buguroo Honored with CyberSecurity Breakthrough Award

bugFraud has been recognized as the best anti-fraud solution of 2017
Madrid, August 17, 2017

bugFraud, the buguroo anti-fraud service, based on both the latest Deep Learning technologies and biometric behaviour analysis, with 10 years of experience in the area of cybersecurity for the international banking sector, has been awarded as the “Overall Fraud Prevention Solution of the Year” by CyberSecurity Breakthrough.

The future of anti-fraud online banking acknowledges the fact that due to the dynamic and variable nature of cybersecurity threats, the citizen, whose aim will always be to enjoy technology, is the only constant factor. We want the user experience in online banking to be safe enough to protect their operations and allow frequent use with total ease.

buguroo´s founder and CEO, Pablo de la Riva

To achieve this, buguroo has developed an anti-fraud system based on Deep Learning and analysis of Biometric behavior that focuses on user validation throughout their session in online banking.

“buguroo’s holistic approach to fraud prevention is a modern take on addressing today’s complex fraud landscape,” said James Johnson, managing director, CyberSecurity Breakthrough. “With a comprehensive approach in preventing online fraud, including identification of issues on the network, in the device or in the way a device is used with behavioral analytics, buguroo is providing a powerful solution in assessing, scoring and acting on risks. We congratulate buguroo on their technology innovation and we are thrilled to recognize them as a 2017 CyberSecurity Breakthrough Award winner.”

CyberSecurity Breakthrough's Managing Director, James Johnson

bugFraud has been chosen from more than 2,000 nominations among 12 different countries.

The ever-evolving landscape of cybercrime needs to be outsmarted using next-generation solutions with innovative approaches to prevent emerging fraud techniques carried out by the attackers.

bugFraud combines the best of our proprietary malware detection engine, the use of deep learning behavioral models and advanced cognitive analytics to detect the fraud in real-time.

BANKING’S NEW CYBER ENEMY

Anatomy of a Banking Fraud

Banking customers around the world conduct more of their business online than ever. According to the CapGemini World Payments Report 2017, non-cash transactions reached 433.1 billion by 2017. As banking customers move online, so do cyber criminals that are targeting their accounts.

About Company

buguroo originated 10 years ago and today, global banks and financial institutions use buguroo to detect new online cyberattacks.

The company’s Deep Learning and advanced neural networks together with world-class team of cybercrime experts makes buguroo a first-class product to reduce online banking fraud. Every month, the buguroo monitor more than 10 millions of users. As a result, buguroo was named a “Cool Vendor” in 2016 by Gartner, Inc. for its buguroo bugFraud solution.

About CyberSecurity Breakthrough

The CyberSecurity Breakthrough Awards program is devoted to honoring excellence in information security and cybersecurity technology companies, products and people. The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewall and more. For more information visit www.CyberSecurityBreakthrough.com