buguroo's bugFraud has been recognized with Fraud Prevention Product of the Year
buguroo, a leading online fraud prevention and cyber security leader with 10 years of experience in cybersecurity for the banking sector internationally, today announced that it has been named the winner of the “Fraud Prevention Product of the Year” award from CyberSecurity Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global information security market today.
“Winning a CyberSecurity Breakthrough Award for two years in a row is certainly a worthy accomplishment and we are excited to once again recognize buguroo for their innovation in the area of fraud prevention, and,” said James Johnson, managing director, CyberSecurity Breakthrough.
“The company continues to progress its bugFraud product, with Deep Learning and advanced capabilities that provide a modern and compelling fraud prevention solutions. Congratulations to the entire buguroo team on their well-deserved industry recognition and we look forward to seeing continued success for the company in the future.”
The mission of the CyberSecurity Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of information security categories, including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Email Security and many more. This year’s program attracted more than 3,000 nominations from over 14 different countries throughout the world.
Pablo de la Riva, CEO & founder at buguroo
“It is a huge satisfaction to buguroo receive this prestigious award for the second year in a row. This is further proof that we are on the right track and we are working in an ascending line. Being chosen Fraud Prevention Product of the Year 2018 means that we are getting closer to our clients a philosophy of protection against cyber attacks with a holistic and non-intrusive point of view that allows, at the same time, to comply with quality regulations.", said Pablo de la Riva, CEO and founder, buguroo.
bugFraud aims to be the most comprehensive solution to prevent online fraud based on a frictionless and agentless approach. Its holistic view includes several sources to find any suspicious pattern on user's behavior and their environment. bugFraud’s unique user-centric vision where each user owns a single Deep Learning model perfectly adapted to recognize himself/herself, allow our customers to profile fraudsters who usually changes their targets. It is not something related with you are good or bad, is much more, something related with Identity proofing and how to catch the fraudster making invisible relationships between our customers.
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
Part of the Tech Breakthrough Awards organization, 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