Smyte and Twitter left dozens of the former’s clients out in the cold at the end of last month, shutting off the company’s API with half an hour’s notice following its acquisition by Twitter on June 21. Clients including Zendesk, Musical.ly, Indiegogo and Meetup were impacted by the disruption in service. Smyte until its acquisition […]
Mergers and acquisition activity took off in the fraud space in June with PayPal’s $120 million acquisition of Simility and Twitter’s buyout of Smyte. Meanwhile, fraud detection startup CashShield closed a $20 million Series B funding round. PayPal’s all-cash deal to acquire Simility is expected to close at the end of the third quarter, after […]
“Over 500 fraud fighting professionals turned out last Tuesday for FraudCon 2.0, a daylong mini-conference dedicated to fraud prevention held as part of the larger Cyberweek conference at Tel Aviv University. Participating companies included local fraud prevention startups, major multinationals such as Uber, IBM, RSA, and LexisNexis and major foreign banks including TD Bank, BMO […]
Signifyd closed a $100 million Series D investment round at the end of May, with the investment vehicle of the chairman of leading Indian information technology services company Wipro leading the round. Signifyd plans to use the funds to double it’s headcount to 320 employees, including its new European office in Barcelona that opened in […]
PointPredictive formally launched today, May 30, a fraud data exchange for auto lenders at the Auto Lending Fraud Consortium Roundtable in Fort Worth, Texas. Auto lenders will be able to use the Fraud Data Exchange as a repository for sharing data from confirmed fraudulent auto-loan applications. The service is designed to detect serial fraudsters that […]
Major international credit bureau and identity data provider TransUnion announced on May 18 that it would acquire fraud solution vendor iovation. Terms for the deal were undisclosed, however, TransUnion noted that iovation’s management team would stay in place following the deal’s closure. The acquisition is anticipated to close late in the second quarter or early […]
Everyone in fraud prevention must have heard the term machine learning bandied about in discussions about the changing nature of their work. However, the recent hype suggests that some of the people promoting machine learning solutions are either overstating or misrepresenting what the technology is currently doing and what it is capable of in the […]
Rick Skawinski, Jr. is a data analyst specializing in fraud tools at FanDuel.com, a one-day fantasy sports game website with millions of registered users that provides immediate cash payouts to winners. Rick has been fighting card-not-present (CNP) fraud for over four years, ever since his mother’s identity was stolen and used to file her taxes […]
Behavioral biometrics startup SecuredTouch raised $8 million in April, in what was otherwise a dry month for fraud prevention startups. This brings SecuredTouch’s total investment to date to $12 million. The Israel-based company said it expects to use the additional funds to expand its business activity internationally, including plans to open a U.S. office. The startup […]
There are dozens of conferences held across the globe every year dedicated to sharing fraud prevention knowledge and solutions. To assist fraud prevention professionals and organizations looking for opportunities to learn, network and find solutions to their fraud problems, about-fraud.com has created a calendar of all the relevant events we could find in 2018. The […]
