#United States #New York #Cybersecurity #Fraud Prevention #Trustmi

Trustmi's Innovative Approach to Cybersecurity

Trustmi, a prominent name in the cybersecurity industry, has made headlines by winning the 'User Behavior Analytics Security Solution of the Year' award at the prestigious CyberSecurity Breakthrough Awards. This annual event, hosted by an independent market intelligence organization, showcases the most commendable innovations and solutions in information security from across the globe.

Recognized for its unique approach to combating social engineering fraud, Trustmi leverages advanced behavioral AI technology to protect organizations from complex threats such as Business Email Compromise (BEC), Vendor Email Compromise (VEC), impersonation attacks, and vendor compromise. This innovative platform scrutinizes the entire payment lifecycle, analyzing a plethora of signals from various systems including ERP, finance, procurement, and email communications.

Breaking Down the Technology

Trustmi’s AI capabilities extend beyond conventional security measures by creating a dynamic risk fingerprint that adapts to each vendor and employee's behavior. By identifying anomalies in communication and transaction flows, Trustmi can pinpoint potential fraudulent activities, thus preventing losses before they occur. This proactive stance is crucial in the modern threat landscape where delays in detection often lead to severe financial repercussions.

The platform is designed not to disrupt existing payment processes; instead, it seamlessly integrates with current ERP and accounts payable systems, reinforcing the payment workflows without any significant changes. By utilizing three contextual data layers—vendor, employee/user, and payment fingerprint— Trustmi generates tailored risk scores that facilitate faster decision-making for finance and security teams.

“In the realm of cybersecurity, social engineering fraud is often a neglected issue that results in significant financial losses for many businesses. We are thrilled to receive the CyberSecurity Breakthrough award, as it reflects our commitment to providing companies with a comprehensive solution that not only enhances visibility but also coordinates defenses against intricate threats,” stated Shai Gabay, Co-founder and CEO of Trustmi.

A Testament to Excellence

Trustmi’s impact in the cybersecurity domain is further underscored by the extensive financial protection it offers. To date, it has safeguarded over $300 billion in spend and processed over 30 million transactions for a diverse client base that includes well-known companies such as Chipotle, CNA Insurance, United Rentals, and Monday.com.

The CyberSecurity Breakthrough Awards, now in their ninth year, aim to celebrate standout achievements in cybersecurity innovation. This year's program attracted thousands of nominations from a wide selection of countries, showcasing the cutting-edge technologies that define the future of cybersecurity.

Steve Johansson, Managing Director of CyberSecurity Breakthrough, remarked, “Trustmi excels in bridging the gap between finance and security. They provide full-stack protection against cyberattacks, fraud, and human errors that afflict modern businesses. Their behavioral AI stands out as a critical defense against social engineering tactics that prey on human trust.”

In conclusion, Trustmi's recognition at the CyberSecurity Breakthrough Awards serves as a validation of its groundbreaking approach to preventing social engineering fraud. Its innovative cybersecurity solutions are setting new standards in the industry, ensuring businesses remain resilient against the ever-evolving threat landscape. As it continues to enhance its offerings, Trustmi reaffirms its dedication to securing financial processes and protecting organizations worldwide.