LOS ALTOS, Calif., April 14, 2020 – RedMarlin, a deep learning-powered fraud prevention company protecting the world's leading brands from counterfeit activity, today announced the company’s new name, Bolster, and the launch of a first-of-its-kind online customer protection services program specifically for non-profit organizations.
The new program, Bolster for Good, allows non-profit organizations to arm themselves forever with industry-leading online phishing and fraud prevention technology at-cost to defend themselves from online scams and account takeovers. .
The Bolster for Good program aims to help non-profits of all sizes defend themselves against the sophisticated phishing and online scam attack campaigns by hackers and fraudsters, which have skyrocketed since the COVID-19 pandemic began. In April 2020, the overall number of phishing sites leapt to 110 percent of their March level, according to Bolster’s COVID-19 Global Online Phishing and Scams Dashboard . Online phishing and counterfeit websites contributed to $3.5 billion in losses to individual and business victims in 2019 alone, according to the FBI’s 2019 Internet Crime Report. Overall financial losses due to fraudulent sites are trending to be even higher in 2020, as malicious hackers and fraudsters look to take advantage of COVID-19 and the public’s need for supplies, information and news.
“At Bolster, we deeply care about the wellbeing of not only our partners, customers and stakeholders, but also the internet community as a whole,” said Abhishek Dubey, Co-Founder and CEO, Bolster. “During this unprecedented time, we want to ensure non-profits that are serving the community are properly protected – that donations are going to those in need, not to fraudsters – and organization’s resources that are in short supply can be focused on critical tasks, instead of combating hacker scams. It is Bolster’s mission to help organizations protect their user base with the most powerful technology available to stop online phishing and scams in its tracks.”
Unlike traditional online web phishing and scam technology that relies on user reporting and blacklisting, Bolster utilizes deep learning and computer vision to provide real-time monitoring and automated detection and immediate takedown of fraudulent sites and products. The Bolster platform paves the way for a new, proactive approach to fraud detection and prevention – offering truly unique features like zero-day detection – allowing the platform to find, scan and take down a site upon its very creation without any additional resources.
The Bolster platform has also been significantly improved with its April 2020 release. New features and capabilities include a modernized dashboard, more powerful detection technology, and enhanced enterprise admin controls.
For more information about Bolster For Good and to enroll, please visit: https://bolster.ai/for-good.
Bolster is a deep learning-powered fraud prevention platform protecting the world's leading brands from counterfeit activity. Bolster provides a comprehensive platform to defend brands from online scams and account takeovers through capabilities like real-time phishing detection. These techniques allow organizations across various industries and sectors to increase business revenues as well as customer loyalty and trust. By utilizing artificial intelligence to automate tasks and increase productivity, Bolster has introduced an unprecedented, proactive approach to online customer protection and counterfeit site takedown.
Encouraging organizations also to check and detect potential fraudulent websites and phishing scams, the company created CheckPhish.ai, a free, open-source community tool. Bolster is committed to giving back to the internet community-at-large and, in response to the COVID-19 pandemic, has implemented the COVID-19 Global Online Phishing and Scams Dashboard – a consortium for the cybersecurity community to share and identify data on coronavirus phishing and scams.
Bolster's team has more than 91 years of combined cybersecurity experience from industry-leading companies, including Cisco, Symantec, McAfee, Bell Labs, and Open DNS. Founded in 2017 and based in Los Altos, California, Bolster has raised $10M in Series A funding led by Thomvest Ventures and Crosslink Capital. For information about Bolster, please visit bolster.ai and follow us on LinkedIn and Twitter @BolsterAI.