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IBM has agreed to purchase Trusteer, an Israeli company whose technology aims to prevent fraud on mobile devices and in computer applicationsand whose client roster already includes Bank of America (BAC), ING Direct and HSBC.
August 15 -
A hack that exposes information on cellphones' SIM cards could potentially endanger customers' bank information.
July 23 -
To contend with a major security threat outside banks' control malware that online or mobile banking customers allow on their computers clientless detection products look at incoming transactions for signs of foul play.
July 8
IBM announced Tuesday that it has acquired Trusteer, an Israeli company that provides organizations with counter-fraud and cybersecurity software.
The deal,
"The acquisition of Trusteer builds on more than 40 years of IBM's rich contribution to the security space," IBM Security Systems general manager Brendan Hannigan said in a press release Tuesday. "Trusteer will extend our data security capabilities further into the cloud, mobile and endpoint security space. This acquisition helps provide our clients with comprehensive network and endpoint anti-malware solutions."
The financial terms of the deal were not disclosed.
IBM also announced plans in August to open a cybersecurity lab in Israel. Trusteer and IBM researchers and developers will team up to develop software that provides mobile and application security and counters fraud, malware and financial crimes.
