SOURCE: ThreatMetrix

ThreatMetrix

June 17, 2010 07:00 ET

ThreatMetrix Announces Reseller Agreement With Rikei Corporation to Tackle Online Fraud in Japan

Japan Faces Growing Domestic and International Fraud Challenges With the Rapid Rise of Online Banking, E-Commerce and Social Networks

LOS ALTOS, CA--(Marketwire - June 17, 2010) -  ThreatMetrix™, a fast growing provider of fraud prevention solutions that do not require personally identifiable information (PII), today announced that it has signed a reseller agreement with Rikei Corporation, a Japan-based information technology company, to resell ThreatMetrix Fraud Network solutions to control online fraud and abuse in Japan. As part of the reseller agreement, Rikei has assembled a dedicated ThreatMetrix team focused on online banking, e-commerce and social networking.

"We're pleased to announce that we've selected Rikei Corporation to resell our leading ThreatMetrix Fraud Network online fraud solutions in Japan," said David Jones, chief technology officer, vice president of engineering and co-founder, ThreatMetrix. "With the second largest Internet population in Asia Pacific after China, and as more Japanese companies adopt card not present (CNP) transactions, fraudulent credit card orders are on the rise. ThreatMetrix Fraud Network solutions can help these companies stop fraud so that they can sell more, grow faster, protect their brands, and provide customers a better online experience."

Delivered via the software-as-a-service (SaaS) model, ThreatMetrix Fraud Network solutions provide IT, e-commerce, security and fraud professionals with a rich set of tools for verifying new accounts, authorizing payments and transactions, and authorizing user logins, all in one integrated system, in real-time, without customers providing PII.

Most fraud prevention and customer authentication systems use PII to determine whether a customer is legitimate or a fraudster. But sophisticated cyber criminals can easily circumvent this challenge, and web users are increasingly reluctant to share personal information when shopping, sharing and banking online. ThreatMetrix solutions, which profile the computer used to create an account or execute a transaction, are popular among security professionals because they don't require the use of PII to assess customer legitimacy. Instead, ThreatMetrix' unique packet signature analysis technology detects the use of botnets and proxies, and reveals the true location of the device as well as the device's identity. 

About Rikei Corporation
Founded in 1957 and headquartered in Tokyo, Rikei Corporation is listed in the second section of the Tokyo Stock Exchange and is a leading supplier of information technology components, products and systems in Japan. The company has two business divisions: the IT Solution and Services division is engaged in the provision of system solutions and network solution services while the Electronic Component and Equipment division offers electronic components and equipment. The company has four subsidiaries located in Japan, the United States, Hong Kong and Singapore.

About ThreatMetrix 
ThreatMetrix helps companies stop web fraud and enable e-commerce. 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 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 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.

Contact Information

  • Media Contacts:

    Dan Rampe
    ThreatMetrix
    Tel: 650-625-1451, ext. 122
    Email: Email Contact

    Kevin Wolf
    Tool Guy PR
    Tel: 650-327-1641
    Email: Email Contact