Deduce raises US $ 9 million to tackle AI-generated identity fraud
D prevent AI-generated identity fraud , has announced
Orange Cyberdefense launches automation service to enhance business efficiencies and reduce operational overheads
O cybersecurity services , has announced the launch of a new security orchestration and automated response ‘ as-a-Service ’ offering that provides cost-effective automation to streamline security , IT and business operations .
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Deduce raises US $ 9 million to tackle AI-generated identity fraud
educe , a patented technology platform designed to
D prevent AI-generated identity fraud , has announced
US $ 9 million in funding led by Freestyle Capital , with additional investment by Foundry and True Ventures . The funding will launch Deduce ’ s GenAI identity fraud solution out of stealth and help the company scale to prevent large-scale SuperSynthetic identity fraud across multiple verticals , including the financial service industry , FinTech and e-commerce .
The rise of Generative AI has accelerated efficiency across industries , including organised fraud , with the introduction of platforms such as FraudGPT . Bolstered by these new technologies , fraudsters can leverage AI and stolen PII to create batches of credible digital identities , authenticate those identities with deep fake biometrics and create online transactional histories . Utilising this technology , cybercriminals can leverage automation to create a virtual army of SuperSynthetic identities that are indistinguishable from legitimate identities . to protect us from AI-generated fraud . Leveraging this new investment , we can take our solution to the market with the speed necessary to prevent this type of fraud from overtaking the organisations we serve .”
Detecting AI-generated identities requires a massive identity graph that sees the vast majority of the online US population several times each week . Deduce will leverage multi-contextual activity-backed intelligence to help organisations identify SuperSynthetic identities during account opening and sleeper identities already onboarded .
“ We stand at a critical juncture where the security and privacy of our most important data is being threatened at an unprecedented level ,” said Ari Jacoby , CEO of Deduce . “ Legacy fraud prevention methods will no longer be able
Orange Cyberdefense launches automation service to enhance business efficiencies and reduce operational overheads
range Cyberdefense , a European leader in
O cybersecurity services , has announced the launch of a new security orchestration and automated response ‘ as-a-Service ’ offering that provides cost-effective automation to streamline security , IT and business operations .
By automating response-based actions through to the enduserand driving a faster mean time to respond ( MTTR ) to security threats , AutoXR addresses the need for increased efficiencies and reduced costs , lessening the burden on staff who have limited time to execute tasks .
With AutoXR , businesses can automate processes that are costing them valuable time and human resources . It meets the need for a service that brings IT and security operations together by not just suggesting responses to cyberthreats but automatically deploying response-based actions , such as trigging a password change request or managing the ‘ joiners , movers and leavers ’ process . It can be tailored to customised use cases and has out-of-the-box uses including patching , threat hunting and analysis and investigating phishing attempts . By replacing manual processes , AutoXR also helps businesses deal with budgetary pressures and the impact of the current recruitment crisis .
Orange Cyberdefense ’ s auto-engineering team works with customers to set up automated workflows based on the outcomes each business is aiming for , conducting ‘ feasibility workshops ’ for each use case at the outset and having regular check-ins once the service is in place .
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