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PayPal made a strategic investment in cybersecurity startup

Nov 16, 2018

Investment demonstrates increasing momentum of cybersecurity startup in the online fraud prevention space

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PayPal made a strategic investment in cybersecurity startup. Source: shutterstock.com

Arkose Labs, providers of online fraud prevention technology combining user risk assessment and sophisticated enforcement challenges, announced PayPal has made a strategic investment in the company. With this investment, Arkose Labs plans to expand its product roadmap to include additional fraud prevention and digital identity capabilities.

When it comes to online e-commerce and financial transactions, PayPal is the titan of the industry. Their strategic investment in Arkose Labs signals their continued commitment to fighting fraud and ensuring that millions of users around the world can confidently complete transactions whether they are online, on a mobile device, in an app, or in person
Kevin Gosschalk, CEO of Arkose Labs

Arkose Labs technology exclusively stops abuse before it occurs without adding friction to the user experience. Arkose Labs is the only solution provider to offer a 100% service level agreement that includes a money-back guarantee for customers in the event that the technology does not stop an automated attack. With the prevalence of more sophisticated automated attacks, adoption of Arkose Labs technology is accelerating across sectors including online communities and marketplaces, travel, banking, social media, ticketing, and gaming.

SEE ALSO:?Schemes & types of banking card fraud to watch out for

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