TIDMCCS
RNS Number : 3322T
Crossword Cybersecurity PLC
14 November 2019
Crossword Cybersecurity PLC introduces Nixer CyberML - A New
Approach to Machine Learning Based Cybersecurity and Fraud
Detection
14 November 2019 - London, UK - Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
technology commercialisation company focused solely on cyber
security and risk, has today announced the launch of Nixer CyberML,
a new family of machine-learning based security and anti-fraud
software products, that help organisations easily and quickly build
these capabilities into applications.
Nixer CyberML is a new tool for businesses that want to solve
advanced security and cybercrime problems, such as detecting and
dealing with compromised accounts, fraud and in-application denial
of service attacks.
Many of today's security and fraud problems occur within
applications and are difficult, if not impossible, to detect
externally to the applications. For example, if a fraudster has
obtained a user's login details via a credential attack, their
access to the site while logging in can appear normal - but once
inside the site, can start to behave maliciously. Nixer CyberML
allows development teams to rapidly add machine learning based
detection to online applications (online banking, ecommerce
systems, ticket sites, critical business apps, etc.) that can learn
to accurately distinguish between good and bad user behaviour.
This initial release designed for developers, includes the Nixer
CyberML architecture, code libraries for Spring framework based
applications, and a local Nixer CyberML Engine designed to help
with credential protection functionality. The Nixer CyberML Engine,
stores and processes anonymous application event data, and contains
the machine learning algorithms which determine whether events are
normal or potentially malicious. Future versions of Nixer CyberML
will give developers access to cloud-based machine learning
algorithms.
The benefits of using Nixer CyberML include:
-- Detecting, mitigating and preventing fraud and other
user-based attacks that Web Application Firewalls (WAFs) and
Distributed Denial of Service (DDoS) tools cannot mitigate, by
using advanced machine-learning integrated into business
applications
-- Quick and reliable deployment by using existing code and
architecture, and, where needed, working with a specialist partner
familiar with machine-learning, cyber security and cyber-crime
prevention to provide support with data science and algorithm
creation.
Jake Holloway, Crossword's Chief Product Officer, said, "Machine
Learning based approaches to cybersecurity are not uncommon in very
advanced applications, but most development teams are maxed out and
do not have the right data science skills and tools to implement
effective solutions quickly. This is why Nixer CyberML has been
designed - it allows organisations to build in security and
anti-fraud capabilities easily and quickly, without needing to
employ machine learning specialists."
Tom Ilube, Crossword CEO also said, "The first product to come
out of the Nixer CyberML family of products is part of Crossword's
CyberAI initiative. It will be followed up with further services to
help Enterprises, SaaS Vendors and developers accelerate projects
that add intelligence to their applications. As the UK's leading
cyber security commercialisation company we work with universities
regularly, as we have with Imperial College London on Nixer
CyberML's machine learning algorithm design and selection."
Jan Broniowski, Nixer CyberML Architect said, "By putting
security closer to the application layer, we create rich, valuable
context for algorithms and analytics. We offer Nixer CyberML as
Java libraries through GitHub - a design decision that provides
control, explainability and configurability to developers. Nixer
CyberML helps to merge the gap between security analytics and
software development."
To find out more about Nixer CyberML, visit www.nixer.io or
download the code libraries from Github.
About Crossword Cybersecurity plc
Crossword Cybersecurity plc focuses on the development and
commercialisation of university research-based cyber security and
risk management related software and cyber security consulting. The
Group's specialist cyber security product development and software
engineering teams work with its university partners to develop the
research concept into a fully-fledged commercial product that it
will then take to market. The Group's aim is to build up a
portfolio of revenue generating, intellectual property based, cyber
security products. Rizikon Assurance, Crossword's leading product,
is a SaaS platform that enables medium to large companies to assess
and manage all risks from their suppliers.
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Finance Director
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem / Niall McDonald
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
Lorena Duke, GingerPR
lorena@gingerpr.co.uk, 01932 485 300
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END
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