ThreatMetrix to Showcase Leading Online Fraud Prevention Solutions at January 12 – 14 Ticket Summit in New York

LOS ALTOS, CA–(Marketwire – December 8, 2010) – ThreatMetrix™, a fast growing provider of fraud prevention solutions that do not require personally identifiable information (PII), today announced that Alisdair Faulkner, chief products officer, ThreatMetrix, will be speaking and the company will be exhibiting at Ticket Summit®, the leading conference and trade show for the live entertainment industry, January 12 – 14, at The Waldorf Astoria, New York.

“Online ticketing companies are in the cross sights of professional fraudsters as evidenced by the recent ‘Wise Guys’ conviction in which fraudsters made more than $25 million in illegal profits by using automated computer programs to cut ahead of the public to buy and resell more than one million tickets to events like Bruce Springsteen concerts and the Rose Bowl football game,” said Faulkner. “ThreatMetrix helps ticketing organizations identify and prevent online fraud using the latest device identification technologies.”

Most recently, ThreatMetrix introduced the Fall 2010 release of the ThreatMetrix Fraud Network incorporating ThreatMetrix SmartID™ which enables companies to stop online fraud while protecting customer privacy without the use of cookies and cookie equivalents such as local stored objects (LSO).

With the introduction of the Fall 2010 release of the ThreatMetrix Fraud Network, ThreatMetrix has enhanced businesses ability to detect returning visitors based on the attributes of the device — be it a smartphone, personal or tablet computer — without using any cookie information and has improved rules to use this information to detect spoofed devices and IP addresses as well as sniff out botnets.

WHAT:

Ticket Summit 

WHEN:

January 12 – 14, 2011. Faulkner will be speaking on the technology and innovations panel which will take place from 2:00 – 2:50 p.m., Thursday, January 13.

WHERE:

The Waldorf Astoria, New York, New York

WHY:

ThreatMetrix detects and prevents payments and transaction fraud in ticketing scenarios where criminals use stolen credit cards to make purchases online (often referred to as card not present or CNP).

Ticket Summit attendees attending the ThreatMetrix presentation will learn from real life case studies showing the latest techniques to detect and prevent ticketing fraud and how to:

• Stop fraud associated with fully paperless tickets
• Stop chargebacks, payments and transaction fraud the first time based on device anomalies
• Instantly recognize device, credential and behavioral anomalies based on transaction or payment context
• Increase revenue by declining good customers less often

To read a ThreatMetrix blog on why cookies are dead in the fight against fraud visit:
http://www.threatmetrix.com/fraudsandends/analyst/cookies-are-dead-in-the-fight-against-fraud-r-i-p/

To read more on the Fall 2010 release of the ThreatMetrix Fraud Network incorporating ThreatMetrix SmartID visit: http://www.threatmetrix.com/the-threatmetrix-fraud-network-fall-2010-release

About Ticket Summit
Ticket Summit is the world’s leading ticket conference and trade show for live entertainment professionals. This event attracts hundreds of global business leaders, entrepreneurs, and entertainment experts in the ticket community. Past attendees and sponsors include: Billboard, Blue Man Group, Broadway.com, eBay, Forbes, Google, Live Nation, MLB, NBA, NFL, NHL, PowerPay, StubHub, Ticketmaster, and Yahoo!, among others. The upcoming Ticket Summit conference and trade show is scheduled for January 12-14, 2011 at The Waldorf-Astoria in New York, NY. For information, visit www.TicketSummit.org.

About ThreatMetrix
ThreatMetrix helps companies stop web fraud and enable e-commerce in real-time so they can significantly reduce online fraud, acquire more customers faster, reduce costs, and increase customer satisfaction. The ThreatMetrix Fraud Network helps online businesses verify new accounts, authorize payments and transactions and authenticate user logins in real-time without relying on personally identifiable information (PII). ThreatMetrix profiles the device used in an online transaction so companies can determine whether the users are fraudsters or customers. ThreatMetrix device profiling goes beyond browser fingerprinting to identify the device, bypass proxies and detect the use of botnets. ThreatMetrix’ simple and cost-effective software-as-a-service (SaaS) approach to implementation enables companies to get results in hours or days, rather than weeks or months. The company serves a rapidly growing customer base in the U.S. and around the world across a variety of industries including social networks (dating, gaming), financial services, e-commerce, affiliate marketing and payments. For more information, visit www.threatmetrix.com or call 1-650-625-1451.

© 2010 ThreatMetrix. All rights reserved. ThreatMetrix, ThreatMetrix SmartID, ThreatMetrix ExactID, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

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