Kaspersky Lab Joins Forces with Merchant Risk Council to Help Combat eCommerce Fraud

News

28 March 2018

As part of its mission to tackle online fraud, Kaspersky Lab has become the latest company to join forces with the Merchant Risk Council as Premier Solution Provider. The move further demonstrates Kaspersky Lab's commitment to helping online retailers and eCommerce businesses protect themselves and their customers from fraudsters.

The Merchant Risk Council brings together a diverse mix of over 500 member companies, all of which are focused on optimizing payments and reducing eCommerce fraud. As an independent, not-for-profit business association, the Merchant Risk Council aims to facilitate collaboration between eCommerce payments and risk professionals -- something that the team at Kaspersky Lab is passionate about.

Through the partnership, Kaspersky Lab brings over 20 years of expertise in developing cybersecurity solutions to the Merchant Risk Council. As a trusted fraud prevention partner, the company is well-placed to advise other members about how to avoid risk, in an online environment where fraudsters are increasingly hard to catch.

Kaspersky Lab's comprehensive fraud prevention offering is designed to empower online retailers so that they can grow without security concerns or usability issues. Through advanced technologies, Kaspersky Fraud Prevention delivers next generation context authentication, pre-real-time fraud detection and new money laundering detection capabilities. The solution is furthermore wrapped in a customer-centric approach to address the real-world issues businesses face on a daily basis.

Markus Bergthaler, the Merchant Risk Council's Director of Programs and Marketing, says, "Fraud is a constantly changing and evolving landscape, which means it is challenging for merchants to successfully manage and combat. Having Kaspersky Lab's team of experts on board brings an added layer of expertise to our expanding group of members. Together, we hope to be able to share knowledge and tackle this threat head on, making the Internet a safer place for everybody to buy and do business."

Alexander Ermakovich, Head of Kaspersky Fraud Prevention, says, "Most customers now use online and mobile channels for their daily needs, so it's important for online and eCommerce businesses to be able to deliver high-level services with maximum functionality. Having honed our fraud prevention offering for the financial services industry, we have also evolved it to arm eCommerce, retail and loyalty schemes with the tools they need to protect themselves and their customers from fraud. We are looking forward to sharing our expertise in this area with other members of the Merchant Risk Council."

More information about Kaspersky Lab's fraud prevention portfolio is available on the Kaspersky Lab website.


About Kaspersky Lab
Kaspersky Lab is a global cybersecurity company, which has been operating in the market for over 20 years. Kaspersky Lab's deep threat intelligence and security expertise is constantly transforming into next generation security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky Lab technologies, and Kaspersky Lab helps 270,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.