Internet fraud detection firm White Ops announced this week that it it has secured $7 million in funding from Paladin Capital and Grotech Ventures.
New York City-based White Ops offers a solution to combat online advertising fraud by isolating and eliminating bot-infected traffic.
Using thousands of real-time user session variables, the company explains that its technology can differentiate between a human and machine-driven request—regardless of the sophistication of the bot programmer.
White Ops also claims that its solution can immediately categorize traffic even if the bot is behaving in a way never before seen, while depriving cybercriminals of valuable intelligence as to how they failed or were detected.
While White Ops’ technology is initially being applied to combat online advertising fraud, the new funding will help support the expansion of its bot detection technology to combat other forms of bot-driven crime such as man-in-the-browser financial fraud, e-commerce fraud and automated attacks on websites such as Distributed Denial of Service (DDoS).
White Ops was founded by a CEO Michael Tiffany, Chief Scientist Dan Kaminsky, CTO Tamer Hassan and General Counsel Ash Kalb.
As part of the investment, Philip Eliot from Paladin and Steve Fredrick from Grotech will join the White Ops Board of Directors.
For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.
More from Mike Lennon
- ‘No Evidence’ of Cyberattack Related to FAA Outage, White House Says
- SecurityWeek to Host 2022 ICS Cybersecurity Conference October 24-27 in Atlanta
- Google Completes $5.4 Billion Acquisition of Mandiant
- Cybersecurity Firm ZeroFox Begins Trading on Nasdaq via SPAC Deal
- HUMAN Security and PerimeterX Merge on Mission to Combat Bots
- Last Call: CFP for ICS Cybersecurity Conference Closes July 15th
- Johnson Controls Acquires Tempered Networks to Shield Buildings From Cyberattacks
- Snowflake Launches Cybersecurity Workload to Find Threats Across Massive Data Sets
Latest News
- Critical Vulnerability Impacts Over 120 Lexmark Printers
- BIND Updates Patch High-Severity, Remotely Exploitable DoS Flaws
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- Microsoft Urges Customers to Patch Exchange Servers
- Iranian APT Leaks Data From Saudi Arabia Government Under New Persona
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Cyberattacks Target Websites of German Airports, Admin
- US Infiltrates Big Ransomware Gang: ‘We Hacked the Hackers’
