IBM is also setting up a cybersecurity software lab in Israel IBM has signed an agreement to acquire security company Trusteer, and plans to set up a cybersecurity software lab in Israel.The financial terms of the proposed acquisition were not disclosed. With offices in Boston and Tel Aviv, Trusteer is a provider of endpoint cybercrime prevention technology and services, with customers among the top banks in the U.S., Canada and Australia.The acquisition will bring to IBM capabilities in the areas of security as a service delivered through the cloud, counter-fraud and advanced persistent threat protection and secure mobile transactions, IBM said Thursday.The Trusteer technologies will complement IBM’s own software-as-a-service (SaaS) offerings and its portfolio of counter-fraud software and services, including QRadar, i2, SPSS, InfoSphere and Enterprise Content Management. The cybersecurity software lab in Israel will combine 200 IBM and Trusteer staff working in the area of software security research and development, and will focus on mobile and application security, advanced threat, malware, counter-fraud, and financial crimes, IBM said. The new lab, called IBM Cybersecurity Software Lab, will be in addition to IBM’s existing research and development facilities in Israel.Trusteer’s Cybercrime Prevention Architecture combines multi-layer security software with real-time threat intelligence to provide protection against malware and phishing attacks and meet regulatory compliance requirements, the company said on its website. Founded in 2006, Trusteer has been diversifying outside the financial services market. It announced in July, for example, the general availability of its e-commerce fraud prevention service, to offer “bank grade” security to retailers, social media, dating, gaming and other consumer websites. It set up in April a sales and service center in Beijing to address demand from financial institutions in mainland China, Hong Kong and Taiwan for its fraud prevention and endpoint protection products.John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John’s e-mail address is john_ribeiro@idg.com Related content feature Top cybersecurity M&A deals for 2023 Fears of recession, rising interest rates, mass tech layoffs, and conservative spending trends are likely to make dealmakers cautious, but an ever-increasing need to defend against bigger and faster attacks will likely keep M&A activity steady in By CSO Staff Sep 22, 2023 24 mins Mergers and Acquisitions Mergers and Acquisitions Mergers and Acquisitions brandpost Unmasking ransomware threat clusters: Why it matters to defenders Similar patterns of behavior among ransomware treat groups can help security teams better understand and prepare for attacks By Joan Goodchild Sep 21, 2023 3 mins Cybercrime news analysis China’s offensive cyber operations support “soft power” agenda in Africa Researchers track Chinese cyber espionage intrusions targeting African industrial sectors. By Michael Hill Sep 21, 2023 5 mins Advanced Persistent Threats Cyberattacks Critical Infrastructure brandpost Proactive OT security requires visibility + prevention You cannot protect your operation by simply watching and waiting. It is essential to have a defense-in-depth approach. By Austen Byers Sep 21, 2023 4 mins Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe