14 DAY TRIAL // IBM has entered a definitive agreement to acquire Israel-based Trusteer
, a leading provider of web fraud and advanced malware detection and prevention technology.
Trusteer technologies will improve IBM’s security portfolio in several areas, including Security-as-a-Service (SaaS) delivered through the cloud, comprehensive fraud and advanced persistent threat (APT) protection, and mobile transaction security.
As part of the agreement, IBM will combine its Israel-based software security research and development team with Trusteer’s team. The new IBM Cybersecurity Software Lab, which will bring together over 200 researchers and developers from both companies, will focus its work on mobile and application security, and advanced malware and fraud detection.
Currently, seven of the top 10 US banks and nine of the top 10 UK banks rely on Trusteer’s solutions to protect their customers against cyberattacks and fraud.
“Trusteer’s expertise and superior technology in enterprise endpoint defense and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing,” commented Brendan Hannigan, general manager at IBM’s security systems division.
“Together with IBM’s capabilities in advanced threat detection, analysis and remediation, we will now be able to offer our clients several additional layers of defense against sophisticated attackers,” he added.
“The way organizations protect data is quickly evolving,” stated Mickey Boodaei, CEO, Trusteer.
“As attacks become more sophisticated, traditional approaches to securing enterprise and mobile data are no longer valid. Trusteer has helped hundreds of large banks and organizations around the world defeat thousands of sophisticated attacks using innovative solutions that combine intelligence, cloud, mobile, and desktop technologies.”
The financial terms of the deal have not been disclosed.
Take a look at a video that announces the acquisition:
