Quick Heal Technologies Introduces India's First Antifraud AI Solution for Cybersecurity

Quick Heal Technologies Enhances Cybersecurity

Quick Heal Technologies, a leading cybersecurity firm based in Pune, is gearing up to launch India’s first locally manufactured antifraud artificial intelligence solution. This cutting-edge technology aims to provide unparalleled consumer protection against the surge of digital fraud and cybercrime, which poses significant challenges for individuals and businesses alike.

Addressing the Rise of Cybercrime

Vishal Salvi, CEO of Quick Heal, emphasized the necessity of antifraud solutions in an age where the number of fraudulent transactions and cyber threats has increased dramatically. He stated, “Antifraud AI focuses on ensuring users are alerted about fraudulent activities, protecting their credentials from threat actors.”

The Market Potential

• Quick Heal’s solution is designed for a diverse age group, catering to the increasing usage of mobile banking and apps.
• With India nearing a $1 billion smartphone user base, the company sees a vast opportunity for revenue generation from the product launch.
• As a member of the US Artificial Intelligence Safety Institute Consortium, Quick Heal stands out as the only Indian cybersecurity firm in this prestigious group.

Stock Performance

Currently, Quick Heal has a market capitalisation of ₹3,486 crore, with its share price experiencing a remarkable growth of 118% over the past year. This reflects investor optimism about the company’s new innovations and future growth prospects.