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