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IBM swallows security firm Trusteer for anti-hacking technology

Focusing on mobile security, counter-fraud and malware detection
Thu Aug 15 2013, 15:55
IBM logo in black with white text

ENTERPRISE TECHNOLOGY GIANT IBM has swallowed Israeli security firm Trusteer to boost its customers' cyber defences with the company's anti-hacking technology.

IBM announced that it has signed a definitive agreement with Trusteer to create a security lab in Israel focusing on mobile and application security, counter-fraud and malware detection staffed by 200 Trusteer and IBM researchers.

IBM will also take control of the security firm and its advanced financial fraud and security threat protection portfolio as part of the deal.

GM of the Security Systems division of IBM Brendan Hannigan said the combined arsenal of Trusteer's various tools and IBM's existing defence services will offer end-to-end cyber security for customers.

"Trusteer's expertise and superior technology in enterprise endpoint defence and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing," he said.

"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 defence against sophisticated attackers."

Trusteer CEO Mickey Boodaei added that the centre is an essential step in the companies' ongoing efforts to keep pace with blackhat hackers, who are constantly developing new, more sophisticated ways to target companies. "The way organisations protect data is quickly evolving," he said.

"As attacks become more sophisticated, traditional approaches to securing enterprise and mobile data are no longer valid.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 organisations around the world defeat thousands of sophisticated attacks using innovative solutions that combine intelligence, cloud, mobile and desktop technologies."

IBM didn't reveal how much it paid for the company. µ


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