Cyfirma launches AI, cloud-based cybersecurity platform

Goldman Sachs-backed cybersecurity company Cyfirma on Tuesday introduced its cloud-based, artificial intelligence (AI)-powered cybersecurity platform DeCYFIR.

The platform is designed to help businesses spot threats, decode signals from noise to gain useful insights, and take apt measures against cybercriminals before an actual attack occurs, the Illinois-based company said in a statement.

Read: Every data breach costs companies nearly $3.6 mn: IBM Security

“Remote working has resulted in new attack vectors, integration of business applications with third-party systems can create new vulnerabilities, and employees unaccustomed and untrained in cybersecurity practices can heighten digital risk,” Kumar Ritesh, founder and chief executive officer (CEO), Cyfirma said.

Its latest platform uses AI to pick up threat indicators in deep/dark web, hackers’ forums, and other closed communities.

The threat discovery and cyber-intelligence analytics company claims that the new platform will help in automatically discovering and decoding cyber threats and signals. These insights will be provided in real-time so that security teams could always prevent cyberattacks.

Additionally, DeCYFIR consists of several modules to help the businesses strengthen their cybersecurity postures and be able to handle the risks of digitalisation. 

The modules include threat visibility and intelligence (TVI), which will provide a comprehensive multi-dimensional strategic, management and tactical intelligence and cyber insights; cyber situational awareness (CSA), which will offer real-time cyber insights, trends, cyber news, technology, and regulatory and law, among others.

Founded in 2017 by Kumar Ritesh, Cyfirma has offices in Singapore, Japan, and India. 

In April, Cyfirma announced that it had evidence of malicious activities targeting Indian assets in the dark web. 

The company raised an undisclosed amount in a Series A funding round from Z3Partners, a Mumbai-based early-growth private equity fund, in February.