Nethone: A Polish solution to plague of online account takeovers powered by $6.7M Series A

Nethone’s passive behavioral biometrics allows online businesses to seamlessly stop over 95.3% of account takeovers (ATO) – cyber threats that have been spreading globally at an alarming rate. Besides ATO, the Polish fraud fighter has been flourishing in its payment and financial application use cases, systematically proving over 10 p.p. higher fraud detection precision than […]

The Two P2P Network Features That Internet Must-Have Nowadays

Did you know that, according to Varonis 2019 Global Data Risk Report, on average, only 5% of companies’ folders are adequately protected?  The fact that various difficulties were brought with COVID-19 in 2020 drove corporations toward remote staff and cloud-based technologies where information vulnerability created a massive need for companies to improve their cyber assets […]

Hanseatic Bank unifies authentication with Netcetera and Entersekt

Hanseatic Bank unifies its authentication processes with a cloud-based identity and access management (IAM) solution from Netcetera, the market leader for secure digital payments. In the future, the German private bank will use the same authentication procedures for credit card payments on the Internet, login to online banking, and various self-services, including the “Transakt” app […]

ID verification outfit Trulioo hits $1.75bn valuation

Canadian identity verification outfit Trulioo has hit a US$1.75 billion valuation off a US$394 million Series D funding round led by TCV an joined by Citi and American Express. Blumberg Capital and Mouro Capital also joined the round for Vancouver-based Trulioo. which provides real-time verification of 5 billion consumers and 330 million business entities worldwide […]

HSBC UK launches fraud awareness app for businesses

HSBC has launched a fraud awareness app to provide businesses with up-to-the-minute news on emerging scams. As well as sending users notifications on new scams and fraud tactics, the free app also includes advice and tips on how to avoid falling victim to fraud and provides real-life stories from customers. Peter McIntyre, head of small […]

US storms ahead of UK in 3DS2 use for payment authentication, data shows

2 June 2021, London UK — The US is beating the UK in the rollout of the 3D Secure 2 (3DS2) multi-factor authentication protocol, new data from fraud detection and payment acceptance specialist Ravelin shows today. 68% of transactions in the US now use 3DS2, with a significant 99% authentication success rate. By comparison, just 7% of UK […]

NEC Payments finds a new path to payment security with Netcetera

Bahrain-based NEC Payments needed an ACS offering 3DS 2.0, the latest in payment security protocols. Netcetera rose to the challenge, building them a solution from the ground up. NEC Payments is a rapidly growing digital banking and payment technology company with big plans. Already offering innovative cloud-native banking-as-a-service to Middle East Fintech and technology distribution […]

E-commerce fraud prevention firm Forter scores $300m

E-commerce fraud prevention company Forter has hit a $3 billion valuation after raising $300 million in a Series F funding round led by Tiger Global Management. Third Point Ventures, Adage Capital Management, Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners joined the round, which sees Forter’s valuation triple […]

Solidus Labs raises $20 million as demand spikes from traditional financial institutions

Solidus Labs, a digital asset risk surveillance firm founded by ex-Goldman Sachs engineers, has raised $20 million in a Series A round led by the VC Firm Evolution Partners, with additional participants including 645 Ventures, FTX, Avon Ventures, Naval Ravikant, and multiple former regulators including CFTC Chair Chris Giancarlo. The New York-based firm seeks to […]