Partnerships / Acquisitions

Comcast Buys AI Cybersecurity Firm BluVector

Comcast Buys AI Cybersecurity Company BluVector

Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies.

In a press release, Comcast said that using a proprietary machine-learning engine, BluVector can detect, analyze and contain cyberthreats, including fileless malware, zero-day malware and ransomware. Together, Comcast and BluVector will work to expand BluVector’s current customer base and create new cybersecurity technologies.

“BluVector is a global leader in leveraging AI and machine learning to defend against advanced cyberthreats,” Don Mathis, GM of growth at Comcast, said in the press release announcing the deal. “We’re thrilled that BluVector is part of Comcast and are excited to support its continued growth, even as we explore new opportunities to leverage BluVector technology and expertise.”

Comcast noted that Chief Information Security Officer Noopur Davis will head up identifying opportunities to use the companies’ combined technology and expertise to develop new products and initiatives.

As part of the transaction, BluVector announced Eric Malawer was named CEO of BluVector. Malawer previously served as cybersecurity staff director for the House Committee on Homeland Security and launched three AI and security companies. BluVector Founding CEO Kris Lovejoy, who recently left to assume another role, will continue to serve as an advisor and consultant to BluVector and Comcast, the companies said in the press release.

Earlier this year, Comcast announced it was rolling out an AI-powered service that will monitor, block and alert customers to online threats to devices that are connected to home networks. Called Xfinity xFi Advanced Security, the system was created to protect smart devices from hackers and malware attacks. The service doesn’t require any setup and is activated as soon as the customer turns it on.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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