AI fraud-fighting provider recognized for disruptive technology innovation and business impact
MOUNTAIN VIEW, Calif., Dec. 19, 2018 (GLOBE NEWSWIRE) -- Shape Security, a pioneer in bot and automated fraud mitigation, today announced that JPMorgan Chase & Co. (JPM) has inducted the company into its Hall of Innovation for its platform, which addresses automated web and mobile threats.
Once a year, the JPMorgan Chase Hall of Innovation recognizes select emerging technology companies such as Shape for their innovation, business value, and disruptive nature. The award was presented to Shape at the J.P. Morgan Technology Innovation Symposium, held in Menlo Park, California.
“We were impressed by Shape’s innovative approach to help enable a high-security, low-friction user experience,” said Rohan Amin, Chief Information Security Officer and Chief Technology Control Officer of JPMorgan Chase & Co. “Shape has enhanced JPMorgan Chase’s ability to keep customers secure by detecting and blocking automated threats in real time, and we appreciate our partnership with them.”
“We’re honored to receive this award from JPMorgan Chase,” said Sumit Agarwal, Co-Founder and Chief Operating Officer of Shape Security. “The company has worked alongside Shape to develop innovative ways to improve the customer experience through security. There is nothing more humbling than having a customer validate the work that we do, and we look forward to continuing our partnership with JPMorgan Chase.”
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About Shape Security
Shape Security is defining a new future in which excellent cybersecurity not only stops attackers, but also reduces friction for good customers. Shape disrupts the economics of cybercrime by making it too expensive for attackers to commit online fraud, while also enabling enterprises to more easily transact with genuine customers. The Shape platform, covered by 55 patents, was designed to stop the most dangerous application attacks enabled by bots and cybercriminal tools, including credential stuffing (account takeover), fake account creation, and unauthorized aggregation. The world’s leading organizations rely on Shape as their primary line of defense against attacks on their web and mobile applications, including three of the Top 5 US banks, five of the Top 10 global airlines, two of the Top 5 global hotels, and two of the Top 5 US government agencies. Today, the Shape Network defends 1.7 billion user accounts from account takeover and protects 40% of the consumer banking industry. The company is headquartered in Mountain View, California, and also has offices in London and Sydney.