HID Global to Collaborate with ThreatMark on its New Cyber Threat Solutions for Banking and Finance Sectors
HID Global, 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.