IBM to Acquire Trusteer to Help Companies Combat Financial Fraud

IBM has announced that it will be acquiring Trusteer, a leading provider of software that helps protect organisations against financial fraud and advanced security threats.

The acquisition of Trusteer advances the investment IBM is making in cloud-delivered software and services.

As part of this announcement, 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, malware, counter-fraud, and financial crimes.

Among the capabilities Trusteer will bring to the IBM security portfolio are:

– Security as a Service Delivered through the Cloud

– Comprehensive Counter-Fraud and Advanced Persistent Threat (APT) Protection

– The Ability to Secure Mobile Transactions

– A Cybersecurity Software Lab

“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,” said Brendan Hannigan, General Manager, Security Systems Division, IBM.

“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.”

You can read IBM’s full press release here.