Trusteer and Group-IB to Fight Eastern European Cybercrime Rings

Companies Will Integrate Threat Research and Crime Rings Intelligence to Deliver Best-in-Class Fraud Prevention Solutions for Financial Institutions

BOSTON--(BUSINESS WIRE)--Trusteer, the leading provider of endpoint cybercrime prevention solutions, and Group-IB, a leading European incident response and security research firm, today announced a partnership to help financial institutions fight cyber fraud. The companies will conduct threat research focused on eastern European fraud rings and integrate actionable intelligence into the fraud prevention solutions they offer to financial institutions around the world.

“Most fraud attempts against European and North American banks are carried out by eastern European cybercrime rings”

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“Most fraud attempts against European and North American banks are carried out by eastern European cybercrime rings,” said Mickey Boodaei, CEO of Trusteer. “By integrating Group-IB’s unique and accurate intelligence into Trusteer Rapport and Trusteer Pinpoint, financial institutions will be able to block these attacks, fully understand the attack flow, the crime group behind it, and the success rate of each attack against other organizations around the world.”

“Trusteer is recognized around the world as the leading provider of financial cybercrime prevention solutions,” said Ilya Sachkov, CEO of Group-IB. “Working with Trusteer will enable our mutual customers to benefit from proprietary threat intelligence on cybercriminal rings, their tools, tactics and infrastructure - in order to better protect themselves and their customers.”

The Trusteer/Group-IB Partnership

Trusteer and Group-IB will focus on the following three areas of cybercrime research to extend their products’ fraud prevention capabilities:

1) Malware & Botnets

The companies will share information on banking botnet activity, infected machines, malware configurations and protection methods.

2) Server & Client-Side Vulnerabilities

Group-IB will pool its expertise in researching server-side vulnerabilities in leading online banking applications with Trusteer’s worldwide network that monitors and detects new financial malware attacks against vulnerable endpoint applications.

3) Threat & Online-Banking Fraud Intelligence

Trusteer and Group-IB will combine their knowledge and discoveries of underground “for hire” cyber fraud services including "money-mule" rings, new malware kits, pre-built webinjects, and more.

About Trusteer

Boston-based Trusteer is the leading provider of endpoint cybercrime prevention solutions that protect organizations against financial losses and data breaches. Hundreds of organizations and millions of end users rely on Trusteer to protect managed and unmanaged endpoints against exploitation and compromise by online threats that are invisible to legacy security solutions. Global organizations such as HSBC, Santander, The Royal Bank of Scotland, SunTrust and Fifth Third are among Trusteer’s customers. www.trusteer.com.

About Group-IB

Group-IB is a computer security company, specializing in the information security assessment and vulnerability research, information security breaches, and computer forensics. On the basis of Group-IB, CERT-GIB (http://cert-gib.com) operates as the first private computer emergency response team in Russia. CERT-GIB provides the client with comprehensive support in minimizing informational risks, consisting of technical, organizational, and legal advice. www.group-ib.com