Nixer CyberML uses machine-learning to help business deal with security and cybercrime issues such as detecting and dealing with compromised accounts, fraud and distributed denial of service (DDoS) attacks.
Crossword said the benefits of the new products included being able to detect and prevent fraud and other attacks that Web Application Firewalls (WAFs) and DDoS tool cannot mitigate, as well as “quick and reliable deployment” using existing system code.
The first release of Nixer CyberML will be designed for developers and include the products code libraries and an engine containing machine-learning algorithms to differentiate between normal and malicious processes.
Jake Holloway, Crossword's chief product officer, said the new product will allow “organisations to build in security and anti-fraud capabilities easily and quickly, without needing to employ machine learning specialists".
Tom Ilube, Crossword’s chief executive, added that the product will be followed up with “further services to help enterprises, [software-as-a-service] vendors and developers accelerate projects that add intelligence to their applications”.
In early trading on Thursday, Crossword’s shares were 1% higher at 495p.