Tuesday, August 20, 2013

IBM Acquires Cybersecurity Software Corp to Share With US Gov

The Truth Behind The News Susanne Posel Occupy Corporatism August 17, 2013 IBM has purchased Trusteer, an Israeli software developer corporation that focuses on cybersecurity and fraud prevention. Headquarters will remain in Tel Aviv; along with research and development facilities where laboratories dedicated to cybersecurity issues that affect cellular phones, malware, fraud and financial criminals. Brendan Hannigan, general manager of security systems for IBM stated : “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 hackers.” Trusteer has become a trusted ally within the last few years as hacker and security attacks have grown. IBM announced: “Seven of the ten top U.S. banks and nine of the top ten U.K. banks use Trusteer’s solutions to better secure customer accounts against financial fraud and cyber attacks.” Trusteer is marketed to financial institutions that can pass the cost of the software onto their customers. In this, IBM will be “investing” in Trusteer to the tune of $10 million. The cost of the takeover is closer to $1 billion.



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