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.
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.
AI in cybercrime has become a powerful new weapon for scammers and many people are falling for sophisticated schemes that use stolen identity data.
A PwC report, in collaboration with Stop Scams UK, published last December found identifying the scale of AI use by scammers is a difficult task. Voice cloning has become a growing concern for the authorities when it comes to ransomware scams.
Rule changes surrounding cyber risks which have already seen Uber’s former CISO sentenced to three years’ probation should be of concern to all C-Suite executives.
Joseph Sullivan, Uber’s former chief information security officer, was found guilty of paying hackers $100,000 (£79,000) after they gained access to 57 million records of Uber customers, including names and phone numbers.
Businesses need to be aware that their data could be at risk if they use third party providers in their supply chain.
A spate of recent cyber-attacks on supply chain providers has seen sensitive data leaked or held to ransom from organisations including the Ministry of Defence, The Metropolitan Police, and a significant number of charities.
Cyber Security for charities & third sector should be a priority as almost a quarter of all UK charities were the victims of a cyber-attack in 2023.
The figures come from the Cyber Security Breaches Survey, published by the Department for Science, Innovation and Technology and highlight the dangers charities and third sector organisations face from cyber criminals.
The UK has been at the forefront of the global gambling industry for nearly two decades, passing laws to regulate remote gaming as early as 2005.
It also has the largest regulated online gambling marketing in the world, generating a total gross gambling yield (GGY) of £15.1 billion in the period between April 2022 and March 2023.
The UK’s critical national infrastructure (CNI) consists of the most important systems in the country – responsible for keeping the economy functioning and supplying services to homes and businesses.
Recent changes in the geopolitical environment, including the ongoing war in Ukraine, the rise of state-aligned groups around the globe and an increase in aggressive cyber activity, means the threat status for the UK’s CNI has heightened.
Phishing affects everyone but the Legal Sector is more attractive for cyber criminals due to the nature of the business, indeed the 32nd annual PwC Annual Law Firms’ Survey 2023 revealed that 85 per cent of the UK’s Top 100 firms are extremely, or somewhat, concerned about cyber threats.
Reputation is critical to the business of law, which makes legal practices attractive targets for extortion. The Legal Sector is additionally more vulnerable because of the amount of highly sensitive information businesses carry, as well as the large volumes of money they can be dealing with. This makes organisations in the sector especially targeted by phishing attacks.
The UK reached its highest level of ransomware attacks in 2022 according to figures available from the Information Commission’s Office – at 34% of all reported cybercrime.
Criminals compromised data on potentially more than 5.3 million people from over 700 organisations according to the Data security incident trends report released by the ICO, covering the period up to Q3 2023.
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
