How they describe themselves: Cyberfend offers a robust security solution to protect your web and mobile applications from sophisticated attacks and fraudulent activity. Cyberfend’s solution detects account take-over, payment fraud and stolen credentials. All of these problems are relevant to every banking, finance, payments and e-commerce company. Cyberfend’s solution uses a new security paradigm – human cognitive science coupled with advanced machine learning. The result is a robust detection system with near zero false positives and false negatives. Today Cyberfend protects nearly a billion login and payment transactions every month for many large e-commerce, web and payment customers. Please visit us at: www.cyberfend.com.
How they describe their product/innovation: Cyberfend will demonstrate a powerful security innovation – BotFender. BotFender is the most comprehensive cyber attack automation detection service available in the market. The solution uses proprietary IP based on human cognitive science coupled with advanced machine learning algorithms. The deployment is frictionless, protecting both web pages and mobile applications. No changes to user experience or user interface are required. The security layer is invisible to the end-user with no added latency. Deployment options include private or public clouds or on-premise. The attack detection is real-time, which allows your web or mobile application to prevent fraudulent access to your service.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed