HID Global to Collaborate with ThreatMark on its New Cyber Threat Solutions for Banking and Finance Sectors
ID Global®, a worldwide leader in trusted identity solutions, today announced that it has signed a collaboration agreement with ThreatMark, a threat and fraud detection technology company, to develop new capabilities that will enhance the ability of financial institutions to detect cyber threats, such as malware, application hacking, phishing, account takeover, identity theft and fraudulent transactions.
HID’s expertise in Identity & Access Management (IAM) includes multi-factor authentication, credential management system software and identity verification capabilities in complex environments. HID’s capabilities complement ThreatMark’s expertise in cyber-criminal detection and fraud prevention. The two companies will work together to extend threat and fraud detection in order to meet today’s ever-increasing risk from cyber attacks.
“With cyber threats continuously evolving, HID Global is committed to advancing and extending our threat detection capabilities,” said Martin Ladstaetter, Vice President Products for IAM Solutions at HID Global. “Working with ThreatMark not only provides a partnership with a very successful company with domain know-how, but it also gives us visibility into an even broader attack surface that needs to be addressed, ensuring that we are staying ahead of cyber threats today and in the future.”
“Collaborating with HID gives ThreatMark the opportunity to combine our expertise to improve the overall security ecosystem through threat and fraud detection,” said Michal Tresner, CEO ThreatMark. “ThreatMark has differentiated itself by providing innovative deep behavioral profiling technology that, together with advanced analytics, can help to understand how cyber-criminal work. Collaboration with companies like HID Global allow us to broaden our reach and develop better integrated solutions.”
HID Global provides the broadest range of market-leading IAM solutions as the only company that can truly deliver a converged physical and logical identity management solution for high assurance and multi-factor authentication. ThreatMark’s solution integrated with HID Global’s portfolio for securing both consumer and employee transactions in banking and finance will greatly enhance security while maintaining a frictionless user experience that is important to the banking industry.
About HID Global
HID Global powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and over 2 billion things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID Global has over 3,000 employees worldwide and operates international offices that support more than 100 countries. HID Global® is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
ThreatMark is highly specialized research and development laboratory combining hacker level security know how with latest machine learning technology to combat cyber threats and online fraud. ThreatMark’s research into malware detection, artificial intelligence and behavioral biometry, is applied into the production environment of global banks, lending and payment providers and other online businesses that trust ThreatMark during their everyday operation.
ThreatMark solutions are designed to address the weakest link in security – the human factor. By monitoring subtle changes of the complex human behavior during their online business interactions even the stealthiest cyber-attack or fraud attempt can be identified and mitigated in the real-time. To learn more please visit www.threatmark.com
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