Latest News
Equifax Acquires eCommerce Fraud Prevention Provider Kount for $640m
On January 8th Equifax® (NYSE: EFX) a global data, analytics and technology company has announced it signed a definitive agreement to acquire Kount, a provider of Artificial Intelligence (AI)-driven fraud prevention and digital identity solutions, for $640 million. As global digital transformatio
Chase Bank Refuses to Allow $16K Chargeback — Because Apple Gets Special Treatment
Apple Insider magazine has reported that Connecticut based mother Jessica Johnson will be forced to pay for over $16,000 worth of in-game purchases, made by her six year old son over the course of several months, on the iPad version of the game ‘Sonic Forces’. According to Johnson, she f
SecurityMetrics awarded for cybersecurity solution
SecurityMetrics, a data security and compliance company, has won the “Overall Web Security Solution of the Year” award with its web skimming security product in the fourth annual cybersecurity products and services awards program held by CyberSecurity Breakthrough. SecurityMetrics’ Web
FreedomPay and Forter Collaborate for Ecommerce Security
FreedomPay, a payment technology company, has partnered with Forter, a fraud prevention software company, to address growing concern over ecommerce fraud as online shopping increases, said Forter officials. “Forter’s fraud prevention capabilities protect merchants on FreedomPay’s Commerce Plat
eCommerce Fraud Prevention Startup Forter Raises $125M in Venture Funding at a $1.3B Valuation
New York/Tel Aviv based fraud prevention startup Forter announced yesterday a $125M Series E funding round. The funding round comes as an unprecedented surge in eCommerce transactions due to Covid and merchants attempting to grapple with eCommerce fraud. Founded in 2013, Forter works within the
Allica Bank Implements Sphonic’s Security Services
Allica Bank, a new UK based digital bank catering to SMEs, has selected a financial crime product suite from Sphonic, a regulatory tech company, to meet financial security requirements established by the FCA, said Alicia Bank officials in a press release. “We chose Sphonic due to the range of serv
OpenEnvoy Launches to Address Supplier Fraud
OpenEnvoy, a new fintech startup, launched on Oct. 27 with a platform to provide automated invoice auditing to address the high cost that typically results in company invoices going unaudited, which costs companies in the long run, said OpenEnvoy officials in a press release. “We help companie
Oracle Adapts Big Bank Protection Assets to Mid-size Institutions
Oracle Financial Services has developed Oracle Financial Crime and Compliance Management Cloud Service, a big bank asset reformulated to help smaller institutions stop illicit activity, said Oracle officials in a press release. “With criminals getting increasingly sophisticated, mid-sized banks st
Kount Launches New Podcast
Kount, a leading provider of eCommerce fraud prevention software, has launched a new podcast: 5 Trends, 5 Minutes: Cyber & Fraud. The podcast will air weekly and feature the top five headlines in cybersecurity, fraud prevention, eCommerce and payments, as well as an interview with industry exper
Fraud Prevention Startup NS8 Spectacularly Implodes, CEO Arrested by FBI.
NS8, Once a rising star in online fraud prevention, fired nearly all its employees and its CEO is under investigation by the SEC and now has been arrested by the FBI. Up until very recently, the Las Vegas based NS8 was on a rocket trajectory. It was hailed as a profitable and leading ecommerce
