UrbanFox raises €3.5 million to battle synthetic fraud

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The company has developed a fraud prevention and risk management platform that protects payment processors and large online merchants from attacks

UrbanFox, a Dublin-based anti-fraud technology company, has raised €3.5 million in funding, with the venture capital arm of JetBlue Airways among the investors.

Founded in 2017 and led by Daniel Loftus, UrbanFox is behind a fraud prevention and risk management platform that protects payment processors and large online merchants from complex synthetic fraud attacks. Synthetic identity fraud is a highly sophisticated and hard-to-spot form of online fraud in which aspects of an individual’s identity and ...

 

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