Image from Group-IB

Singapore-based cybersecurity outfit Group-IB was recognised by Gartner for its solution against online fraud

Group-IB, an international company specialised in preventing cyber-attacksonline fraud, and investigating high-tech crimes, is proud to announce that it was recognised in Gartner’s 2019 Market Guide for Online Fraud Detection for its Secure Bank/Secure Portal solution.

The company, which has recently opened its global headquarters in Singapore, made the announcement in a press release on Thursday (11 July).

“We are honored to receive such a high appreciation for the solution that makes a digital space for banks, financial organizations, online stores and portals safer especially here, in Singapore, which is one of the world’s biggest financial and commercial hubs and therefore a primary target for fraudsters and financially motivated hackers,” said Ilya Sachkov, Founder and CEO of Group-IB.

“We will continue developing and improving our solution for banks and online stores by speeding up detection and enhancing accuracy even more on the premises of our new Global HQ with the efforts of our Singaporean team,” he added.

Group-IB’s Secure Bank/Secure Portal is already trusted by top international companies, including banks and online retailers, protecting more than 70 million of their customers. Based on artificial intelligence and machine learning technologies, Group-IB Secure Bank/Secure Portal detects and prevents online fraud on the client side in real time, across online and mobile channels.

With integrated Group-IB Threat Intelligence data on threat actors, malware, malicious IPs, compromised credentials and payment details, Group-IB Secure Bank/Secure Portal allows to prevent online fraud while identifying infected devices and cross-channel attacks. The solution gives additional insights and actionable intelligence to anti-fraud and cyber security teams attempting to stop fraudulent activities.

According to Gartner, “Effective online fraud detection requires interpolation of many data types and signals. With the growth of e-business, online fraud detection systems are a necessary component in any security architecture and augment the basic application protection capabilities offered by a web application firewall.”