Veracity Trust Network (Veracity) will use its S$1 million grant from the Cyber Security Agency Singapore (CSA) to develop and deliver advanced malicious bot detection in collaboration with one of the world’s largest fashion retailers.
Veracity has been awarded the Cybersecurity Co-Innovation and Development Fund (CCDF) CyberCall grant for its ‘Beyond the Edge’ technology, which uses real-time behavioural analysis to detect and block complex bots.
“The problem of malicious bots is serious and getting worse as technology advances. It’s a major issue growing in scale, sophistication, and damage, with a serious negative impact on all online organisations. In general, the eCommerce industry has been losing this particular arms race. Veracity was created to try to break the cycle and get ahead of malicious actors.,” said Nigel Bridges, group CEO of Veracity Trust Network.
‘Beyond the edge’
Veracity will use the grant to develop and deliver technology to provide advanced malicious bot detection tailored to the eCommerce company’s operations. Rather than working at the firewall layer, Veracity‘s solution works on the client side ‘beyond the edge.’
The technology claims to analyse micro-behaviours to reduce false positives and enhance cybersecurity. Powered by artificial intelligence (AI) and machine learning (ML), the solution claims protection against sophisticated human-spoofing bots.
Veracity CTO Stewart Boutcher, who is primarily tasked with leading the project for Veracity, commented: “Working on the CyberCall project with CSA has been critical to support our innovative approach in using AI and machine learning to detect and prevent even the most sophisticated human-spoofing bots for a common good.”
