Malware
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Cleafy Turns to AI to Help Banks Combat new Malware Variants in Real-Time and Protect Customers

Cleafy, a fraud prevention, cybersecurity expert, data scientist, and software engineer team, has launched new technology to proactively classify, detect and respond to new malware variants in real-time, to tackle an issue presenting growing levels of threat. 

Cleafy explained that 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.

The new 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.

Cleafy can now 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.

‘Built with banking ecosystems in mind’

Current estimates put industrial cybersecurity spending at $20billion 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.

Matteo Bogana, CEO of Cleafy
Matteo Bogana, CEO of Cleafy

Matteo Bogana, CEO at Cleafy, said: “We’re excited about today’s launch. When it comes to new threat detection and classification, real-time AI capabilities can be game-changing.

“Hiring industrial cybersecurity specialists is hard; the Cleafy platform was built with banking ecosystems in mind, and enables your existing team to watch over these critical environments while preserving uptime, reliability and user experience.”

Cleafy’s real-time AI mechanisms provide a swift response to new malware variants, enabling banks to protect their customers automatically without disrupting the service. Furthermore, the solution equips analysts with the necessary information to understand the nature and capabilities of the detected malware, along with off-the-shelf suggestions for response rules to maintain an optimal security posture.

Cleafy’s AI technology was trained on eight years of malware telemetry data. The years of collected data provide Cleafy with a deep understanding of malicious behaviours, enabling it to stay ahead of emerging threats and provide robust proactive cybersecurity solutions.

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