PryvX

PryvX is continuing to grow! Help us give a warm welcome to Alena Struzhkina, our new UX/UI designer-intern, studying at Yrgo. Alena has joined the team with a blend of fresh ideas and design skills. We really believe her eagerness to learn, positive attitude, and collaborative spirit makes her a valuable contributor for PryvX. Having Alena onboard brings us one step closer to our vision for a world free of fraud 💙

Similar problem mentioned by the banks and authority in Norway that we recently been in touch with. Delaying transactions are good start, but it comes with a cost. As an example, the cost to cover exchange rate fluctuation risk for international transactions. But are we as a society accepting that the bad guys are already winning it and are we running out of creative ideas to tackle it directly? Margit Arctaedius Jayesh Kenaudekar

Today the Swedish Bank Association (Svenska Bankföreningen) presented new measures to increase our citizens' protection against fraud. This is after the recent highlights that the criminal profits for fraud in Sweden last year was as high as 7.5 billion SEK.❤️🩹 One of the mentioned solution is better collaboration between telecom- and banks. Another interesting point mentioned is the wish for an easier way for banks and authorities to share information with each other. 🤝 We are looking forward to see what this brings and happy to see that measures are actively being taken for a more secure and collaborative future! https://lnkd.in/g3imeEe9

PryvX is Growing! We are very happy to introduce our additions to the team, together they will play a key part with the development of our collaboration platform for fighting fraud. 💫   Cristina B. is our new star UX and UI designer. She has over a decade of experience spanning freelance and corporate settings. Her expertise includes UX/UI design, graphic design and digital marketing etc, all aimed at elevating brands, delivering seamless user experiences and engaging audiences effectively.   Atul Maurya is our expert Fullstack Developer. He has 8 years of experience building robust front-end solutions using ReactJS. He leverages state-of-the-art libraries, best practices, and performance optimization techniques to deliver high-quality and innovative applications.   Please join us in extending a warm welcome as they embark on their thrilling journey with PryvX 🎉

This news is on top of last week news about Microsoft engineer has discovered a highly sophisticated attempt to introduce malicious code into XZ Utils, a widely used open-source compression utility. Had it gone undetected, this malware would have been bundled in upcoming Linux distributions, which power the majority of the world’s servers, potentially leading to widespread security compromises. This incident highlights a critical issue: how can we protect digital public goods, often built on the shoulders of individual contributors, from deliberate contamination? https://lnkd.in/dCW6p2Gr

⚡️ PryvX featured in Dagens Teknik ⚡️ The article is based on the recent meeting called by the Swedish Prime Minister with the largest banks in Sweden. The purpose of the meeting was to address the significant and growing problem of fraud in our society, to which we at PryvX bring a new solution, as mentioned in the article: "PryvX is emerging as a potential key player with their vision of using privacy-enhancing AI to prevent fraud." Read more in the full article below (Swedish read): https://lnkd.in/dA9ATgAJ

A couple of exiting Friday updates from PryvX to wrap up the week! 🚀 🌟 PryvX was named the 6th Most Popular Startups & Scaleups in Sweden on The Hub in January! 💼 We've engaged in valuable coaching sessions and got to get to know even more great founders, coaches and experts at Sting. 🎤 Our founders, Gaspar and Margit, have been presenting in round-table discussions. Gaspar about Leading digital transformation using AI, and Margit speaking about Cybersecurity at Stockholm Fintech week. Next week we will attend Techarenan(22-23feb). Let us know if you'll be there too – we'd love to connect!

This will bring the cost of attack very low compare to the current one with manual effort. The attacker - defender asymmetry tilted to the advantage of the bad guys. Our societies are going for a wild ride if we don't get our act together , collaborate and pool our resources (including our data and capital) ... “we show that LLM agents can autonomously hack websites, performing tasks as complex as blind database schema extraction and SQL injections without human feedback. Importantly, the agent does not need to know the vulnerability beforehand.” https://lnkd.in/dNrNBK8s

Happy to announce that we have been selected to be part of Stings Startup Incubator program! We're eager to learn from their fast experience and expertise, and be part of their community to continue growing as a company. 🙌

Happy to be featured in Swedish Tech News today!