Cybersecurity Ventures released a report estimating that losses from online fraud and cybercrime will reach $10 trillion each year starting in 2025, with crime expanding rapidly throughout the sector. Fraud is becoming an increasing threat as virtual transactions develop rapidly, mainly in the wake of the COVID-19 pandemic. Fraud protection therefore becomes crucial. AI Kavach enters the picture at this point. To help people and businesses prevent fraud, Pratyusha Vemuri and Girish Nagavarapu AI Kavach 2021. Continue to not miss anything. So, read the entire article carefully.
Pratyusha Vemuri Venkata’s vision for AI Kavacha
The founder and chief architect of AI Kavach is Pratyusha Vemuri. She greatly enjoys working with new products and growing them, as she holds a BTech and MS in Electronic and Telecommunication Engineering. Before pursuing her Masters in Electronics and Telecommunication Engineering from the University of Toledo, Ohio, USA, Vemuri completed her BTech in 2004 from JNTU Hyderabad. After earning her master’s degree, she began working in technical positions at corporations such as Harbinger Systems and Persistent Systems. As a senior program manager, Vemuri worked for Microsoft India in 2010 overseeing several business products, along with Microsoft Exchange. Let’s be a reader to get more information.
Pratyusha Vemuri quickly rose through the ranks, becoming the head of identity, security and privacy for the institution’s Microsoft Cloud + AI products. She oversaw significant security, privacy and compliance tasks at some point during her time at Microsoft. Vemuri was forced to leave Microsoft after 14 years there and expand the product to address the needs of full-scale clients. After working closely on security and fraud issues, she decided to apply her expertise to create a complete AI-based fraud protection device. As a result, in 2021 she and AI Kavach based in Girish Nagavarapu. Keep reading if you don’t want to miss anything important.
With a smart AI assistant, AI Kavach aims to protect people from fraud. The digital assistant protects users from fraud by alerting them to potential threats and attacks before any damage is done. He characterizes him as a kind of personal bodyguard. The following are some of the main functions offered by using AI Kavach. Personalized fraud indicators are sent by email or phone. Warnings about possible risks along with phishing attempts, money scams and identity theft. AI Kavach uses state-of-the-art artificial intelligence and gadgets, gaining knowledge of technologies to identify patterns and anomalies that point to fraud. Go below this article.
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A person’s online footprint, including social media, credit cards and banking, is used with the help of a digital assistant. To detect possible fraud. In order to accurately alert users in real time, state-of-the-art algorithms examine these statistics. To combat new fraud patterns, the AI mode has been updated and often has a higher advantage. User input is taken into account to improve protection. Aman Gupta and Peyush Bansal helped AI Kavach raise INR 1 crore after the highest quality second season of the show. The Sharks gave the founders excessive marks for their future plan, attractiveness and domain knowledge. In exchange for their immediate monitoring of the corporation’s boom, Gupta and Bansal provided mentoring assistance. Continue reading this article.
Vemuri could use the money to develop an engineering team of workers. It also intends to focus on tier-2 and tier-three cities after ramping up patronage in metro areas at some stage. Plans include integrations with e-commerce structures, monetary institutions and banks. AI Kavach’s fraud prevention solution provides users with much-desired protection as online fraud becomes more common. AI Kavacha’s concrete response offers a promising approach to fraud prevention as cybercrime damages are predicted to double with the help of 2025. Swipe down for more details.
In the third season of Shark Tank India, Pratyusha Vemuri, one of the founders of AI Kavach, gave an overview of her startup and the benefits of its capabilities for Indian clients and organizations. The founder of AI Kavacha, who changed into a believer within the product they developed, made a Shark Tank pitch. The inventor claims that AI Kavach is a patented, award-winning AI-powered response that detects fraudulent calls, messages, apps and other content and sends indicators immediately. Before she made her Shark Tank pitch, the startup had been running for just 2 months, with around 20,000 downloads and 1,500 paying participants. Read the article to the end.
Serving as a person’s protection against cybercriminals, Ai Kavach is a company for total protection solutions based on artificial intelligence. Since most images in India are done online due to the rapid digitization of the country, fraudsters have a number of options. Accordingly, Ai Kavach of Shark Tank India Season 3 came up with a way to protect human beings from these online fraudsters. As your first line of defense against cyber fraud, the creators of Ai Kavacha are organized to present it. Stay connected with our esteemed news website for more updates.
Categories: Trends
Source: HIS Education