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October 05, 2015 5:41 AM ET


Company Overview of TrustWave Holdings, Inc.

Company Overview

TrustWave Holdings, Inc. provides on-demand data security and payment card industry compliance management solutions to businesses and organizations worldwide. Its solutions include qualified security assessor, approved scanning vendor, qualified incident response assessor, and qualified payment application security company. The company’s products and services also include data loss prevention, incident response, intrusion detection system, penetration testing, security assessment, security information and event management, security research, tokenization, vulnerability scanning, and Web content monitoring; and managed security services. Its products and services include application security,...

70 West Madison Street

Suite 1050

Chicago, IL 60602

United States

Founded in 1995

590 Employees





Key Executives for TrustWave Holdings, Inc.

Co-Founder, Chairman, Chief Executive Officer and President
Age: 51
Co-Founder, Executive Vice President of Global Services and Director
Age: 46
Senior Vice President of Operations
Executive Vice President of Payment Services and Channel Partners
Age: 46
Managing Director of Europe, Middle East and Africa
Compensation as of Fiscal Year 2015.

TrustWave Holdings, Inc. Key Developments

Banks Withdraw Data Breach Claims against Target and Trustwave

Two banks that had earlier sued Target and Trustwave over data breach have retreated from their allegations. Trustmark and Green Bank agreed to drop their lawsuits 'without prejudice to re-filing'. Both the financial institutions have alleged the retailer of failing to secure customer information, which led to the stealing of about 40 million payment card records and 70 million other records during the holiday shopping season last year.

Banks Sue Trustwave After Target Data Breach

Trustwave has been accused of failing to identify security gaps at Target, according to a lawsuit filed by banks for damages suffered from the holiday season data breach. Plaintiffs Trustmark National Bank and Green Bank N.A. seek class-action status and damages of more than $5 million. Their lawsuit is one of nearly 100 that have been filed by Target customers or banks because of the breach. Trustmark and Green Bank filed their suit March 24 in Chicago's U.S. District Court, naming Trustwave Holdings and Target Corp. as defendants. The banks acknowledge in their complaint that Trustwave has 'performed more Payment Card Industry Data Security Standard certifications than all other companies combined'. The PCI standard describes how companies that handle payment card data must protect it against theft. The banks claim Target was likely out of compliance with the PCI standard because the hack went unnoticed for 18 days. The complaint alleges the vulnerabilities in the Target system were either undetected or ignored by Trustwave, allowing hackers access to millions of card account and personal records. The suit estimates that the banks will spend about $172 million reissuing credit and debit cards. Their total losses, including fraudulent charges, could hit $18 billion.

Trustwave Announces New Version of its Secure Web Gateway

Trustwave announced that the latest version of its Secure Web Gateway, which gives organizations the ability to address malware, zero-day vulnerabilities, as well as blended and advanced persistent threats, has achieved Common Criteria Validation with an EAL 2+ level of assurance. The internationally-approved validation gives government agencies and enterprises across at least 26 countries confirmation that Trustwave Secure Web Gateway, through independent evaluation, has met specific security standards. Trustwave Secure Web Gateway offers real-time protection from malware, zero-day vulnerabilities and data loss, and can help government agencies and enterprises embrace social media and evolving Web applications safely.

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