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New Search Tool for Fraud Solutions Launches

 About-fraud.com launched this Wedneday a free search filter system to aid companies in locating solutions to their online fraud problems in a market expected to reach $42.6 billion by 2023. The website includes detailed information on a growing list of over 80 vendors that cover problems ranging from card-not-present (CNP)...Readmore
Smyte shuts down service

Smyte Leaves Customers in the Lurch

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...Readmore
Funding investment Twitter Smyte

PayPal and Twitter Buy Anti-Fraud Startups in June

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...Readmore

FraudCon 2.0 Draws Over 500 Fraud Fighters to Israel

“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...Readmore
Twitter funding M&A

Signifyd Raises $100M in May

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...Readmore
Auto lending fraud data exchange

First Fraud Data Exchange for Auto Industry Launches

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...Readmore
Funding investment Twitter Smyte

iovation Is Latest Fraud Acquisition By Data Provider

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...Readmore
Funding investment Twitter Smyte

SecuredTouch raises $8M in April

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...Readmore

What VCR Really Means for Merchants

Visa Claims Resolution (VCR) is the biggest dispute policy update the payments industry has experienced in decades. Every stakeholder has been impacted, with requirements changing for cardholders, issuers, acquirers, and merchants. An unintended challenge of VCR is ensuring each stakeholder has the information and insight they need to comply with--and...Readmore
2018 Fraud Conference Calendar

Fraud Conference Calendar 2018

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...Readmore

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