SpyCloud confirmed that the cybersecurity firm closed a $30 million venture financing round to improve its engineering team and products. The company creates new strategies to prevent and detect fraud acts. Javelin Strategy and Research's previous report explained that the innovation was done because the identity theft hit a record high, way back in 2017,
SpyCloud expands into Europe, Middle East and #Africa for £16.9m funding round | #Business Leader News Business Leader SpyCloud, an international provider of account takeover (ATO) prevention, has expanded sales and sup... https://t.co/gu81dGYaUY via @theafricamentor #africabiz pic.twitter.com/lce3XZixdW — Africa Mentor (@TheAfricaMentor) July 26, 2019
The company's Investigations product identifies the strategies and techniques used to perform fraud. On the other hand, Maltego, a visualization tool, produces a graph for link analysis. The security tool can find the connections among passwords, usernames, geographic locations, phone numbers, IP addresses, email addresses, financial information, and other relevant personal information.
SpyCloud's robust set of APIs also allows strategic partners like AlienVault and CreditKarma, to build security and monitoring solutions for third-party clients. The cybersecurity firm plans to grow its service by expanding its support operations and sales into Europe, Africa, and the Middle East.
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Read also: Also Read: [HACKS] Someone Using the Web to Spy on You? These Browser Extension Will Track Them
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Written by: Giuliano de Leon.
