Cleafy revamps banking security to deal with pressing malware threats

Cleafy revamps banking security to deal with pressing malware threats

In the ever-evolving landscape of banking and financial security, new malware variants poses a significant and imminent challenge.

Traditionally, both the identification and classification of these threats only occurred post-attack, leaving banks and financial institutions vulnerable to substantial losses and reputational damage. Today, Cleafy has unveiled groundbreaking technology to proactively classify, detect and respond to new malware variants in real-time, providing an innovative solution to an escalating problem. This product update comes as a result of a recent cash injection powered by Italian blue-chip VC, United Ventures and is the first in a series of feature launches planned in the coming months.

New malware variants often go undetected by traditional security measures, allowing cybercriminals to exploit vulnerabilities and launch attacks that go undetected. These variants are distributed through various channels, including email attachments, compromised websites, and phishing attempts.

Today’s product launch addresses this exact challenge.

Starting today, Cleafy can detect malware in real-time and classify new malware variants within seconds, dramatically accelerating the traditional weeks-to-months-long process. Cleafy's platform detects and combines signals within mobile and web applications or on the device ecosystem and network, offering complete visibility into digital channels. Once a new malware variant is classified, the newly isolated malware signature is immediately propagated to all instances of the Cleafy platform across its entire network. The continuous matching capability, a crucial part of this new product release, ensures that all Cleafy customers can detect the new malware variant in real-time, without the need for time-consuming retro-matching activities.

Current estimates put industrial cybersecurity spending at $20 billion dollars per year and growing. As machinery gets connected to networks, the potential points of failure drastically increase. However, new online banking and fintech solutions are often left in the dark. Cleafy was born ou ..

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