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Advanced Fraud Detection System - Protecting digital transactions against cyber attacks

Objective

ThreatMark vision is to secure the assets of people/companies by better protection of digital transaction systems against cyber-attacks. It dramatically improves the detection & protection capabilities of cyber-operators against threats, fraud & incidents. It allows them to increase their security by complex preparedness, rapid detection and faster response.

Advanced machine learning and unique algorithms of ThreatMark make the detection of advanced threats and behavioral anomalies more sensitive and reliable while lowering the cost of operation. We challenge the conventional methods of transaction protection by bringing usually fragmented features under one roof: (online) fraud detection systems, web fraud detection, web application firewall, malware detection, criminal and account takeover detection.

This is unique and appreciated by users, as proven by recent competitor analysis. The solution has been designed to answer the business opportunity that lays in plausible cyber-security market trends:
(1) Steady growth of online transactions & cyber attacks/ online fraud at the same time;
(2) Rise of as-a-service model providers & market (9.8%/ p.a.);
(3) Pressure to decrease high expenses for complex security.

The ultimate goal of this project is to bring to market system ThreatMark capable of improving the security of transactions and decreasing the resources needed. Four target groups were identified: on-line banks, high value transactions providers, secure apps, emerging digital services. Some strategic alliances with business partners exist.
The sub-objectives of FS include requirements analysis, detailed business plan, technology roadmap update and company development strategy based on innovation management training.

The company has already invested into its technology more than 200 000 EUR (equipment, travel, 1 500 own man-days, 2 000 man-days of academic partners from 2013). To fully enter the market in 2017 a strategic investment or funding is requested.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2016-2017

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Coordinator

THREATMARK SRO
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
PRAZAKOVA 213/10 HORNI HERSPICE
619 00 BRNO
Czechia

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Česko Jihovýchod Jihomoravský kraj
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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