EVERSPIN has developed the world's first dynamic security module, which utilizes a continuously changing security framework to protect against cyber threats such as phishing and hacking. This technology, backed by 33 patents, provides financial institutions with robust defenses against evolving cybercrime, ensuring the safety of customer data and transactions.
Funding
$14.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face increasing cyber threats, including phishing and hacking, that can compromise customer data and disrupt transactions. Traditional security measures often prove inadequate against rapidly evolving attack techniques, leaving institutions vulnerable to significant financial and reputational damage.
Solution
EVERSPIN offers a dynamic security module that utilizes a continuously changing security framework to defend against cyber threats. This technology employs a unique approach by dynamically altering security parameters, making it significantly harder for attackers to penetrate defenses. By implementing this proactive and adaptive security posture, EVERSPIN provides financial institutions with a robust shield against evolving cybercrime, ensuring the safety of customer data and transactions. The core innovation lies in its ability to adapt and change, preventing attackers from exploiting static vulnerabilities.
Target Audience
EVERSPIN primarily targets financial institutions seeking to enhance their cybersecurity defenses against phishing, hacking, and other cyber threats.
Features
- **Anti-Phishing:** Employs a whitelist approach to defend against voice phishing attacks.
- **Mobile Anti-Hacking:** Prevents mobile hacking through a dynamically changing security module that updates daily.
- **Web Anti-Hacking:** Protects against web hacking with a dynamically changing security module that updates daily.
- **Security Consulting:** Offers expert security consulting services.