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Primeur weekly 2013-08-19

Special

Is 64-bit arithmetic likely to become essential in future scientific computing? ...

Focus

EGI.eu and the University of Messina provided training on Europe's largest scientific federated Cloud at the Cloud Summerschool Almere ...

The Cloud

On our Way towards a New Utility ...

Distributed data safer than centralized Cloud data ...

South Africa's National Airways Corporation securing 20 terabytes of data in HP Autonomy Cloud ...

GAME wins customer loyalty through a Cloud based, IBM smarter commerce approach ...

IBM awarded 10 year $1 billion Cloud hosting services contract to assist US Department of Interior's move to Cloud computing ...

Desktop Grids

.NET GUI RPC binding available ...

EuroFlash

Keynote speakers announced for Altair's Biennial Technology Conference ...

Using high-performance computing to gain new insights into turbulence ...

PRACE to issue Open Calls for Proposals for Regular Access ...

A significant EU supercomputing resource for simulations of interactions between enteroviruses and gold nanoparticles ...

Deutsches Krebsforschungszentrum installs Convey hybrid-core computers to speed next-generation sequencing ...

Teleported by electronic circuit: ETH-physicists beam information ...

Quantum teleportation: Transfer of flying quantum bits at the touch of a button ...

USFlash

GE and Sandia National Lab discover pathway to quieter, more productive wind turbines ...

Western Australian Government invests $26 million in astronomy and the Square Kilometre Array ...

Researchers at Michigan State University use TACC supercomputers to understand DNA bending and repair mechanisms ...

Themis Systems introduces NVIDIA Kepler-based GPGPU and NVIDIA GRID accelerated RES-NT2 high performance computers ...

HP helps software-defined storage customers maximize server investments with data tiering ...

IBM to acquire Trusteer to help companies combat financial fraud and advanced security threats ...

Oracle introduces the Oracle Virtual Compute Appliance ...

Memory breakthrough could bring faster computing, smaller memory devices and lower power consumption ...

SMART Modular Technologies announces new e.MMC product family ...

Scientists find asymmetry in topological insulators ...

IBM to acquire Trusteer to help companies combat financial fraud and advanced security threats

15 Aug 2013 Armonk - IBM has signed a definitive agreement to acquire Trusteer, a provider of software that helps protect organisations against financial fraud and advanced security threats. The acquisition of Trusteer advances the investment IBM is making in Cloud-delivered software and services. Financial terms were not disclosed.

IBM is forming a cybersecurity software lab in Israel that will bring together more than 200 Trusteer and IBM researchers and developers to focus on mobile and application security, advanced threat, malware, counter-fraud, and financial crimes. This lab is an addition to IBM's existing research and development facilities in Israel.

With offices located in Boston and Tel Aviv, Israel, Trusteer helps hundreds of organisations including many financial institutions protect Web applications, employee and customer computers, and mobile devices from threats. Cybercriminals are becoming increasingly efficient in creating and deploying attacks to bypass existing security controls.

Trusteer software can identify security threats that can be missed by traditional security software. For example, to help ensure that banking customers can safely transfer money on a mobile device, Trusteer software performs detection of malware that can infect a smartphone, enabling the bank to take steps to prevent fraudulent behaviour and account takeover before the transaction occurs. Seven of the top 10 U.S. banks and nine of the top 10 U.K. banks use Trusteer’s solutions to help secure customer accounts against financial fraud and cyber attacks.

"Trusteer's expertise and superior technology in enterprise endpoint defense and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing", stated Brendan Hannigan, General Manager, Security Systems Division, IBM. "Together with IBM's capabilities in advanced threat detection, analysis and remediation, we will now be able to offer our clients several additional layers of defense against sophisticated attackers."

"The way organisations protect data is quickly evolving", stated Mickey Boodaei, CEO, Trusteer. "As attacks become more sophisticated, traditional approaches to securing enterprise and mobile data are no longer valid. Trusteer has helped hundreds of large banks and organizations around the world defeat thousands of sophisticated attacks using innovative solutions that combine intelligence, Cloud, mobile, and desktop technologies."

