The Irish firm Corvil has announced that it has come up with a possible solution to the cybersecurity-related matters which online trading brokers are encountering nowadays. This idea comes at a time when firms are increasingly concerned about the obstruction of their website security.
Corvil’s ‘Cara’ is designed to independently identify weak spots and potential threats to a broker’s website behind the scenes. The automated algorithm is said to work without compromising trading platforms, their speed, features, or performance.
Cara will deliver daily reports which will include a risk assessment grade targeted at c-level executives.
Cara will first mark normal website activities and behavior, following which it will single out instances that might weaken security. The system will also be responsible for highlighting any issues that may need to be investigated. Cara will deliver daily reports which will include a risk assessment grade targeted at c-level executives. The reports will be useful for security team members investigating and handling the issues following the results.
Corvil’s Other Security Endeavors
Corvil is known for being a specialist in real-time data analysis and regulation solutions, and the firm is not a stranger to inventing cybersecurity systems. Finance Magnates has covered some of the company’s other solutions, such as its latest system that is to up trading execution quality while reducing the risks involved with operation and the market. Similar to Cara, this system will also work on analysis, detection of threats, and improvement of the host trading environment.