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Cybersecurity firm Unit 221B secures $5m seed funding
Unit 221B, a threat disruption company specialising in actionable threat intelligence and cyber solutions, has closed a $5m seed funding round.
The financing was led...
ThreatMark secures $23m to bolster online fraud prevention
ThreatMark, a cybersecurity company focused on fraud prevention for financial institutions, has secured $23m in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.
UK’s Trust & Safety titan Pasabi nets multi-million-dollar investment
Pasabi, the UK Trust & Safety platform, is primed to expand its global footprint, having successfully secured a multi-million-dollar investment.
Online payment fraud losses to exceed $343bn over next 5 years
Global online payment fraud losses are expected to exceed $343bn over the next five years, according to Juniper Research.
Over three-quarters of retailers have seen fraud increase during the pandemic
A survey by fraud prevention solutions provider Riskified has found 82% of retailers believe they have seen a climb in fraud attempts since the start of the Covid-19 pandemic.
Over £20m worth of fraud averted by banking industry-funded police unit
A specialist policing unit funded by the banking and finance industry revealed that £20m worth of fraud was prevented in 2020 – a figure up by £1m compared to 2019.
Cybersecurity company NS8 closes $28m funding round led by Edison Partners
US-based e-commerce security and website performance company NS8 has closed a $28m funding round which was led by Edison Partners.
CashShield collects $20m to fight fraud with AI
CashShield, an online fraud management solution, has closed a $20m Series B funding round.
