News & Media

Signifyd Secures $100 Million Series D Funding

SAN JOSE, Calif. – Signifyd, the world’s largest provider of guaranteed fraud protection for ecommerce businesses, today announced it has secured $100 million in a Series D round led by Premji Invest, with participation from existing investors Bain Capital Ventures, Menlo Ventures, American Express Ventures, IA Ventures, Allegis Cyber and Resolute Ventures. The new funding…

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A Million Dollars Per Minute

Nothing serves as a better reality check for ecommerce innovation than the holiday shopping season. Guaranteed Fraud Protection just demonstrated that it’s up to the task.

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Study Reports $57.8 Billion In eCommerce Fraud Losses

This post summarizes the press release published at 8:00 AM EDT on October 26, 2017. BOSTON, Mass. –(October 26, 2017)– Account Takeover has replaced Stolen Financials as the fastest growing fraud threat for eCommerce websites in 2017. While still representing only a fraction of the volume of Stolen Financials, in Q2 2017 alone, Account Takeover fraud rose by…

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Signifyd Guarantees Fraud Protection for Magento Commerce Merchants

This post summarizes the press release published at 5:30 AM PST on September 27, 2017. SAN JOSE, Calif.–(September 27, 2017)- Signifyd, the leading provider of Guaranteed Fraud Protection for online merchants, announced today that its real-time machine learning and financial protection capabilities are available natively in the  latest version of the Magento Commerce platform. The integration eliminates the…

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Signifyd Recognized as Top Bay Area Cybersecurity Company

We’re thrilled and humbled to be recognized by the San Francisco Business Times as one of the Top 25 Greater Bay Area Cybersecurity Companies for 2017.  We’re joined in this list by our partner ThreatMetrix, disruptors like Illumio and rapidly-growing FireEye. Companies were ranked by the size of their local cybersecurity workforce and the list…

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Ecommerce Fraud Prevention Poised for New Wave of Machine Learning Disruption

This post summarizes the press release published at 8:00 AM PDT on August 1, 2017. San Jose, Calif. – August 1, 2017 – Long-Ji Lin has been appointed Chief Scientist at Signifyd, the world’s largest provider of Guaranteed Fraud Protection for ecommerce companies. In his new role, Lin will focus intensively on Signifyd’s modeling and leverage big data…

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Rajesh Ramanand Named in "40 Under 40" by Silicon Valley Business Journal

This post summarizes the article (for subscribers only) published by the Silicon Valley Business Journal. For online thieves, Rajesh Ramanand is a serious adversary. After recognizing that the ecommerce industry relied on an outdated score-based system which left online retailers vulnerable to fraud, Ramanand resigned as head of risks on PayPal’s Emerging Market team to build a new…

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Guaranteed Fraud Protection for Authorize.Net

Signifyd Extends Guaranteed Fraud Protection to Authorize.Net’s eCommerce Merchants in the U.S. This post summarizes the press release published at 9:00 AM PDT on July 12, 2017. San Jose, CA – July 12, 2017 — Signifyd announces its Guaranteed Fraud Protection suite is available to Authorize.Net eCommerce merchants in the U.S.  Authorize.Net’s customers can take advantage of Signifyd’s Guaranteed…

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Signifyd Named in CB Insights Fintech 250

We are deeply humbled and honored to be recognized by CB Insights as one of the 250 top private companies changing the face of financial services around the world. This list is created through a purely data-driven, algorithmic process that uses CB Insights data. They’ve gathered this data via their machine learning technology (dubbed “The Cruncher”) as well as via several…

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Global State of Ecommerce Fraud in Q1 2017

Ecommerce fraud losses have fallen 34.7% since Q1 2016, helped by machine learning and new services like Guaranteed Fraud Protection. However, merchants across eight major industry segments are still expected to lose $48.2 billion this year. And not all industries have improved. For example, online Department Stores saw fraud losses rise by 146.5% between Q1 2016 and…

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Signifyd Named in Red Herring Top 100

We are honored and truly humbled to be named by Red Herring as one of North America’s Top 100 most exciting and innovative private technology companies for 2017. Companies were judged by industry experts, insiders and journalists on a wide variety of criteria including financial performance, innovation, business strategy and market penetration. Winners ran the gamut…

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Accept Higher Risk Orders Without Fraud Losses

As an ecommerce business you decline certain orders because they appear fraudulent or simply too risky. But what if you didn’t? How many additional orders, and how much additional revenue, could you earn if you could accept increasingly riskier orders without fraud losses?

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Signifyd named one of Inc. Magazine’s Best Workplaces for 2017

We’re thrilled to be named one of Inc. magazine’s Best Workplaces for 2017, the publication’s second annual ranking in the fast-growing private company sector. Of the 233 companies listed, we are one of only three security companies to make this year’s list. More than 1,600 com­panies applied – three times as many as last year – and…

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Global Fraud Index for Q1 2017 released by PYMNTS.com and Signifyd

This post summarizes the press release published on May 31, 2017. BOSTON–(BUSINESS WIRE)–eCommerce fraud as a percent of sales dollars has been declining across the board, except for two industries, since the first quarter of 2016. However, fraud losses still accounts for billions of dollars, and perhaps even more due to transactions declined incorrectly due to…

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San Jose Becoming Hub for Artificial Intelligence Firms

This post summarizes the article by Ethan Baron published on May 28 in The Mercury News. SAN JOSE — Cheaper and older isn’t typically associated with riches and success in the Bay Area tech scene. But that’s just what San Jose is offering — cheaper office rent and older tech workers — to a rapidly expanding cohort of companies…

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What We Learned From Our First Networking Event

On April 20, we held our first networking event right here at our headquarters in San Jose. We had prepared a brief tech talk and a short walk through of Signifyd’s evolution to allow attendees to understand where we came from and where we’re going. There was plenty of food, drinks and questions, but most…

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Signifyd to host first Bay Area "Payment Fraud Meetup" on June 8 featuring Noam Naveh

To drive inclusive conversations with experts in our field, Signifyd is hosting our first “Payment Fraud Meetup” in the Bay Area for professionals with online payment fraud expertise. We’re extending this invite to all industry professionals, including  merchants, payment processors and solution providers. Our goal is to create a venue that’s simply perfect for meeting fellow…

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Signifyd secures $56 Million in Series C Funding

This post summarizes the press release published at 9:00 AM PST on May 4, 2017. San Jose, Calif. – May 4, 2017 – Signifyd, the world’s largest provider of Guaranteed Fraud Protection for ecommerce businesses, today announced it has secured $56 million in Series C financing led by Bain Capital Ventures, with additional participation from Menlo…

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Signifyd honored by American Business Awards

We are thrilled and humbled to be recognized in multiple categories by the American Business AwardsSM. Signifyd won 4 Gold and 1 Bronze Stevie® Awards in the following categories: Company of the Year – Business & Professional Services – Medium Company of the Year – Financial Services – Medium Most Innovative Tech Company of the Year…

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Signifyd named one of the Best Places to Work in the Bay Area

Last year we were completely surprised when we were named one of the Bay Area’s Best Places to Work in the “Smallest” (1-49 employees) company category. So much has changed since then so we kept our expectations low when we entered the contest again this year, as we would now be competing in the “Small”…

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Signifyd’s First Tech Talk and Networking Event on April 20

We’re hosting our first Tech Talk and Networking event right here in the Bay Area where you can meet our engineering team, learn many interesting facts about ecommerce fraud, join an in-depth technical discussion about machine learning and get an inside look at everything our product and engineering teams are currently working on. For this first event, Michael…

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