IBM acquires Trusteer
IBM Expands Security Portfolio to Combat Financial Fraud and Advanced Security Threats
IBM has closed the acquisition of Trusteer, a privately held leading provider of software that helps protect organizations against financial fraud and advanced security threats.
Also announced on August 15, 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 protection, malware, counter-fraud, and financial crimes. This lab is an addition to IBMâ€™s existing research and development facilities in Israel.
Trusteerâ€™s advanced fraud and malware protection are new and important capabilities for the IBM security portfolio. Trusteerâ€™s solutions will integrate and compliment IBM security offerings in the areas of fraud protection, advanced persistent threat protection, zero-day vulnerabilities, endpoint security and threat intelligence services. The acquisition strengthens IBMâ€™s leadership position in enterprise cyber security and helps protect web applications, computer networks and mobile devices.
Hundreds of financial institutions and other organizations rely on Trusteer to protect their web applications and their employeesâ€™ and customersâ€™ computers and mobile devices from online threats that are often invisible to legacy security solutions. Trusteer combines multi-layer security software with real-time threat intelligence designed to achieve sustainable protection against malware and phishing attacks and help customers meet regulatory compliance requirements. Seven of the ten top U.S. banks and nine of the top ten U.K. banks use Trusteerâ€™s solutions to better secure customer accounts against financial fraud and cyber attacks.
Among the capabilities Trusteer brings to IBMs security portfolio:
Consistent with IBM strategy, IBM will continue to support and enhance Trusteerâ€™s clients and technologies while allowing them to take advantage of the broader IBM portfolio. Trusteer will be part of the Security Systems business within Software Group.