Researchers estimate U.S. eCommerce companies lost $6.7 billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. According to LexisNexis Risk Solutions, chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for...
Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. According to Venture Beat, this latest round of funding was led by Manhattan-based VC firm Stripes Group, with participation from existing investors that...
Death. Taxes. Online fraud attempts. Are these the only sureties in life? In the latest Data Drivers, PYMNTS’ Karen Webster and Jason Tan, CEO of Sift Science, delved into the staggering costs of fraud, with $8 billion in false declines alone.
October 24, 2018
Rules of thumb are useful — until they aren’t. When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. To that end, Sift Science said Tuesday (Oct. 23) it had debuted […]
January 10, 2017
Death. Taxes. Online fraud attempts. Are these the only sureties in life? In the latest Data Drivers, PYMNTS’ Karen Webster and Jason Tan, CEO of Sift Science, delved into the staggering costs of...
March 22, 2018
Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. According to Venture Beat, this latest round of funding was led by Manhattan-based VC firm Stripes Group, with participation from existing investors that include Union Square Ventures, Insight Venture Partners and Spark Capital. […]
