New York, NY – November 06, 2024 – BforeAI, the world’s fastest and most accurate predictive attack intelligence and digital risk protection solution, announced today the company has been recognized by Gartner in its new report “Cool Vendors for AI and GenAI in Banking & Investment Services, 2024.” The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.
The Gartner report states that, “By working outside the standard payment cycle in this way, before any transactions (such as payments or other funds transfers) have been made, BforeAI can alert clients so they can intervene before criminals sell credentials stolen from the victims. For example, BforeAI can find the leaked credit card and personal details of a victim as soon as the leak is detected and inform the issuer. The bank can then put a block on that card up to two weeks before it has a chance to be used for a fraudulent transaction.”
“Receiving this recognition by Gartner as one of the ‘Cool Vendors’ for banking and investment services further validates our mission to innovate and develop cybersecurity to a preventive posture,” said Luigi Lenguito, Chief Executive Officer (CEO) of BforeAI. “Our platform is built so that financial institutions can understand the threats, and identify and block fraudsters before they can cause financial or reputational damage. We are harnessing the power of behavioral artificial intelligence to reshape the future of online fraud detection so that organizations can predict and eliminate threats before they emerge.”
Finance is the world’s most targeted industry for cyber attacks. BforeAI addresses this critical challenge by predicting and preempting cyber crimes before they happen, protecting organizations from damaging cyberattacks. Its patented AI technology, combined with hyperscale observation infrastructure and modern APIs, serves to augment banking and investment services’ security postures by delivering fast, internet-wide observation capabilities, no-touch automated AI threat analysis, and instant remediation through built-in capabilities.
For more information, visit: https://bfore.ai/cool-vendor.
About Gartner
GARTNER is a registered trademark and service mark and, HYPE CYCLE and COOL VENDORS are trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner, Cool Vendors for AI and GenAI in Banking & Investment Services, 2024 by Jasleen Kaur Sindhu, Uri Lerner, and Pete Redshaw, November 6, 2024.
About BforeAI
BforeAI is a pioneer in Predictive Attack Intelligence, Preemptive Cyber Defense and Digital Risk Detection. Our PreCrime™ platform uses behavioral AI to predict and automatically preempt malicious campaigns, resulting in the fastest, most accurate solution to stop attacks weeks before they happen. BeforeAI was recently named one of Gartner’s Cool Vendors for AI and GenAI in Banking and Investment Services, 2024. To learn more, visit bfore.ai.
Media Contact:
Andy Tzortzinis
Director of Brand and Product Marketing
BforeAI
[email protected]
