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

Quick Heal Technologies Addresses Growing Cybersecurity Threats

Quick Heal Technologies, a renowned cybersecurity firm based in Pune, is set to launch India's first antifraud artificial intelligence solution. This groundbreaking initiative is designed to provide consumer protection against the ever-widening spectrum of digital fraud and cybercrime.

Understanding the Role of Antifraud AI

Vishal Salvi, CEO of Quick Heal, highlights that the rise of cybercrime presents substantial challenges for both the industry and its consumers. Emphasizing the importance of innovative approaches, Salvi addresses the urgent need for products that aid users in recognizing fraudulent activities on their devices.

• Antifraud AI focuses on real-time updates about fraudulent transactions.
• The rollout aims to cover the entire nation, generating revenue from day one.
• Quick Heal's new product is positioned in a vast market potential as India's smartphone user base approaches 1 billion.

Market Potential and Future Outlook

Salvi acknowledges the substantial market potential for their antifraud AI, especially as mobile applications and online banking gain traction. The recent appointment of Quick Heal as a member of the US Artificial Intelligence Safety Institute Consortium further solidifies its place as a prominent player in cybersecurity.

With a market capitalization reaching ₹3,486 crore and a significant rise in share price of 118% over the last year, Quick Heal Technologies is poised for a successful launch.