Kasada bricks bots at hackers’ expense

Sydney 11 April 2018 – Today Kasada, a growth-stage Australian cyber security start-up, unveiled its ground-breaking Polyform platform for the first time in public by bricking a bot live before an audience of security information and technology executives.

The powerful ‘Stop the Bots’ demonstration, held at the AWS Summit’s Metropolis of the Future Expo at Sydney’s International Convention Centre, showed the Kasada platform’s ability to distinguish automated bot attacks from legitimate users, in real time.

The efficient way Kasada stops malicious automation from Application DoS, to content scraping, account takeovers and other malicious attack-types will be welcome news to executives responsible for web security, digital marketing and online risk management.

Web-based attacks cost businesses up to $US3.4M per incident according to findings by global professional services firm Accenture in its 2017 annual study 'Cost of Cyber Crime Study’. Web-based attacks were second most expensive after malware attacks, the study found.

Sam Crowther, founder and chief executive officer of Kasada said, “Among our customers, we see as much as 90 percent of web traffic made up of bots -- and that’s just malicious bots.” He pointed out that bots can consume most a company’s bandwidth and computing resources. “Not only does this waste money, it distorts marketing and web analytics.”

The promise of Kasada – whose client list already features several organisations in the ASX100 – has been recognised. It recently attracted $2.5 million seed funding from leading venture firms Our Innovation Fund (OIF) and The Reinventure Group (Westpac’s capital venture fund). 

ENDS

About Kasada

Kasada was founded in 2015. Its Polyform platform solves some of the web’s most difficult security problems. Kasada turns attacks against customer apps back against the hacker and takes bots offline. Compared with alternatives, deploying the Polyform platform is simple, with reduced direct expenses and significantly lower ongoing human resourcing requirements. For more visit https://www.kasada.io/blog  

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