Forrester Praises ThreatMark for Fraud Prevention Capabilities

Forrester has recognized ThreatMark as one of the world’s leading providers of fraud prevention solutions for enterprise-level customers. The distinction comes in the Forrester’s Now Tech: Enterprise Fraud Management (EFM) report for the first quarter of 2021, which lists ThreatMark as an Enterprise Fraud Management Provider.

ThreatMark is best known for developing behavioral biometrics technology that protects the customer’s entire digital journey with an organization, from onboarding all the way through to authentication and the authorization of transactions during subsequent account sessions. To that end, the company’s solution analyzes a number of different behavioral traits to create a unique profile for each user and distinguish legitimate customers from fraudsters in real time.

“Businesses around the world, especially banks, are dealing with an increased level of fraud and social engineering attacks,” said ThreatMark CEO Michal Tresner. “ThreatMark AFS is built to significantly strengthen banks’ anti-fraud capabilities and optimize costs while providing a better and frictionless user experience. Being listed in Forrester’s Now Tech EFM report is a testament that our approach in fighting fraud is a great answer to the most pressing challenges of today.”

Tresner went on to note that the increase in digital traffic has corresponded to an increase in fraud during the COVID-19 pandemic. The Czech Republic-based ThreatMark recently warned about the rising threat of phishing attacks that seek to take advantage of the Google App Engine, which cybercriminals have used to target banks throughout Eastern and Central Europe. In 2018, ThreatMark also partnered with HID Global to develop anti-fraud solutions that would help financial services providers detect the presence of malware and other threats.

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March 8, 2021 – by Eric Weiss