Sep 7, 2016
I recently came across a company called Forter on the Gartner Cool vendors list. They offer an invaluable service to retailers by taking away all the risk of transactions.
Most people listening to this show would have received a call from their bank at some stage to be questioned about recent transactions they did not make.
It's a hassle and you have to wait for new cards to arrive, but for businesses, it's a much biggest problem.
For every 1,000 transactions made in the first quarter of 2016, there were 34 fraud attacks, compared to 15 per 1,000 transactions during the second quarter of 2015, which represents a 126% increase.
I invited Michael Reitblat, CEO and co-founder of Forter to find out more about how it works and understand how raising $32M in Series C funding is making a big difference against online fraud.