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API Security Company Traceable AI Unveils Digital Fraud Prevention Solution

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Traceable AI is offering a Digital Fraud Prevention solution designed to protect organizations against fraudulent activities across their APIs and digital interfaces, the company announced.

The company will showcase Digital Fraud Prevention at the Black Hat USA conference, taking place August 5-10 in Las Vegas, Nevada.

Traceable AI Utilizes Machine Learning to Guard Against Digital Fraud

Digital Fraud Prevention uses Traceable's Graph Machine Learning technology to identify correlations across organizations' endpoints, networks, applications and APIs, the company said. The solution leverages these correlations to provide insights into the evolution of a cyberattack and the steps that organizations can take to prevent digital fraud.

In addition, Digital Fraud Prevention performs API activity-based user behavior profiling, Traceable noted. The solution extracts temporal and spatial patterns from a user's API call sequence and uses these patterns to create a "fingerprint" identifier. From here, Digital Fraud Prevention correlates user fingerprints and generates insights into patterns that show coordinated attacks may be underway.

Digital Fraud Prevention learns from each user interaction, Traceable indicated. It also can detect dormant accounts that cybercriminals intend to use for attacks and block them in line or out of band.

Traceable AI Provides Digital Fraud Prevention Integrations

Organizations can utilize Digital Fraud Prevention on its own or in combination with platforms from several technology providers, such as:

  • Amazon Web Services (AWS)
  • Descope
  • Cloudflare
  • Imperva

Digital Fraud Prevention integrations can help organizations strengthen their security frameworks, protect against API threats and secure their data, Traceable said.

Traceable AI Achieves "Significant Milestones" in the First Half of 2023

The Digital Fraud Prevention news comes after Traceable recorded 274% year-over-year revenue growth in the first six months of 2023. Other notable achievements for Traceable during this period included:

Traceable provides a context-aware API security platform that organizations can use to monitor and manage their security posture and protect against threats across the software development lifecycle (SDLC), the company noted. It does not currently offer a partner program for MSSPs, MSPs and other technology providers but may look to launch one in the future.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.