IBM Acquires Cloud Security Firm Trusteer, Opens Cybersecurity Lab in Israel

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IBM announced on Thursday it will acquire cloud security provider Trusteer for an undisclosed amount. The company has offices in Boston and Tel Aviv, Israel.

The purchase is the latest in a series of recent acquisitions for IBM, which include virtualization management technology firm CSL International, web hosting and cloud hosting provider SoftLayer Technologies, and cloud accelerator software deveploper UrbanCode.

Trusteer provides a portfolio of security and threat intelligence offerings that safeguard companies from major threats such as financial fraud, malware and data breaches.

The company recently launched Trusteer Pinpoint, a new web login transaction monitoring service that detects malware without the installation of software on the endpoint device.

Along with this acquisition, IBM is opening a cybersecurity software lab in Israel that will be manned by more than 200 Trusteer and IBM researchers and developers, who will research advanced threat, malware, counter-fraud, financial crimes and mobile security solutions.

The company will combine its Israel security research and development capabilities along with Trusteer research in Tel Aviv to form an IBM cyber-security software lab.

Trusteer’s fraud and malware protection capabilities will be added and integrated to the IBM security portfolio, which is comprised of solutions for fraud protection, advanced persistent threat protection, zero-day vulnerabilities, endpoint security and threat intelligence services.

In addition, the purchase of Trusteer will help to further solidify IBM’s leadership position in enterprise cyber security as the company continues to protect web applications, computer networks and mobile devices.

Trusteer provides products and services protect their web applications, along with their employee and customers’ computers and mobile devices from any malicious threats.

Using multi-layer security software with real-time threat intelligence, Trusteer’s solutions are designed to protect against malware and phishing attacks, as well as enable customers meet regulatory compliance requirements.

Trusteer’s capabilities include web fraud protection, web fraud capabilities for financial services and web commerce, secure mobile transactions, embedded security for mobile devices and applications helps enables secure transactions from devices to the back office, extended advanced threat protection, unique endpoint solution for identifying and protecting against advanced persistent threats, security as a service, and cloud based deployment enabling rapid and real-time updates.

IBM says it plans to incorporate Trusteer into its Security Systems business within Software Group.

The acquisition is expected to close at then end of the third quarter of 2013.

Last month, Trusteer released research findings that show an increasing number of financial institutions are being targeted by the SpyEye Trojan. The company said its risk analysis teams have also found an increase in the number of countries where financial institutions are being targeted by fraudsters using SpyEye.

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