent activity.
Los Altos, Calif.-based ThreatMetrix uses a Software-as-a-Service model to deliver applications that provide digital fingerprints of online transactions and profiles the behavior of the device being used by an online buyer.
Company officials said the new identity protection application will used to detect suspicious orders by, for example, identifying when a potential cyber thief is trying to hide an IP address or whether or not the device attempting the transaction is also engaged in questionable behavior such as spamming or firewall scanning.
“Staying multiple steps ahead of fraudsters is a business imperative,” Cory Siddens, product manager for CyberSource’s Decision Manager unit, said in a statement. “By partnering with ThreatMetrix, we’ve added another key detector to our fraud management portal — enabling merchants to better profile the true identity and behavior of devices being used to make purchases on their sites.”