• Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions

    24 days ago - By TechCrunch

    With the increase of digital transacting over the past year, cybercriminals have been having a field day.
    In 2020, complaints of suspected internet crime surged by 61%, to 791,790, according to the FBI's 2020 Internet Crime Report. Those crimes - ranging from personal and corporate data breaches to credit card fraud, phishing and identity theft - cost victims more than $4.2 billion.
    For companies like Sift - which aims to predict and prevent fraud online even more quickly than cybercriminals adopt new tactics - that increase in crime also led to an increase in business.
    Last year, the San...
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