On 29th June, the City of London Corporation announced that Pervade Software were one of the successful applicants for the Cyber Innovation Challenge.

The Cyber Innovation Challenge has established a comprehensive framework that supports the financial and professional services (FPS). Given that the financial services industry remains a prime target for cyber-attacks, the expeditious reporting of any security breaches or fraudulent activities is of high importance. The use case focuses on threat intelligence, securely transferring this information to law enforcement and then providing an anonymised update to the financial sector.

As Pervade’s primary focus and expertise centre around cybersecurity, the opportunity to contribute to a challenge that unites technology, banking and law enforcement is both exciting and invaluable for knowledge exchange and meaningful discussions.

Pervade are proud to partake in this challenge and present our unique solution to all the partners involved. This Challenge will involve collaboration with City of London Corporation, City of London Police, Microsoft, technology companies and financial services. Pervade were 1 of 7 selected for the Challenge and we thoroughly look forward to the forthcoming weeks of collaboration and progress during the sprint.

Find more information about the Cyber Innovation Challenge here