Two of our team were busy last week attending the inaugural AI Standards Hub’s Global Summit in London.
Veracity CEO Nigel Bridges and Chief Data Scientist Reuben Sodhi attended the Summit, held at the Queen Elizabeth II Centre on March 17 & 18th, at the invitation of the National Physical Laboratory, who organised the event alongside The Alan Turing Institute, BSI, and the UK Government.
A shortage of trained tech workers is a key issue in holding back the development of growth fuelled by Artificial Intelligence (AI) in the APAC region.
In AI-advanced markets like Singapore, replacing legacy technology and addressing financial hurdles are paramount when it comes to successfully integrating AI and unlocking the full potential of digital tech.
Veracity Trust Network’s Web Threat Protection works by providing client-side bot protection using AI behavioural analysis to stop malicious human-mimicking bots.
Our mission since we set up the company has been to identify and block unwelcome bots on both web and mobile platforms, working in real-time by providing detailed insights into the source of these threats – whether they come from competitors, foreign actors or other malicious agents.
The UK Government’s Artificial Intelligence (AI) plans aim to boost growth and provide a “vast potential” for future innovation according to Prime Minister Sir Keir Starmer.
The AI Opportunities Action Plan was launched last week with proposals that include investments to boost growth and deliver services more efficiently.
A quarter of all cyber-attacks in the Asia-Pacific region are motivated by espionage according to figures released by Verizon Business.
This contrast sharply with that of Europe and North America, at 6% and 4% respectively and shows data harvesting and scraping is a continued threat to businesses of all sizes.
UK businesses can reduce cyber-attack costs by up to 75% (£30b) by implementing simple cybersecurity basics more widely.
This is the view of international insurance intermediary group Howden, which recently revealed that cyber-attacks have cost UK businesses £44bn in the last five years.
When it comes to discovering who benefits from bots the answer is a complicated one as not every bot has malicious intent.
However, according to Statista, the latest figures from 2023 show the estimated annual cost of cybercrime in the UK was the equivalent of $320 billion.
Veracity Trust Network is delighted to announce that we have been awarded the Cybersecurity Co-Innovation and Development Fund (CCDF) – CyberCall grant – by the Cyber Security Agency Singapore (CSA).
The CyberCall grant will be used to develop and deliver the next generation of our technology, providing advanced malicious bot detection working in collaboration with a global efashion retailer headquartered in Singapore.
Veracity Trust Network’s Global CEO Nigel Bridges had a packed agenda last week as part of the UK Tech Mission to Hong Kong.
Running from October 21 to 25th, the week-long Mission saw the delegates being welcomed to an opening event by the Hong Kong Trade Development Council and InvestHK London, among others.
Veracity Trust Network’s APAC team has been attending and speaking at the ASEAN Japan Cybersecurity Community Alliance Conference this week.
Held at the Suntec Singapore Conference and Exhibition Centre, Veracity Trust Network was the Platinum Sponsor for the AJCCA event.
Recent growth in Artificial Intelligence (AI) takes advantage of Machine Learning (ML) to fuel rapid technological development in many ways.
One of those is within cybersecurity, especially when it comes to learning how to combat the ever-growing threat of malicious bots and cybercriminals deploying AI as a means of accessing personal data and hijacking business websites for financial gain.
Cybercrime is here to stay and an important part of any company’s security measures should include identifying malicious bot types.
According to the UK Government’s Cyber Security Breaches Survey 2023, 32% of all UK businesses and 24% of charities reported a cyberattack in the past 12 months.
Award-winning malicious bot protection.
Cyber Award Winner 2021
AI-Enabled Data Solution of the Year – DataIQ Awards 2023 Finalist
Tech Innovation of the Year Winner – Leeds Digital Festival Awards
Cyber Security Company of the Year – UK Business Tech Awards 2023 Finalist
Best Use of AI – Tech Awards 2023 – Highly Commended
UK’s Most Innovative Cyber SME 2024 –
Runner Up