Among the capabilities Trusteer will bring to the IBM security portfolio:

  • Security as a Service Delivered through the Cloud

Cloud-delivered security solutions by Trusteer will complement more than 100 Software as a Service (SaaS) solutions offered by IBM. In addition to traditional IT solutions, Trusteer leverages SaaS architecture to enable protected PCs, desktops, smartphones and tablets to rapidly adapt against emerging threats. Because Trusteer software can be delivered through the cloud, organizations can receive accurate, real-time updates on malicious activities and the latest threats, better protecting data from fraud and compromise.

  • Comprehensive Counter-Fraud and Advanced Persistent Threat (APT) Protection

Trusteer's cybersecurity protection can scale to help protect tens of millions of endpoints, including smartphones and tablets. One of the primary targets of malware attacks are consumer endpoints. Malware installed on a bank customer's PC or smartphone, for example, can generate fraudulent transactions. Additionally, malware and phishing can help attackers steal credentials and other personal data. Financial malware and fraudulent activity can be identified and removed using solutions from Trusteer.

The acquisition of Trusteer will complement IBM's advanced portfolio of counter-fraud software and services, including QRadar, i2, SPSS, InfoSphere and Enterprise Content Management. These capabilities offer predictive, content and investigative analytics to help prevent and solve cases of fraud for private and public sector organisations.

  • Helping to Secure Mobile Transactions

Of the top 25 US financial institutions, about half are offering mobile person-to-person transfers and mobile remote deposit capabilities, a figure that has more than doubled since 2011. This steady increase in adoption is putting the mobile channel in the crosshairs of account takeover attacks that are launched using credentials stolen from customers via phishing and malware attacks. Trusteer can help provide account takeover prevention, compromised device detection, complex device fingerprinting and a global fraudster database.

IBM also announcing will combine its Israeli software security research and development team along with Trusteer's research and development team in Tel Aviv to form an IBM Cybersecurity Software Lab. This lab will focus on mobile and application security, as well as advanced fraud and malware detection. Trusteer's research and global expertise in fraud intelligence and malware helps provide organisations with protection in a constantly evolving threat landscape. This is done by analyzing data gathered from more than 30 million endpoints, using data analytics to develop real-time, actionable intelligence that will be incorporated into IBM's security products and services.
Source: IBM

Back to Table of contents

Primeur weekly 2013-08-19

Special

Is 64-bit arithmetic likely to become essential in future scientific computing? ...

Focus

EGI.eu and the University of Messina provided training on Europe's largest scientific federated Cloud at the Cloud Summerschool Almere ...

The Cloud

On our Way towards a New Utility ...

Distributed data safer than centralized Cloud data ...

South Africa's National Airways Corporation securing 20 terabytes of data in HP Autonomy Cloud ...

GAME wins customer loyalty through a Cloud based, IBM smarter commerce approach ...

IBM awarded 10 year $1 billion Cloud hosting services contract to assist US Department of Interior's move to Cloud computing ...

Desktop Grids

.NET GUI RPC binding available ...

EuroFlash

Keynote speakers announced for Altair's Biennial Technology Conference ...

Using high-performance computing to gain new insights into turbulence ...

PRACE to issue Open Calls for Proposals for Regular Access ...

A significant EU supercomputing resource for simulations of interactions between enteroviruses and gold nanoparticles ...

Deutsches Krebsforschungszentrum installs Convey hybrid-core computers to speed next-generation sequencing ...

Teleported by electronic circuit: ETH-physicists beam information ...

Quantum teleportation: Transfer of flying quantum bits at the touch of a button ...

USFlash

GE and Sandia National Lab discover pathway to quieter, more productive wind turbines ...

Western Australian Government invests $26 million in astronomy and the Square Kilometre Array ...

Researchers at Michigan State University use TACC supercomputers to understand DNA bending and repair mechanisms ...

Themis Systems introduces NVIDIA Kepler-based GPGPU and NVIDIA GRID accelerated RES-NT2 high performance computers ...

HP helps software-defined storage customers maximize server investments with data tiering ...

IBM to acquire Trusteer to help companies combat financial fraud and advanced security threats ...

Oracle introduces the Oracle Virtual Compute Appliance ...

Memory breakthrough could bring faster computing, smaller memory devices and lower power consumption ...

SMART Modular Technologies announces new e.MMC product family ...

Scientists find asymmetry in topological insulators ...